Sustainability
Process conducted for the materiality exercise
Pei AM and Pei's identified stakeholders
Materiality matrix and material issuesof Pei AM's Corporate Sustainability Model
To address the environmental and climate challenges society is facing, Pei’s asset manager has initiated a series of programs designed to enhance the eco-efficiency of its real estate portfolio.
These initiatives primarily focus on reducing energy consumption derived from non-renewable sources, as well as implementing effective water and waste management strategies. The overall goal is to contribute to the reduction of Pei’s carbon footprint and mitigate the environmental impacts of climate change.
To which SDGs does it contribute?
What initiatives support it?
Pei’s asset manager adhered to Colombia’s National Roadmap for Net Zero Carbon Buildings, established by the Ministry of Environment and Sustainable Development, which seeks carbon neutrality of buildings in the country by 2050. To contribute to this objective, the asset manager has been making efforts since 2020 to measure the carbon footprint of the portfolio and carry out technical diagnoses in order to identify opportunities for improvement in terms of consumption and comfort.
Risk management is essential for ensuring business continuity. Therefore, Pei conducts periodic assessments of its exposure to risks, considering the economic, industry, and regulatory environment in which the company operates. This proactive approach enables the implementation and enhancement of risk prevention and management strategies.
¿A qué ODS contribuye?
To which SDGs does it contribute?
The asset manager performs assessments regularly to update Pei’s operational and strategic risk matrices, with the aim of enhancing or introducing new o stronger controls. As part of this process, in 2023, Pei AM implemented new controls to prevent information and cybersecurity risk. Additionally, the company issued a comprehensive Technology, Information and Cybersecurity Policy to guide Pei Asset Management employees in securing information.
Likewise, the asset manager is building a climate associated risk matrix to identify measures to protect the real estate portfolio.
Furthermore, Pei Asset Management is implementing initiatives to digitize and modernize Pei’s operational processes to mitigate operational risks, human error, and maintain a leadership position in digital practices.
In addition to these initiatives, the vehicle’s risk management is supported by its corporate governance and control architecture integrated by the different agents involved in Pei’s administration. To learn more, see the Corporate Governance Section.
Economic growth and soundness are part of the main interests of Pei and its stakeholders. Therefore, Pei Asset Management works to promote market conditions that drive the growth of Pei, its investors, tenants, suppliers and community.
To which SDGs does it contribute?
What initiatives support it?
To achieve profitable growth while positively impacting the community, the asset manager actively participates in modernizing and strengthening Colombia’s capital market and real estate industry, through its presence in guilds and associations. Together with other participants of similar interests, regulatory proposals and good practices are promoted. Learn more in the Annual Report and Sustainability Report
Pei Asset Management team recognizes the importance of investing in the training and well-being of its people. By fostering a culture of development and support, the asset manager aims to cultivate a committed workforce equipped with the adaptability and agility necessary to drive Pei’s strategy successfully.
To which SDGs does it contribute?
What initiatives support it?
Wellbeing and commitment of talent
Pei Asset Management prioritizes the health and safety of its employees. Therefore, the asset manager has implemented a comprehensive Occupational Health and Safety System, and a benefits package designed to foster employee well-being and overall development.
Professional Development and Career Plan
To cultivate and retain top talent, Pei Asset Management is committed to enhance the technical and managerial capabilities of its workforce. These skills are essential for employees to grow in their roles and adapt to emerging technologies and industry trends. The asset manager provides the tools to its workers to become the protagonists of their career through the joint definition of career plans. Also, training and educational benefits to promote the continuous updating of knowledge are offered or financed by the company.
Diversity, Equity, and Inclusion
Pei Asset Management recognizes the importance of a safe and inclusive workplace for its team. It pursues to implement mechanisms that guarantee freedom of thought and expression, as well as the inclusion of people in their diversity. A diverse space increases innovation and creativity and provides comfort and freedom to the work team to generate ideas. Pei Asset Management is committed to foster a secure and inclusive work environment where all employees feel empowered to think and express themselves freely, believing that diversity is essential for innovation and creativity.
Pei and Pei Asset Management recognize their role in positively impacting its stakeholders. To foster their well-being and sustainable growth, the asset manager implements strategies to encourage the adoption of ESG practices, believing that working collaboratively with stakeholders, promotes mutual growth and development.
To which SDGs does it contribute?
What initiatives support it?
Tenants
Pei provides tenants with more than just physical space; the company aims to contribute to the stabilization, execution, and growth of their businesses. Through its Flexible Spaces strategy, Pei offers tenants design and modelling of their facilities, furniture, and facility management services. This approach empowers tenants to concentrate on their core business operations without the added complexities of real estate management.
Suppliers
Suppliers are essential stakeholders in the development, operation, and maintenance of Pei’s assets. As such, fostering practices that optimize service delivery is priority. Pei is committed to supplier development through regular evaluations and feedback.
Community
Pei and its asset manager aim to enhance the well-being of communities where the company operates. Therefore, it promotes partnerships and synergies with stakeholders. This collaborative approach seeks to generate a positive impact on the communities surrounding the Pei’s assets.
Responsible investments are fundamental to build a stable and long-term business. High-quality real estate assets serve as catalysts for economic growth of the country by providing facilities and buildings for various industries. Such assets also impact positively both users and the surrounding community.
Recognizing the importance of these factors, Pei incorporates the evaluation of environmental, social, and governance (ESG) criteria into its investment decision-making process. This approach ensures alignment with stakeholder expectations and comprehensive risk management for sustained business operations.
To which SDGs does it contribute?
What initiatives support it?
The asset manager integrates economic, environmental, social, and governance factors into the evaluation and selection of investment opportunities, aligning with the Principles for Responsible Investment (PRI), of which Pei Asset Management is member.
