ENVIRONMENTAL POLICY AND ENVIRONMENTAL MANAGEMENT SYSTEMS

We understand that the real estate industry has a meaningful impact on the environment and wish to make a significant and lasting contribution to a more sustainable global system.

 

Environmental Policy

Our commitment to sustainability extends not just across our own operations. We address the environment proactively. Panama Investment Funds is firmly aligned to lead our industry as we care for the shift toward a net-zero carbon world. We have identified and are implementing strategies to reduce GHG emissions across our business operations, from the energy consumed in our offices to the way we travel to work. We endeavor to use locally sourced materials and hire local contractors in our own supply chain, decreasing transportation and shipping distances, and further diminishing our impacts. All of our key partners in these efforts and team members are encouraged and supported in their efforts to champion energy, waste and water-use reductions to save costs and reduce our carbon footprint.

 

Environmental Assessments

As part of our due diligence, we encourage sponsors to engage independent engineering firms to conduct environmental assessment of every property. Assessment should include on-site inspection of the property, an examination of current and historical uses and environmental conditions of the property, as well as its surrounding sites, compliance to relevant laws and ordinances and discussions with persons in charge of property management.The environmental reviews also cover a wide range of possible sources of environmental issues, including asbestos, lead, PCBs, substances harmful to the ozone layer, water, air, and waste. Based on these reviews, we can attempt to ensure acquired properties comply with environmental laws and regulations.

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Water Conservation

We recognize the environmental and business gains that can be realized  by adopting an integrated approach for how we use and manage resources. Where possible, we design landscaping that captures and uses runoff or doesn't require high volumes of water. Many of our projects are equipped with water-saving features, such as low-flow toilets, showers, and systems to capture rainwater for irrigation. We also continue to explore sustainable technologies, including a water-saving technology that improves the efficiency of water systems in the projects, resulting in lower utility bills for our customers.

 

Biodiversity

We strive to ensure that our building designs are sustainable and provide a healthy place for people to live and work. Similarly, promoting biodiversity and ensuring the health of plants and wildlife in and around the projects environment is integral to sustainability. Acting as a good neighbor in the way we develop and manage properties makes us welcome to do business in communities.