Since at Vesta we view ourselves as members of the communities where we operate, we implement collaboration projects aimed at establishing a dialogue that allows us to identify local needs that present an opportunity for development.
All of Vesta’s community projects take into consideration human rights and gender equality criteria. The projects and strategies developed by Vesta prioritize the following lines of action.
Our three pillars:
Since 2013 we have invested more than US $750,000 in causes that have a social impact, benefiting both the communities where we operate and our stakeholders.
In order to carry them out, we have established strategic partnerships with organisms in civil society, clients, and suppliers. This has enabled us to increase the social and economic impact of our initiatives.
We have been implementing this project in collaboration with the Yo Quiero Yo Puedo Foundation, IMIFAP. It offers training in life skills and programs to prevent violence and addiction aimed at students, teachers, and parents. The goal is to help them make good decisions and promote a virtuous circle to strengthen the social fabric and community networks.
LOCATION: Huemantla in Tlaxcala, Ciudad Juárez in Chihuahua, and San Blas in the Estado de México.
In partnership with the Fundación ProEmpleo Productivo, we offer business training to young people between the ages of 15 and 29 aimed at strengthening their faith in themselves, their self-esteem, and the development of social and entrepreneurial abilities that will help them participate in a productive activity that enables them to be economically self-sufficient.
LOCATION: San Luis Potosí.
We have been working with this project to transform the lives of children between the ages of 3 and 15 in four communities in the municipality of Tlacotepec, Puebla, with programs focused on educating and protecting them.
LOCATION: Corporate Program
By implementing an innovative program with a strong psycho-educational basis—Early Algebra—we aim to have a positive impact on the ability of elementary school students to address different situations. The program also offers them the possibility of developing different tools to improve their full understanding of mathematics. This project will operate in the Cristobal Colón Elementary School, in the community of Montoro, in the state of Aguascalientes.
LOCATION: Aguascalientes, Aguascalientes.
In partnership with PAUTA, we strive to promote, with equality and excellence, the talent of children and young people in science. We do this through workshops, courses, and activities tailored to them, their parents, and their teachers that build a knowledge base through research, experiments, and analysis.
Given that at Vesta we are convinced that our employees are our company’s most valuable asset, we promote a culture of non-discrimination by reasons of race, ethnic group, gender, beliefs, religion, age, disability, or sexual preferences. Through this program we aim to include people with disabilities in our workforce.
LOCATION: Corporate Program
By implementing the mind the gap philosophy, it seeks to increase employment and development opportunities for girls and women in the municipality of Guadalupe, by promoting gender equality between men and women, and promoting the inclusion of women in all areas of life.
ALLIES: Instituto de las Mujeres de Guadalupe, Movimiento STEAM, MIND THE GAP/SFK
In collaboration with the Sueño Mexicano and Plurales programs, we strive to prevent violence and promote the social and human development of children and youngsters living under vulnerable conditions, enabling them to have a positive experience within their community. Likewise, several players in the private and public sectors are involved in this program, thus creating a healthier and better organized social fabric.
LOCATION: Tijuana, BC.
In partnership with Balloon Latam, we aim to foster the development of the local economy in one of the communities where we are present by strengthening its entrepreneurship and innovation ecosystems, promoting shared value among all involved players, and by reassessing the rural community’s entrepreneurship ecosystems.
LOCATION: Huejotzingo, Puebla, El Salto, Jalisco.
In collaboration with Construyendo and a group of our suppliers and/or contractors, we build homes and classrooms that benefit families in communities in the Estado de México.
LOCATION: Estado de México.
In order to improve the quality of life of low-income families and to promote volunteer efforts among our team in Tijuana, we built a home in collaboration with a promoter called WareMalcom and with suppliers and/or contractors.
LOCATION: Tijuana, BC.
Working hand-in-hand with the Fundación Comunitaria Bajio, we implemented a participative planning process to create joint projects and promote the local develoment of the community of Chichimequillas, in the state of Guanajuato. In order to ensure the project's sustainability, we worked to organize local groups made up of community members, authorities, and other organisms that will be in charge of following up on the actions carried out in collaboration with the foundation.
LOCATION: Silao, Guanajuato.
At Vesta, as part of our social and environmental commitment, we respect human rights, labor standards, environmental stewardship, transparency, and the fight against corruption at all our operations and in all our relationships with stakeholders.
For example, in 2011 we adhered to the United Nations Global Compact and were included in the Sustainability Index of the Mexican Stock Exchange. Starting in 2017, at Vesta we strive to have all our initiatives adhere to the 17 SDGs, thus assuming our role as a key player in the scope of those goals over which we have a direct or indirect impact.
We believe we have a direct impact on four of the goals because we carry out specific efforts to contribute to them. On the one hand, we have social initiatives that promote education and growth in the communities in which we are present; on the other, our operations employ state-of-the-art technology to make the consumption of natural resources more efficient and to reduce our environmental impact. The SDGs we have a direct impact on are:
Finally, a considerable part of our parks employ solar panels or wastewater treatment plants to make the consumption of natural resources at our own and our clients’ operations more efficient. Likewise, in order to increase the impact of our social initiatives, we have established strategic alliances with our clients and value chain, ensuring better results for our initiatives. The goals over which we have an indirect impact are:
At Vesta we actively encourage engagement with our stakeholders, taking into consideration the different cultural and social contexts in which we operate. To this end, in 2019 we updated our Materiality Assessment in order to identify those issues that are most relevant for and have the highest impact on our operation and stakeholders. Derived from the results of the assessment, we developed several actions and procedures that allow us to direct our efforts and budget to that which is most relevant for our business.
Based on the Materiality Assessment and other best national and international practices within our sector, we designed the Vesta ESG Strategy, in alignment to our Vesta Level 3 Strategy. The strategy will help us manage Vesta’s real estate properties in a comprehensive manner in a framework of shared responsibility with our stakeholders, particularly our tenants and suppliers. In order to manage the strategy in tandem with our stakeholders, we established a Stakeholder Engagement Program, which is an initiative that defines how Vesta and its divisions need to act with respect to their corresponding audiences, explains the specific commitments we need to make in order to improve the sustainable performance of our portfolio and activities, and defines the lines of communication with our main target audiences.
As part of our Stakeholder Engagement Program we developed specific actions in relation to our value chain. To this end, we assessed our 10 main contractors, using social and environmental criteria, to determine what they are doing wrong, what they are doing right, and where there is room for improvement. Likewise, starting in the second half of 2019 we included environmental and social components in our bidding processes in compliance with the Sustainable Construction Manual and a checklist. This enables us to measure environmental, social, and governance impacts of the construction process.
Finally, with the rest of our suppliers, we implemented a series of ESG Audits to detect areas for improvement and strengthen our value chain in terms of these issues.