From that very first moment, we set ourselves the goal of applying the most demanding ESG standards in the market. Today, nine years later, we are one of the few Spanish real estate companies that have certified their entire portfolio with BREEAM, the leading independent international method for measuring environmental sustainability in buildings. We were also the first listed real estate company to receive the Reduzco seal of approval from the Ministry of Ecological Transition and Demographic Challenge for the cumulative decrease in our carbon emissions.
Chairman of Lar España
Based on the integration of ESG criteria and the creation of shared value. The vision of sustainability for Lar España is articulated in the ESG Master Plan with 4 fundamental pillars:
100% of the Company’s debt is “Green”.
It promotes the management of ESG competencies in the different departments of the Company. The Committee is made up of a cross-cutting senior management team with managers from different departments involved in asset management, who work to establish a common strategy for all of them.
Public environmental information is prepared in accordance with the Global Reporting Initiative (GRI) Sustainability Reporting Standards.
The sustainability information published by the company has been externally reviewed by a third party (KPMG) with a limited scope of review and with reference to the GRI Sustainability Reporting Standards (GRI Standards).
Lar España also collaborates with MSCI-IPD and is present in its annual real estate index – IPD Spain Annual Property Index – which provides us with additional information and visibility within the real estate sector.
Lar España participates annually in the GRESB (Global Real Estate Sustainability Benchmark), a reference framework for the evaluation of environmental, social and governance (ESG) aspects in the real estate sector.
Lar España applies the “Best Practices and Recommendations” guide prepared by EPRA regarding the presentation, analysis and calculation of the main financial and non-financial indicators.
Since 2020, when the company joined the United Nations Global Compact by signing the letter of commitment, Lar España has continued to show its clear intention to align its sustainability/ESG strategy with the United Nations 2030 Agenda.
In 2021 the Company went a step further by developing a customized Action Plan in accordance with the stakeholders and other material issues within its scope of action and how they actively contribute to the achievement of the Sustainable Development Goals (SDGs).
Public environmental information is prepared in accordance with the Global Reporting Initiative (GRI) Sustainability Reporting Standards.
The sustainability information published by the company has been externally reviewed by a third party (KPMG) with a limited scope of review and with reference to the GRI Sustainability Reporting Standards (GRI Standards).
Lar España also collaborates with MSCI-IPD and is present in its annual real estate index – IPD Spain Annual Property Index – which provides us with additional information and visibility within the real estate sector.
Lar España participates annually in the GRESB (Global Real Estate Sustainability Benchmark), a reference framework for the evaluation of environmental, social and governance (ESG) aspects in the real estate sector.
Lar España applies the “Best Practices and Recommendations” guide prepared by EPRA regarding the presentation, analysis and calculation of the main financial and non-financial indicators.
Since 2020, when the company joined the United Nations Global Compact by signing the letter of commitment, Lar España has continued to show its clear intention to align its sustainability/ESG strategy with the United Nations 2030 Agenda.
In 2021 the Company went a step further by developing a customized Action Plan in accordance with the stakeholders and other material issues within its scope of action and how they actively contribute to the achievement of the Sustainable Development Goals (SDGs).
