SANTIAGO, Chile--(BUSINESS WIRE)--Parque Arauco S.A. (SSE: PARAUCO) (Bloomberg: PARAUCO:CI) (“Parque Arauco”) announces that for the second consecutive year it is the only Latin American real estate company in the Chile and Emerging Markets Dow Jones Sustainability Index (“DJSI”). Only five Chilean companies are in the emerging markets index.
“We are pleased to be considered in these types of indices that are recognized for their rigor and independence. We want to continue reviewing our sustainability practices against the most rigorous criteria and the most demanding sector practices in the world,” stated Juan Antontio Álvarez, Executive Vice President of Parque Arauco.
About the Dow Jones Sustainability Index
The Dow Jones Sustainability Index is one of the most rigorous and well respected indices in the world. Its methodology independently evaluates more than 3,400 companies, from 60 industries in more than 40 countries.
The focus of the evaluation analyzes the information of over 100 industry-specific questions focusing on economic, environmental and social factors that are relevant to the companies’ success.
In the real estate sector the most important factors reviewed are corporate governance, risk and crisis management as well as service provider management. Additionally, climate change, operational eco-efficiency, conservation and environmental efficiency strategy is evaluated. Social factors evaluated include human capital, integration and stakeholder engagement.
Parque Arauco and sustainability management
Parque Arauco has defined its strategic pillars as growth, profitability and sustainability, with the last being a priority for the Company. The company has a sustainability agenda that is periodically reviewed by a corporate committee made up of top level executives. Additionally, the Board of Directors receives status updates at least three times a year.
In this context, it is possible to mention a few of the recent advancements made in sustainability. In environmental matters, Parque Arauco has been a pioneer in developing LEED certified shopping centers, in Chile with Arauco Quilicura, and in Peru with InOutlet Premium Lurín. Additionally, we have implemented our first renewable energy generation pilot with the installation of solar panels in Parque Lambramani in Arequipa, Peru. We have also developed energy efficiency systems and rainwater harvesting that optimizes the use of these resources in the malls.
In social integration matters, Parque Arauco has importantly advanced in the development of activities that promote the inclusive culture of our malls; for example we have supported activities that promote local and emerging vendors in the areas where our company is located. In parallel, the company has advanced in defining a community relationship policy, which allows for a transversal procedure applicable to the relationships with our neighbors during the construction as well as during the operation of a mall.
Parque Arauco has 989,500 m2 of total GLA in Chile, Peru, and Colombia. The company inaugurated its first shopping center in Chile in 1982, entered Peru in 2005 and Colombia in 2008. The company’s assets include seven regional shopping centers, four premium outlet malls and fourteen strip centers in Chile; six regional shopping centers, nine neighborhood centers, two premium outlet malls and two strip centers in Peru; and three regional shopping centers in Colombia as well as a large land bank to support the company’s future growth plans. For more details, visit the company’s website: www.parauco.com.