Neinor Homes will measure the social and environmental impact of its promotions

Madrid, 14 April 2022.- Neinor Homes has launched a project to measure the impact of its promotions. The project, carried out together with the business sustainability consultant Transcendent, has allowed the development of its own tool based on international standards, which allows the quantification of the impact that the company generates with its housing developments.

Based on an internal process of identifying and prioritizing impacts, which has involved both the Management Committee and key people in the organization, Neinor Homes has developed its own tool, a pioneer in its sector.

The measurement framework collects the most relevant impacts and classifies them into three dimensions: the impact on the habitability and well-being of residents, the economic sustainability of local communities and businesses, and the impact on the environment.

Specifically, this tool will transversally measure 3 dimensions and 9 social and environmental aspects of your housing developments: Accessibility to housing, accessibility to basic services, promotion of a healthy lifestyle, family well-being and social cohesion, employment generation, promotion of local development, promotion of local business and commerce, promotion of sustainable mobility and efficient housing design.

“The project will allow us to measure and manage impact as a source for making better strategic and investment decisions and is a step forward in our purpose of contributing from real estate to the improvement of society,” said José Cravo, Director of Investor Relations at Neinor Homes.

The measurement methodology

Impact measurement has been developed with a broad vision, paying attention to the importance of analysis in all phases of the life cycle of a promotion, from the investment phase to the subsequent habitability of homes.

The analysis took into account different points of view:

• As an investment: evaluating social criteria within the decision-making process.

• Like Planning: Understanding how housing construction will benefit residents and the municipality.

• From design: Understanding how housing design decisions impact the well-being of families.

• From a construction perspective: Understanding the impact of the construction of new homes on construction companies, subcontractors and the Public Administration.

• Because of its habitability: Determining the impact on residents, neighbors of the neighborhood and local businesses benefiting from the arrival of residential developments.

For the development of the tool, the Impact Management Project (IMP) framework has been used, a pioneering global association that brings together numerous impact measurement standards.

“Measuring and managing impact helps to ensure the creation of healthy, sustainable neighborhood communities where the well-being of families is promoted in a quality environment,” explains Álvaro Conde, Director of Governance, Risk and Compliance, Internal Audit and Sustainability at Neinor Homes.

Neinor Homes, ESG leader in the real estate sector

Real estate, which has 2.4 million m2 of floor space, 325 developments and 13,300 homes for sale, 35 developments and 3,500 homes for rent, and 2,880 homes delivered in 2021, is one of the largest real estate platforms in Spain.

With this project, Neinor Homes aims to become a benchmark for promoting the transformation of the real estate sector towards more inclusive and sustainable models, consolidating the company's leadership in terms of sustainability.

In fact, the company has been considered by the Sustainalytics rating as the best residential developer in the world in ESG criteria, with a score of 10.5 (low risk), and has been recognized as one of the best ESG companies out of the more than 4,000 companies that Sustainalytics analyzes, recognizing it as Top ESG Performer 2021 in the Industry and Region categories.

“We are aware that this project is only the beginning of the journey. We are committed to sustainability and impact and we know that this is a long and demanding process of continuous learning,” says Álvaro Conde.

With the support of Transcendent, a boutique consultancy expert in sustainability and impact, we have launched an ambitious and pioneering project for measuring social impact that has been carried out in four major phases.

The three dimensions of the measurement framework are made up of 9 impacts that are disaggregated into indicators that allow us to quantify the impact generated.

Aware of these challenges, Neinor's Board of Directors approved the 2021-2025 Sustainability Plan

We are ambitious and we work every day to be a reference in the sector and lead the transformation of society towards more inclusive and sustainable models.