{"id":242,"date":"2021-11-24T19:14:52","date_gmt":"2021-11-25T01:14:52","guid":{"rendered":"https:\/\/advancerealestate.wpcomstaging.com\/?p=242"},"modified":"2025-05-20T13:16:41","modified_gmt":"2025-05-20T19:16:41","slug":"learn-about-advance-real-estates-esg-principles","status":"publish","type":"post","link":"https:\/\/advance-realestate.com\/adblog\/en\/learn-about-advance-real-estates-esg-principles\/","title":{"rendered":"Learn about Advance Real Estate’s ESG principles"},"content":{"rendered":"
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\n \t<\/i> Read Time:<\/span>3 Minute <\/div>\n\n <\/div>\n

ESG principles, or environmental, social, and governance criteria, are how an organization implements its philosophy on human rights and resources, market behavior, corporate governance, the environment and community involvement.<\/p>\n\n\n\n

On many occasions, most recently the 2020 crisis, companies with ESG principles<\/mark><\/strong><\/a> tend to be more resilient to economic,\u00a0environmental and social\u00a0crises because they offer their clients more than just a financially viable alternative. They demonstrate their social commitment, strengthening business relationships and their corporate reputation.<\/p>\n\n\n\n

Along with our seal of quality and trust placed on our parks, one of our most important projects has been the 2020 materiality analysis which studied and evaluated the most impactful factors according to our stakeholders. <\/em><\/p>\n\n\n\n

This analysis will help us outline a strategy to grow through implementing the bestglobal practices in environmental, social and corporate governance matters.<\/p>\n\n\n\n

Additionally, this analysis identified our contribution to the United Nations Sustainable<\/mark><\/strong><\/a> Development Goals regarding ESG<\/mark><\/strong><\/a> issues in 2020.\u00a0<\/p>\n\n\n\n

Our ESG principles<\/h2>\n\n\n\n

1. Social impact<\/h3>\n\n\n\n

Diversity and inclusion<\/p>\n\n\n\n

Diversity makes us stronger, so we work to ensure full and effective participation regardless of gender within the company, promoting equal access to leadership opportunities at all company levels and equal pay for equal work.  <\/p>\n\n\n\n

Likewise, we hire regardless of disability, age, gender, race, ethnicity, origin, religion, economic situation or any other legally recognized condition or status.<\/p>\n\n\n\n

Customer satisfaction<\/p>\n\n\n\n

We seek to foster long-term relationships based on communicating with tenants and on providing valuable services to our tenants. To measure our success and identify ways we can improve, every year we conduct a survey that informs our action plan to raise satisfaction levels.<\/p>\n\n\n\n

Building quality and safety<\/p>\n\n\n\n

Offering safe and quality industrial spaces is part of our DNA. In 2020, we carefully documented our internal control processes to ensure adequate quality and safety standards, and to address risk management and compliance with internal policies.  <\/p>\n\n\n\n

Contribution to our surrounding communities<\/p>\n\n\n\n

We are proud to support the surrounding communities through initiatives that promote education and well-being. As a recent example: we provided six elementary schools in Garcia, Nuevo Leon the opportunity to assist in the construction of multipurpose courtyards that were subsequently delivered in January 2021.  <\/p>\n\n\n\n

2. Corporate governance<\/h3>\n\n\n\n

Board of Directors <\/p>\n\n\n\n

Board of Directors is composed by 3 people: 2 independent members, and 1 member representing our shareholder, PSP Investments<\/p>\n\n\n\n

Business Ethics<\/p>\n\n\n\n

Integrity is one of our corporate values. We operate in an industry that has been perceived as high-risk in terms of business ethics given all the interactions between different stakeholders that take place throughout the investment cycle of a real estate property. We intend to upkeep all our stakeholders to the highest ethical standards, as we believe that is the best way to conduct business.<\/p>\n\n\n\n

One initiative about updating the existing Code of Ethics and have annual training with the following topics: Advance\u2019s Ethics code, FCPA, and Anti-Bribery laws. Our new Code of Ethics now includes a wider variety of topics including our values, integrity, openness, passion, our culture, among other things.<\/p>\n\n\n\n

Employee Satisfaction<\/p>\n\n\n\n

As part of the corporate governance initiative, we are working in Employee Satisfaction reporting wellness, training, education, and human rights assessment. And making activities related to employees.<\/p>\n\n\n\n

3. Sustainable development<\/h3>\n\n\n\n