ESG AND THE TRANSFORMATION OF THE REAL ESTATE INDUSTRY
The real estate industry is one of the largest sectors of the global economy, representing a significant share of assets and investments worldwide. However, the environmental and social impact of this industry is dire, due to high energy consumption, construction waste, water consumption, and air pollution. In response to these challenges, more and more real estate industry players are turning to Environmental, Social, and Governance (ESG) to help transform this industry into a positive force for society and the environment. It will also be one of the key themes addressed at MIPIM, the world’s leading real estate market event, held in Cannes, France from March 14 to 17, 2023.
At VMCASA, we are proud to share the actions the company has taken toward ESG considerations in the real estate industry. We believe that real estate has a vital role to play in creating a sustainable future and promoting social inclusion.
In response to these challenges, we have focused on representing environmentally friendly and self-sustained properties with a minimal carbon footprint. These properties are powered by solar energy, and we have taken steps to ensure that their water sources are managed in a way that preserves the wellness of the water, recognizing its fundamental value for the ecosystem and human well-being. By promoting sustainability in real estate, we believe that we can contribute to the well-being of both people and the planet.
Located at the prestigious Hacienda Arrayanes gated community (30 mins from the airport), this 11,841 SF (1100 m²) mansion, sits in a 1.75 acre (76,736 SF) of lush gardens, 6 BED/7 BATH, luxury entertainment and spa amenities, pool, deck, memorizing views, and beautifully curated contemporary art collection with all Colombia's top artists like Botero, Caballero, Obregon, Negret and many more.
Located at the superb Mirador de la Fe gated community (25mins from the airport), a 52,000 sq ft newly renovated fabulous estate in El Retiro. This 5,317 sq ft modern villa includes 3BED/4 BATHS, natural luxury amenities, a circular muizca organic garden, a mini native forest, your own water, a gorgeous sun deck with an outdoor dining area, and spectacular views of the Andes mountain range. This estate offers ease into Medellin living adding a luxury 4BD condo in the posh El Poblado, electric cars, and more.
Located at the sought-after Mirador de la Represa gated community (35mins from the airport), this a massive 2.47 Acre (107,640 SF or 10,000 m²) estate in El Retiro looking directly at the La Fe dam (lake-like views). This 3,229.17 SF sq ft modern villa includes 3BED/3BATHS, 2 terraces, natural luxury amenities, a native forest, your own water, a duck pond, and hydroponic growing house, sun deck with an outdoor dining room and spectacular views of the La Fe dam and the Andes mountains. The amenities include a lovely waterfall, hiking trail, lookout, and dining al fresco areas.
In addition, we recognize the importance of social inclusion and promoting diversity in the workplace. As such, we actively support minority and women-owned businesses and vendors, and we work to encourage the next generation of women in commercial real estate through our work with the CREW scholarship fund.
We strive to uphold the highest ethical standards in all aspects of our business operations. By being transparent and adhering to clear standards, information disclosure, and compliance processes, we aim to ensure that our business is conducted in a fair and ethical manner.
Our commitment to integrating ESG into our business strategy is rooted in our belief that this approach will contribute to a better world and ensure the long-term success and sustainability of our business. We hope that our actions will inspire other real estate industry players to join us in this important endeavor and help drive positive change in the industry. As a testament to our dedication, we look forward to showcasing our environmentally-friendly and socially responsible properties and sharing our experiences and insights with other industry players during #MIPIM2023.