CLARITY OF
PURPOSE

Material issues

(102-17, 102-44, 102-47, 103-1, 201-2)

Fibra Danhos has always made it a priority to act sustainably, meaning we build our business with a long-term vision in mind, valuing our relations with stakeholders. For that reason, this report details our progress toward each material ESG issue, the result of a materiality exercise last updated in November 2020. It also incorporates our second Communication of Progress (CoP) in keeping with the commitments of the United Nations Global Compact.

Learning about the aspects that are material or relevant in terms of their impact on our stakeholders is essential for establishing open and lasting relations with each of these groups. This materiality study is integrated into our short, medium and long-term business strategies, as well as our mission and values.

The study, conducted by Deloitte in 2020, was based on the following methodology:

  • Analysis of the process for the 2018 materiality study and material issues, to adapt it to the updating process.
  • Analysis and compilation of studies on the industry and leading companies to establish material issues for Fibra Danhos.
  • Review of ESG issues that various investors have raised with Fibra Danhos to include them in the requested materiality topics.
  • Analysis of the information, development of the matrix, and internal validation.

2020 Materiality matrix

The study resulted in the identification of 26 material issues, which were classified as follows:

Management
  1. CSR Management
  2. Stakeholder engagement
  3. Operations
  4. Product/quality responsibility
  5. Brand management
Social
  1. Diversity and inclusion
  2. Community engagement
  3. Employee well-being
  4. Talent
  5. Human rights
  6. Health and safety
  7. Sustainable spaces
  8. Supply chain
  9. Labor practices
Governance
  1. Corporate governance
  2. Risk and crisis management
  3. Ethics and regulatory compliance
  4. Anti-corruption
  5. Data security
Environment
  1. Energy
  2. Emissions
  3. Water
  4. Climate change
  5. Waste
  6. Biodiversity
  7. Construction materials

The matrix shows that the ten issues with the highest scores—meaning the priority issues—were: corporate governance, diversity and inclusion, risk and crisis management, ethics and regulatory compliance, climate change, energy, water, emissions, waste and biodiversity.

In addition to attending to these material issues, in 2021 we focused on responding to each of them, identifying the activities that contribute to each material issue, as mentioned in our ESG strategy.


Fibra Danhos has always made it a priority to act sustainably, meaning we build our business with a long-term vision in mind, valuing our relations with stakeholders.

ESG Strategy

(102-15, 102-47)

Material Issue Sector Goal Specific action lines/strategies
Climate Change Environmental Quantify the long-term implications of and adapt to climate change in our portfolio.
Identify climate-related risks and opportunities in our portfolio in order to assess and manage them.
  • Apply a climate-related risk vulnerability study to the portfolio.
  • Prepare a climate change diagnosis based on TCFD recommendations.
Energy Environmental Reduce electricity consumption in our retail portfolio and headquarters. Introduce energy management programs, such as:
  • Optimizing air conditioning operating times
  • Automate hours for turning escalators and elevators on and off.
  • Replace traditional lighting for LED lighting in our buildings.
  • Energy quality studies to adjust equipment that consumes the most.
  • Deploy the BMS Automation, Monitoring and Control system in our buildings.
Emissions Environmental Reduce the carbon footprint of our electricity consumption.
  • Analyze alternatives for purchasing or installing renewable energy in our portfolio.
  • Preventive maintenance of emergency generators and air conditioning equipment.
  • Mitigation plans in new buildings and expansion to adopt green areas and reforestation programs.
Water Environmental More efficiently manage water use in our facilities.
  • Preventive maintenance and detection of leaks in our properties.
  • Maintenance of wastewater treatment plant to reuse water in green areas and bathrooms.
  • Replace traditional toilet fixtures with state-of-the-art water-saving fixtures.
  • Capture and reuse of rainwater in our buildings.
Waste Environmental Reduce the amount of waste generated and increase recycling.
  • Introduce correct handling and separation of waste in our properties.
  • Strategies for monetizing materials.
  • Proper management of hazardous waste.
  • Strategic alliances with suppliers for recycling waste.
  • Reduction of waste sent to landfills.
  • Awareness-building campaigns for building visitors.
Biodiversity Environmental Reduce our environmental impact in areas surrounding our buildings.
  • Maintenance and adoption of green areas and median strips around our buildings.
  • Collaborate with organizations that work to protect biodiversity.
  • Corporate participation in annual reforestation campaigns.
  • Conduct a study to identify buildings close to natural preserves or protected natural areas.
  • Have mitigation plans in place in building expansions and new projects.
Corporate governance Governance Maintain the highest levels of transparency and experience in ESG matters.
  • Develop sustainability training sessions for the entire governance structure.
Diversity and Inclusion Governance Be a diverse and inclusive company, without distinction as to race, gender, religion or any other characteristics.
  • Strengthen diversity and inclusion management through constant training of employees.
  • Hold online workshops on diversity and inclusion, building awareness about issues of gender, LGBT+ community.
Risk and crisis management Governance Mitigate ESG risks most likely to occur or whose impact on our company is likely to be significant.
  • Assess the non-financial risks to which our company may be exposed in order to identify, prevent and monitor them.
Ethics and compliance Governance Foster a culture of ethics with all of our stakeholders and ensure compliance with the Code of Ethics.
  • Continue training all employees in areas relating to the Code of Ethics, Corporate Ethics and Human Rights, among others.
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