For us, Environmental Social and Governance (ESG) means managing our corporate sustainability strategy, within which we develop our mission and strategic objectives in the environmental, social and governance areas to generate sustainable value in a transparent way for all our stakeholders and for society as a whole.
As part of our commitment to create a positive impact and give back to society, in 2018 we developed a Sustainability or ESG plan for the period 2019-2023. We seek to promote the Company’s Strategic Business Plan through differential actions aimed at business, employees and customers and have developed new actions over time, reaching a total of 50 actions, distributed in 17 areas supported by 6 strategic pillars:
The Plan channels the contribution Gmp’s business makes to the Sustainable Development Goals (SDGs)
promoted by the United Nations. Based on the Group’s activity and its commitment to social engagement
through its Foundation, three priority SDGs have been identified to which Gmp can make a significant contribution:
In 2021, we have expanded the commitments included in the CSR Plan 2019-2023, incorporating new initiatives derived mainly from the approval of the Carbon Neutrality Plan, which is an endorsement of our commitment to mitigate Climate Change and create environmentally sustainable spaces.
Since ESG occupies a strategic position in our management, the highest ESG governing body is the Board of Directors, which is responsible for approving the ESG Plan and Policy.
For us, it is essential to know and respond to stakeholders’ expectations and needs. In order to identify the relevant issues, we conducted a dual materiality study, which combines impact materiality and financial materiality. The study consists of:
-Identifying sustainability issues that are financially significant to Gmp, financial materiality, in order to identify relevant issues on which to focus its attention, aligned with its strategic objectives.
-Identifying sustainability issues that are material in terms of the real or potential significant impacts affecting Gmp (directly and through its value chain) on people or the environment; to strengthen the relationship with its different stakeholders.
12 material issues were identified in this study and the following matrix shows how they are prioritised.
The impacts of each of the material issues identified are ascertained, based on internal documentation and the key ESG reporting standards and trends, also taking into account analysis of the main peers in the sector.
The impacts identified are divided into:
They can be broken down into:
– Negative: They cause damage to the environment. 8 have been identified
– Positive: They produce a benefit in the environment. 13 have been identified.
Depending on whether the impact has a negative or positive effect on the company, a distinction can be made between:
– Risks: These have a negative financial impact on the company. 13 have been identified.
– Opportunities: These have a positive financial impact on the company. 7 have been identified.
Integrated Management System
At Gmp we have been awarded triple certification by AENOR for an Integrated Quality, Environmental and Occupational Health and Safety Management System for its activities:
In February 2021, we have renewed these certifications until 2024 in accordance with the UNE-EN-ISO 9001:2015 “Quality Management Systems”, UNE-EN-ISO 14001:2015 “Environmental Management Systems” and UNE-EN-ISO 45001:2018 “Occupational Health and Safety Systems” standards and maintain our differential position as the only Spanish real estate company to hold them.
The Integrated Management System represents Gmp’s commitment to ongoing improvement as a strategic value and management model for our Company, which undertakes to provide the necessary human and material resources, as well as to:
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