Mexico City, June 27th, 2022 – Terrafina (”TERRA”) (BMV: TERRA13), a leading Mexican industrial real estate investment trust (“FIBRA”), externally advised by PGIM Real Estate and dedicated to the acquisition, development, lease and management of industrial real estate properties in Mexico, announced today the publication of its first S&P ESG Evaluation Report, an analysis of how ESG factors could affect stakeholders and potentially lead to a material direct or indirect financial impact on the company.
Terrafina is the first Mexican REIT to make this report public. It can be found in the following link: Terrafina S&P Evaluation Report.
Terrafina received an overall score of 65 points, above LatAm’s average score (53 points) and in line with LatAm’s average score for the real estate sector (65 points). Moreover, the final score includes a 2 point premium granted on the basis of adequate preparedness in Terrafina’s management team and Technical Committee.
Alberto Chretin, Terrafina’s CEO, commented: “We are pleased with the result of our first S&P ESG Evaluation Report. We have been continuously working on improving our ESG strategy, and through this recognition, we are positioned at a higher level thanks to the efforts, experience, and dedication of our management team. Going forward, we will continue to focus on having better ESG practices benchmarked against global standards, which will allow us to ensure the execution of an optimal strategy aligned with all our stakeholders.”
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