At Acosta Verde, we take the responsibility of managing our environmental resources with a comprehensive and sustainable approach. We recognize that our operations impact the environment and at the same time, the environment influences the long-term viability of our developments. Therefore, we have established clear strategies to minimize our environmental footprint and strengthen the sustainability of our commercial spaces.
3-2
Among our main achievements in 2024, we highlight the renewal of energy-efficient equipment, training of our personnel on environmental topics, and the ongoing implementation of our recycling and carbon emission reduction programs. These actions reflect our commitment to climate change mitigation and the optimization of natural resources within our operations.
Information presented below corresponds to the common areas within the 18 shopping centers in our portfolio. It is worth mentioning that in those cases where the data includes the operation of third parties, an explanatory note was added.
3-3
IF-RE-450a.2
At Acosta Verde, we recognize the impact of climate change and the importance of adopting measures to mitigate its effects and adapt to its challenges. We are committed to responsibly managing our energy resources, reducing our carbon footprint, and strengthening the resilience of our operations to extreme weather events. Through energy efficiency, the use of sustainable technologies, and the reduction of greenhouse gas emissions, we seek to minimize our environmental impact and actively contribute to building a more sustainable future.
Our Environmental Policy guides our actions towards sustainability, ensuring the implementation of the best practices in energy efficiency, water management, waste management and biodiversity. Through our sustainability strategy, we work continuously to reduce our environmental impact, thus ensuring sustainable development for future generations.
Some of the main commitments of the policy are as follows:
To learn more about our policy visit our web site.
3-3, 302-1, 302-2, 302-3, 302-4, CRE1
IF-RE-130a.2, IF-RE-130a.5
At Acosta Verde, we recognize the importance of efficient energy management to reduce our carbon footprint and contribute toenvironmental sustainability. As part of our strategic ESG goals, we are working to reduce the energy intensity of our shopping centers by 20% by 2030.
In order to reach this goal, we have implemented several initiatives such as the installation of LED lighting in the common areas of the portfolio, solatube technology, renovation of refrigeration equipment for air conditioning operation, among others. We will continue to make efforts in the following years in order to reach our goal of 20% reduction in energy intensity.
¹The information contained in this section, particularly that relating to goals, projections or expectations about Acosta Verde’s future energy performance, may contain forward-looking statements that involve risks and uncertainties. These statements reflect estimates based on reasonable assumptions as of the date of this report, but are not guarantees of future results. Factors such as changes in energy regulation, operating conditions, technological advances, availability of resources, as well as external economic and environmental variables, could cause actual results to differ materially from those anticipated herein. Acosta Verde undertakes no obligation to update such forward-looking statements, except as required by applicable law.
As part of our strategy, we minimize the environmental impact of our processes and seek alternatives that reduce greenhouse gas emissions. Through innovation and continuous improvement, we work to make our operations sustainable.
(Gj/sqm occupied GLA)
Note: The energy conversion factors used in this analysis correspond to standardized energy constants commonly used in thermodynamic studies.
³Includes the energy intensity of the complete Portfolio considering new shopping center openings.
3-3, 305-1, 305-2, 305-3, 305-4, 305-5
At Acosta Verde, we are committed to reducing our greenhouse gas (GHG) emissions and the environmental impact of our operations. We implement constant monitoring and measurement of our carbon footprint through an emissions inventory, which allows us to establish effective mitigation strategies. We promote energy efficiency and adopt sustainable technologies to minimize our emissions.
During 2024, the coverage of Scope 3 information corresponds mainly to:
tCO2e / sqm Occupied GLA)
*Notes on Emissions Calculation
306-1, 306-2, 306-3, 306-4, 306-5
The waste generated in our portfolio comes from our operations, visitor traffic and tenant operations. At Acosta Verde, we take a responsible approach to waste management and handling, aligned with Circular Economy’s principles. Our goal is to minimize waste generation and reduce the amount sent to landfills through recycling and material recovery strategies.
We implement monitoring and measurement processes to optimize waste management in our operations, promoting the efficient use of resources and reducing environmental impact. We also promote awareness and training for our employees and strategic partners to encourage the best environmental practices.
(tons)
*PET and bottle caps collected, in addition to the figures for the portfolio with this program, also includes the figures for a third party managed shopping center.
(tons)
Since 2019, we have implemented the “Reciclar para ganar” (“Recycle to Win”) recycling program in alliance with Grupo AlEn, with the objective of encouraging visitors to our Plaza Sendero shopping centers to recycle PET bottles and bottle caps. Currently, this initiative operates in five of our shopping centers, promoting the revaluation of plastic waste and offering an economic benefit to participants.
Through this program, visitors can deposit PET or HDPE containers at the collection centers and receive redeemable electronic money at mall establishments. Grupo AlEn is responsible for collecting the containers and transporting them to its PET recycling plants.
Thanks to this initiative, during the year we were able to recycle approximately 4.18 tons of PET, equivalent to 134,056 bottles, thus avoiding the emission of 7,289 tons of CO2 into the atmosphere.
We maintain containers for the collection of plastic bottle caps in the five Plaza Sendero shopping centers in the metropolitan area of Monterrey, as well as in Plaza Sendero Sur in Saltillo. All the plastic bottle caps collected were donated to Banco de Tapitas A.C., contributing to the support of treatments for children with cancer.
3-3, 303-1, 303-2, 303-3, 303-4, 303-5
IF-RE-140a.2, IF-RE-140a.4
We have developed and implemented various strategies to optimize water consumption, ranging from training and awareness-raising among our employees and tenants, to the use of water recovered from cooling towers and air conditioning condensate for reuse in the Extracción de agua por tipo de fuente 458,980 (m3 of water) irrigation of green areas.
We remain committed to our water consumption reduction goals for 2030, with the objective of reusing 30% of the water consumed and reducing the water intensity of our portfolio by 20%. This year, we made progress in this direction, achieving a 9% water reuse rate.
During 2024, we reinforced awareness of key environmental issues, focusing on water conservation, energy efficiency and waste management. These initiatives targeted shopping center employees, including security, cleaning, parking, maintenance, and administration.
(m³)
¹100% of the water consumed corresponds to areas with some degree of water stress.
In 2024, water consumption in the common areas of our portfolio reached 493,344 m3. Of this total, we were able to recover and reuse 46,585 m3 for the irrigation of green areas, while the remaining 446,759 m3 were discharged to the municipal sewage system in compliance with current regulations.
(m³ of water / sqm Occupied GLA)
²Considers consumption of water from common areas owned by Acosta Verde.
Driven by growth in occupancy and traffic at our shopping centers.
(m3 of water)
Water intensity of common areas increased 22% compared to the base year 2020. Considering the total portfolio, the water intensity of common areas recorded an increase of 22% compared to 2020, driven by the growth of affluence in our plazas and the opening of two new shopping centers.
We reaffirm our commitment to continue evaluating and implementing new water initiatives that contribute to optimizing the consumption and efficient use of water in our operations.
At Acosta Verde, we are committed to protecting and preserving biodiversity in all our operations and development projects. We carefully evaluate the environmental impact before initiating any new project, ensuring compliance with current regulations and prioritizing development in previously impacted areas to minimize impacts on local f lora and fauna.
Likewise, we avoid intervening in Protected Natural Areas and work actively to reduce any negative impact on the ecosystem. Our goal is to ensure a balance between the growth of our company and the conservation of the environment, contributing to a more sustainable future.