14 de Junio de 2024
In a firm step toward sustainability and climate action, FINSA , a leading industrial park developer, announced its participation in the Science Based Targets Initiative (SBTi) . With this decision, the company reaffirms its commitment to reducing greenhouse gas (GHG) emissions and implementing strategies aligned with global goals to limit global warming to 1.5°C.
FINSA is the only Mexican company specialized exclusively in the development of industrial parks that is part of this initiative at the national level. Globally, only 59 companies have adopted the SBTi (Science Based Targets) program at the national level, and only five of these belong to the mixed real estate sector.
Throughout its history, FINSA has consolidated its leadership in promoting sustainable practices in the industrial real estate industry. Its portfolio includes industrial parks with high-impact environmental certifications, including the Environmental Quality Certification and multiple LEED-certified developments. Furthermore, the company is a member of the United Nations Global Compact, reinforcing its principles of sustainability and social responsibility.
The Science Based Targets Initiative (SBTi) helps companies and financial institutions set climate targets based on real scientific data. The idea is simple: align business practices with the Paris Agreement, which limits global warming to 1.5°C above pre-industrial levels.
Established through a collaboration between CDP, the UN Global Compact, the World Resources Institute (WRI), and the World Wide Fund for Nature (WWF), the Science Based Targets provide standards, tools, and guidance to facilitate the transition to a net-zero economy.
What is the net emissions reduction target?
The goal of net emissions reduction is to balance the amount of polluting gases released into the atmosphere with the amount that can be eliminated, either by reducing emissions or capturing them through technologies or natural solutions.
FINSA objectives before 2050
As part of its membership in SBTi, FINSA will establish short- and long-term emissions reduction targets aligned with climate science. Its goal is clear: to achieve carbon neutrality by 2050. To achieve this, it will implement innovative strategies that minimize its carbon footprint and promote sustainable practices throughout its value chain.
"The climate crisis demands concrete and measurable actions. At FINSA, we are committed to transforming toward a more sustainable business model, not only by reducing our emissions but also by driving change in the industry and among our strategic partners," said Rodolfo Morales, ESG Director at FINSA.
FINSA has been strengthening its sustainability strategy for years by adopting international standards such as ECOVADIS and SBTi. These initiatives allow the company to measure and improve its environmental, social, and governance performance, consolidating its position as a benchmark in the sustainable industrial sector.
Participation in Science Based Targets reinforces its vision for developing responsible and efficient industrial infrastructure, reducing environmental impact and promoting climate resilience in the sector.