CMI Capital: pillar of investments in sustainable development 

Through sustainability reporting, companies are able to communicate their performance and impacts on a wide range of sustainable issues, addressing the environmental, social and governance parameters to which they adhere. 

This allows companies to be more transparent about the risks and opportunities they face on a day-to-day basis, giving stakeholders greater insight into performance beyond financial results.

Building and maintaining trust through this kind of transparency is fundamental to creating a sustainable global economy and a prosperous world. In keeping with this commitment, last September, CMI Capital, part of Corporación Multi Inversiones (CMI), presented its 2021 Sustainability Report, which compiles the results of its management during the year.

This report accounts for the progress made in terms of sustainability in its three business units: 

Energy Unit  

This unit is dedicated to the development, design, execution, operation and commercialization of electric energy generation projects using renewable resources in the Central American region.

Real Estate Development Unit

This unit is dedicated to the development and operation of shopping centers and the development of real estate projects for sale. 

Finance Unit

It is in charge of financial services for the companies that make up CMI, through financing, investment management, insurance services and other services of a financial nature.

CMI Capital works for a decarbonized planet

As companies around the world increasingly adopt sustainability reporting, a number of standards have emerged that allow a wide range of stakeholders to evaluate and compare reports more effectively. 

The most widely adopted structure is the Global Reporting Initiative (GRI) standards. This parameter is related to other forms of non-financial reporting, including earnings reports and corporate social responsibility (CSR) reports.

Under the vision of its Chairman and CEO, Juan Luis Bosch Gutiérrez, and following the guidelines of the GRI, CMI Capital has focused on promoting its efforts in decarbonization, access to safe public spaces, as well as housing development and financing. It has also done so thanks to the work of Corporate Support Units such as the Corporate Affairs and Sustainability Department.

Using the Sustainability Accounting Standards Boards (SASB) indicators and the guidance provided by the UN Sustainable Development Goals (SDGs), the report details the value of the company’s social, environmental, economic and tax impact at the regional level.

Among the actions highlighted in the report for the year 2021 are: 

The Energy Unit successfully closed the placement of US$700 million in green bonds, with an eight-year maturity (2029) and a rate (coupon) of 6.250%, becoming the private company with the largest placement in Central America and the Caribbean. 

The Real Estate Development Unit, in the last 35 years, has built around 1 million square meters, focusing on providing housing opportunities for various segments of society. Real estate projects include residential development, corporate offices, mixed-use commercial areas and build-to-suit. 

With more than 20 years of operation, the Finance Unit has developed investment banking, private banking, commercial banking and risk management capabilities that, together, offer a unique solution to the markets in which it operates and to companies of all sizes.  This unit invests in various sectors such as energy, real estate development, agriculture and livestock, and commercial.

Through the Women at Work program, CMI Capital empowered its employees and developed the Women Achieving Dreams (MAS) action plan in the Energy Unit, with the objective of enabling the inclusion of women and contributing to the equity, growth and sustainability of the business.  

CMI’s Corporate University (laUcmi) develops leadership, soft skills, and communication courses for its employees. In 2021, it received certification from The Learning and Performance Institute (The LPI), a highly systematized process of comprehensive evaluation, which assessed the quality and strengths of the educational platform. With this recognition, laUcmi became the first Corporate University in Latin America to receive this certification.

The objectives met in 2021 play a crucial role in identifying new risks and opportunities for the future. Furthermore, through its reporting, CMI continues to demonstrate its commitment to transparency in order to engage a variety of stakeholders in the decision-making process, generating more trust in the corporation every day.