The commitment to the best practices of Corporate Governance and to social and environmental practices has always been present within the Company since its spin-off in 2007. SYN recognizes that it has a long way to go to achieve the best standards required by the market and reinforces the your commitment. As a result of its rebranding, SYN is committed to being a more transparent company and aims to become a benchmark ESG company in the Real Estate sector in Brazil. The Company is determined to improve what it already does in this objective and develop metrics that meet the demands of the market and its stakeholders.
SYN is one of the founding members of the Green Building Council Brazil (GBC Brasil), an association in which we participate and have a strong partnership. We are committed to sustainable development and aim to minimize the environmental impacts of our projects.
All of our AAA buildings are LEED certified, ~60% of which are Gold certified, designed by the non-governmental organization United States Green Building Council, with the aim of promoting and encouraging sustainable building practices.
Click here to access the ESG report
SYN uses the Free Energy Market in all of its shopping centers, with 50% of this coming from incentivized energy sources. In AAA buildings, SYN uses Free Energy Market for 90% of these projects, with around 70% coming from incentivized energy sources. In the case of malls, we reached the mark of ~30% reduction in energy consumption, when comparing data from June 2021 with the same month in 2017. The result was the result of work carried out in malls that involved retrofitting of LED lamps, Operation Blackout, which aimed to adjust operations in malls by reducing night work, retrofitting of air conditioning units, in addition to several operational adjustments adopted with the aim of reducing energy consumption in malls.
Shopping D, in order to reaffirm its commitment to the environment, entered into a partnership with TrashIn, a company specialized in waste management. TrashIn conducts employee training, implements clear signage for waste identification, organized collection and proper disposal. In addition, the company designs customized collectors for different types of waste that are returned to the production chain, avoiding sending them to landfills, performing reverse logistics and contributing to the circular economy.
Regarding water consumption in shopping malls, it is worth mentioning that 85% of all water resources come from alternative sources, which does not overload the local water matrix. In addition, 75% of all sewage produced by the projects is treated. 75k m³ of water reuse was consumed in 2021 by SYN malls.
SYN has a strong commitment to fostering the development of the capabilities of individuals generating prosperity and socioeconomic mobility. To enable this shared value, we strengthen local potential, promoting social mobility and the well-being of people in their communities. We propose to be a vector of socioeconomic development.
The SYN Institute (ISYN) is the social arm of SYN. With a view to corporate citizenship, the Company allocates 1% of its annual net income to promote ISYN activities. It is worth mentioning that the company is a founding member of the Green Building Council (GBC Brasil) whose premise is socio-environmental responsibility practices to promote and maximize sustainable development. For more information, access the Institute’s website here.
Projects Conectividade na Periferia and Fundo Periferia Empreendedora
Throughout the pandemic, access to basic education online made it difficult for those who do not have an internet connection, which, according to the IBGE, affects 33% of households in Brazil. In addition, SYN sought to support small entrepreneurs who saw their businesses impacted.
SYN is an ally of diversity guidelines, promoting respect, inclusion, equity between individuals and synergy between groups. Since January 2020, SYN has a Diversity Committee that holds monthly meetings with the mission of strengthening the pillars of diversity, which are respect, equity, inclusion and synergy. The Committee works to review and establish solid policies that are aligned with the pillars of diversity. It also acts in internal engagement, always aiming to promote and include its employees in matters of this agenda.