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2. Real estate developmento: we improve
(GRI 102-14)
The SDGs that we consider relevant for our work are: • 6 Clean water and sanitation, to promote sustainable use of water resources. • 7 Affordable and clean energy, to facilitate access to clean energy. • 8 Decent work and economic growth, to contribute to job creation, drive entrepreneurship and the growth of
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MSMEs. • 9 Industry, innovation and infrastructure, to generate investments in resilient infrastructure. • 11 Sustainable Cities and Communities, in order to access sustainable housing and public spaces. • 13 Climate Action, to contribute to mitigate climate change by generating renewable inputs. With these activities, our purpose is not only to support the achievement of the UN Global Compact and become agents of change in the region by positively investing in the economic, environmental and social fields “generating impact investments that drive sustainable development.” Our investments also give us a competitive profitability with which measurable social and environmental benefits are obtained. For several years, we have been offering business solutions to the problems that afflict our countries with our capacity for innovation and finding cost-effective solutions. Through our Energy Department, we invest in renewable energy that avoids the emission of 1153000 tons of CO2 per year, for 2019, according to the latest data, given by local teams. This is an important contribution to the mitigation of climate change and the easy access to clean technologies. Our contribution focuses on the diversification and decarbonization of energy matrices so that people in the countries in which we operate may access renewable and affordable technologies. Through the Real Estate Development Business Unit we contribute to the development of real estate projects, promoting access to housing for the population segments at the base of the pyramid. With the network of shopping malls we support the social and economic development of more than 600 small and medium-sized companies. With the Finance Business Unit , we make high-impact investments viable with the use of alternative funding sources. We want to become a benchmark for high-impact investments, increase the value of our equity and mitigate risk with an ecological and socially responsible footprint. Today, more than ever, we continue to work for the health and safety of our associates, neighbors and strategic partners to remain agents of change providing solutions to some of the problems in the region.
Let’s move forward!
ENRIQUE CRESPO CEO CMI Capital
*Total emissions avoided by CMI Capital, including the solar plants of Bósforo - El Salvador (CMI owns 50% of the shares). Because these plants are operated/managed by our partner, they are not part of this report.