FIBRA Macquarie
At FIBRA Macquarie, we strive to employ the best practices in environmental sustainability, social responsibility and corporate governance (ESG). It is important to us that we support the communities in which we operate and that our buildings are safe and environmentally friendly. We also understand the importance of maintaining a culture of transparency and a corporate governance framework that closely aligns the management of the business with the interests of customers and investors.
Since FIBRA Macquarie commenced operations in 2012, we have been committed to implementing best ESG practices by continuing to improve and enhance our internal processes. We participate in the Global Real Estate Sustainability Benchmark (GRESB), a global ESG benchmark for real estate firms, to help assess the ESG performance of our properties and portfolio.
FIBRA Macquarie recognizes that the success of our business is based on maintaining our good reputation. It is very important to us that we earn and maintain the trust of our customers, vendors, financial service providers, regulators, certificate holders, employees and other stakeholders, including the communities in which we operate. With this in mind, we have established a solid ethical framework that is embodied in everything we do.
We maintain a culture of honesty and integrity that is captured in our code of conduct and corporate values, and is documented in ethics and anti-corruption clauses in the contracts we sign with customers and vendors.
Our staff operate according to the principles of opportunity, accountability and integrity whereby they seek to identify and realize opportunities for our customers and investors while acting openly, honestly and fairly, taking responsibility for their actions and never compromising our standards. This culture is at the center of how we conduct business.
FIBRA Macquarie’s ethics and anti-corruption program has the following key elements:
If you have any questions or concerns about FIBRA Macquarie’s ethics and anti-corruption program about FIBRA Macquarie’s operation, please contact the Integrity Officer/Compliance via email at compliance@fibramacquarie.com. Alternatively, contact can be made directly with the Audit and Practices Committee via email at auditcommittee@fibramacquarie.com. Any concerns or concerns will be treated with utmost confidentiality and will be dealt with quickly and fairly.
FIBRA Macquarie is committed to reducing the environmental impact of our properties by focusing on:
We are executing a number of projects, including:
Additionally, our leases include environmental clauses that outline responsibilities (both ours and our customers) for the storage of chemicals, management of hydrocarbon spills and other environmental risks.
FIBRA Macquarie is an active participant in various programs to help improve living conditions for people in the communities in which we operate. Through the Macquarie Foundation, the charitable arm of our manager, FIBRA Macquarie staff have participated in various campaigns including:
In addition, our internal property administration platform maintains an active program of recycling and charitable giving that is open to all of its staff.
FIBRA Macquarie is conscious of its obligations to its stakeholders. We believe that our business should operate in a manner that is transparent and fair, and be managed according to the highest ethical standards.
On an ongoing basis, we review and strive to continually improve our corporate governance standards. We have implemented a new corporate governance framework, and changes to the code of conduct, committee charters and a number of our policies and procedures. Additionally, our Technical Committee is currently 83% independent, which represents one of the highest levels of independence in the industry.
More information can be found on the Corporate Governance page.
FIBRA Macquarie has executed or been involved in a number of projects with the aim of improving various aspects of its corporate responsibility. The three projects below are the latest in our endeavor to continuously improve our organization and to ensure that we have a positive impact on the communities in which we operate.
FIBRA Macquarie´s commitment to the environment is reflected in the lighting replacement program. We now have LED lighting in the common areas of most of our retail shopping centers, reducing energy consumption by 40%.
In the industrial portfolio, we have installed energy-efficient T5, T8 or LED lighting, reducing our customers’ energy consumption. In addition, we have an ongoing skylight program through which we have installed new skylights and upgraded existing ones across the portfolio. This further reduces energy requirements by allowing our customers to operate using natural light.
The Macquarie Group Foundation works on a range of initiatives to build the sustainability of non-profit organizations. These include assisting with growth strategies, sharing employee skills with the sector and supporting programs that make the sector more efficient. The Macquarie Group Foundation:
In Mexico City, FIBRA Macquarie staff partner with the Foundation to give back to the local community. After the tragic earthquakes in September 2017, FIBRA Macquarie staff worked with World Vision to support children in one of the worst-affected areas of Mexico City. The event provided an opportunity for staff to work with children who were affected by the events and whose schools and daycare centers had been damaged or destroyed. World Vision provided a safe space for children to recover from the events, resume their daily activities and get the support they required.
FIBRA Macquarie positively impacts the environment by reducing water consumption through the use of endemic species and efficient drip irrigation in the landscaping of its buildings. This reduces water consumption and aesthetically enhances the portfolio.
