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Fibra Educa Announces Its First Loan Linked to Sustainability

  • Fibra Educa, the first real estate vehicle of its kind in Mexico, has updated its ESG objectives towards 2030, focusing on sustainability and obtaining environmental certifications for 20% of its reported area. 
  • Fibra Educa aims to allocate 1.35% of its rental income to social initiatives, including an educational scholarship program, benefiting up to 812 students.
Fibra Educa has a portfolio with 538 thousand 382 m2 of rentable area. Photo: Fibra Educa
Fibra Educa has a portfolio with 538 thousand 382 m2 of rentable area. Photo: Fibra Educa
By: SiiLA News & SiiLA News
12/08/2022
Fibra Educa, the first real estate vehicle of its kind in Mexico, announced that its first syndicated loan is linked to sustainability, leading to updated environmental, social, and governance (ESG) goals by 2030.  

In an announcement published on the Mexican Stock Exchange (BMV), the company outlined its commitments, including obtaining environmental certifications for at least 20% of its reported gross leasable area (GLA) by the second quarter of 2022, which stood at 532,926 square meters (m2). 

These efforts aim to reduce energy and water consumption, as well as carbon emissions in their properties. Fibra Educa also achieved its first EDGE Advanced certification in Torreón, Coahuila. 

Another objective is to allocate 1.35% of their rental income to their social pillar, creating an educational scholarship program through the Fibra Educa Foundation, benefiting up to 812 students. 

The real estate investment trust's resources for this initiative were approved by the holders of their real estate trust certificates (CBFIs).  "With this, we reaffirm our commitment to strengthen our actions under an environmental, social, and governance strategy aligned with the criteria of our stakeholders," stated the administration of Fibra Educa in the press release.  

As of September of the previous year, the real estate firm had built a portfolio with 538,382 m2 of leasable area, spread across 65 properties, predominantly in the education sector.

Read the full article in Spanish: Link
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