Loading...

ESG Master Plan: 4 Pillars

Environment

  • Optimization of environmental management.
  • Urban biodiversity for the cities of the future.
  • Promote the establishment of measures to support the fight against climate change.
  • Incorporate energy efficiency criteria, responsible water consumption, rational use of natural resources and certification according to sustainability criteria.
  • To comply with the principles of Circular Economy.
  • Contribute to the wellbeing of customers, users, collaborators and employees, guaranteeing optimum air quality within its facilities.

Corporate Governance

  • Compliance with current legislation.
  • Promote, in commercial relations, adherence to Lar España’s sustainability commitments.
  • Fiscal responsibility.
  • Responsible communication practices and transparency.
  • Not accepting any type of discrimination or conduct that intimidates or offends Human Rights.
  • Hiring processes based on transparency, objectivity and fairness.
  • Advocate for the promotion and fulfillment of the SDGs and the 2030 Agenda.

Social Capital

  • Create value for shareholders and investors.
  • Contributing to human, economic and environmental development that favors sustainable development and the social progress of communities.
  • Promoting business relationships based on mutual benefit.
  • Recruiting, selecting, training, qualifying and retaining talent within a framework of equal opportunity, non-discrimination and diversity, as well as a fair compensation policy.
  • Ensure a safe and healthy working environment.
  • Promote communication and dialogue with all stakeholders.
  • Incorporate Universal Accessibility criteria.
  • Cooperation with institutions, non-governmental organizations, private companies for the effective development of social actions.

Assets

  • Diagnosis based on national and international trends and best practices.
  • Establishment and monitoring of objectives through specific indicators.
  • Monitoring of compliance with sustainability policies, associated risks and their management, particularly related to non-financial risk.

Commitment to sustainable financing options

ESG COMMITTEE

It promotes the management of ESG competencies in the different departments of the Company. The Committee is made up of a cross-cutting senior management team with managers from different departments involved in asset management, who work to establish a common strategy for all of them.

International standards and best practices

Public environmental information is prepared in accordance with the Global Reporting Initiative (GRI) Sustainability Reporting Standards.

The sustainability information published by the company has been externally reviewed by a third party (EY) with a limited scope of review and with reference to the GRI Sustainability Reporting Standards (GRI Standards).


Lar España participates annually in the GRESB (Global Real Estate Sustainability Benchmark), a reference framework for the evaluation of environmental, social and governance (ESG) aspects in the real estate sector.

Lar España applies the “Best Practices and Recommendations” guide prepared by EPRA regarding the presentation, analysis and calculation of the main financial and non-financial indicators.

Since 2020, when the company joined the United Nations Global Compact by signing the letter of commitment, Lar España has continued to show its clear intention to align its sustainability/ESG strategy with the United Nations 2030 Agenda.

In 2021 the Company went a step further by developing a customized Action Plan in accordance with the stakeholders and other material issues within its scope of action and how they actively contribute to the achievement of the Sustainable Development Goals (SDGs).

International standards and best practices

 

 

 

Public environmental information is prepared in accordance with the Global Reporting Initiative (GRI) Sustainability Reporting Standards.

The sustainability information published by the company has been externally reviewed by a third party (KPMG) with a limited scope of review and with reference to the GRI Sustainability Reporting Standards (GRI Standards).

Lar España also collaborates with MSCI-IPD and is present in its annual real estate index – IPD Spain Annual Property Index – which provides us with additional information and visibility within the real estate sector.


Lar España participates annually in the GRESB (Global Real Estate Sustainability Benchmark), a reference framework for the evaluation of environmental, social and governance (ESG) aspects in the real estate sector.

Lar España applies the “Best Practices and Recommendations” guide prepared by EPRA regarding the presentation, analysis and calculation of the main financial and non-financial indicators.

Since 2020, when the company joined the United Nations Global Compact by signing the letter of commitment, Lar España has continued to show its clear intention to align its sustainability/ESG strategy with the United Nations 2030 Agenda.

In 2021 the Company went a step further by developing a customized Action Plan in accordance with the stakeholders and other material issues within its scope of action and how they actively contribute to the achievement of the Sustainable Development Goals (SDGs).