Fibra Educa Announces Its First Loan Linked to Sustainability

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.