Double Materiality

We updated the materiality study we conducted in 2023. This update includes the adoption of double materiality, an approach that reflects both impact materiality and financial materiality.

This step marks an important milestone in our commitment to transparency, sustainability, and strategic governance. By integrating double materiality, we are aligning our decision-making with the expectations of our stakeholders and addressing material issues throughout our entire value chain.

What does double materiality involve?

Double materiality considers two key perspectives that are crucial for comprehensive decision-making:

Stakeholders

At Grupo FRISA, we conduct a thorough analysis to identify the various stakeholders with whom we engage. Based on this assessment, we design communication and engagement strategies that enable us to effectively respond to their needs and expectations. This approach reflects our ongoing commitment to corporate responsibility and a customer-focused service.

Our main objective is to build and maintain strong, transparent, and long-lasting relationships with all our stakeholders. To achieve this, we promote clear communication, provide timely information, and encourage active participation in our initiatives and decision-making processes.

Standards

Data-driven materiality analysis:

At Grupo FRISA, updating our materiality assessment was crucial, as this new framework allows us to better manage our impacts, identify key risks and opportunities, and reinforce our commitment to sustainable practices.

Our materiality matrix:

Our strategy

We developed our sustainability strategy based on three pillars:

Grupo Frisa, through its FRISA Consciente program, has demonstrated a clear commitment to sustainability, integrating environmental, social and governance (ESG) criteria into its business model. Building on this effort, the company has developed a sustainability strategy aligned with the Sustainable Development Goals (SDGs) and the three strategic pillars defined by the organization.

This strategy aims to consolidate Grupo Frisa’s goals and actions to generate positive impact from an environmental, social, and governance perspective, while strengthening its leadership in the real estate sector.

Our Commitment to the SDGs

The 2030 Agenda of the United Nations establishes 17 Sustainable Development Goals (SDGs), comprising 169 interconnected targets aimed at promoting comprehensive development in the economic, social, and environmental spheres.

Grupo FRISA is committed to conducting its operations in full alignment with the Sustainable Development Goals. While all 17 goals are relevant to our company, we have identified 9 in which our actions have a particularly significant impact: