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Social Impacts (communities, neighbors
1.2.2.1 Impact investments
CONTENT GRI 102-2
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We generate impact investments that drive sustainable development in order to establish ourselves as agents of change in the region.
We prioritize investments in each of the Business Units, based on the global and regional needs we have identified, that have a significant impact on resilience to climate change, promote the competitiveness of the countries and create opportunities for progress and well-being.
Energy Division
We are the largest private generator of renewable energy in Central America, with diversified operations in Guatemala, Costa Rica, Honduras, Nicaragua and El Salvador. We focus on the production and reliable supply of renewable energy, operating with high quality standards and care for the environment, as distinctive elements that establish our leadership in the sector and allow us to be a valuable reference point for our stakeholders. Thus, we contribute to diversifying and decarbonizing the energy matrices of our countries, allowing access to renewable and affordable technologies that mitigate climate change for the population.
Real Estate Unit
We facilitate access to housing and public spaces that promote the progress and well-being of people, to keep our leadership in the real estate sector of Guatemala. We focus on creating innovative and safe real estate concepts, where customers and visitors are the main beneficiaries and promoters. In addition, we revitalize the local economy by giving priority to SMEs in the region acquiring our goods and services. With our network of shopping malls, we support the social and economic development of more than 600 small and medium-sized companies.
Finance Unit
We are providers of long-term funding solutions, which support the growth of the other units of CMI Capital. We also provide savings, credit and insurance facilities or solutions for CMI clients, suppliers and executives.
Our main clients are the companies that are part of CMI Capital, in the food, energy, industry and construction sectors as well as individuals.
Our financial products are targeted not only at group associates, to whom we offer benefits and facilities as members of the corporation, but also to our customers and suppliers. Some of the advantages we offer are financing the first home and to buy equipment to make their business grow. On the other hand, financing the corporation’s suppliers includes support for SMEs that sometimes do not have access to bank financing, and, taking advantage of the CMI ecosystem, they can be given solutions that provide them with working capital to grow. It is important to note that we are actively participate in financing renewable energy of the Energy Division that comply not only with the local standards, but also with the best practices from entities such as the IFC and IDB. W e strive for speed and opportunity in decision-making, prioritizing efficient actions that allow us to prevent and mitigate negative consequences on the social and environment capital of the region. To this end, we ensure strict compliance with the laws and regulations in each place where we operate, while constantly monitoring the measures established in the Environmental Impact Studies and the commitments adopted with the competent authorities on environmental and social matters.
In the face of our environmental commitment:
• We have taken permanent measures to reduce and offset our carbon footprint, reduce energy consumption and greenhouse gas emissions.
1.2.2.2 Sustainable Operations
CONTENT GRI 102-11
We have a preventive, proactive and forward-looking approach to manage potential events that may have negative impacts on the environment and society.
• We implement strategies to manage our water footprint by optimizing water consumption and efficient effluent treatment. • We have also taken actions to minimize short-term waste generation and to achieve the ambitious medium-term zero waste goal through circular waste management strategies. • We carry out programs for the conservation of biodiversity by promoting policies, and monitoring guidelines and mechanisms in all our operations and value chain.
In the face of our social commitment to communities:
• We develop projects and actions that strengthen the closeness and trust with the communities neighboring the projects. • We have policies and guidelines that allow us to control any external problem that the communities in the areas neighboring our projects may perceive. • We keep permanent relationship strategies with the communities close to our projects to ensure that we listen to and meet their expectations on sustainability. • We implement cultural heritage conservation and employment programs with policies and guidelines designed for the needs of each community.