Reporting
Frameworks

About this report

This is Tropicalia’s 13th Sustainability Report, covering the period from January 1 to December 31, 2023. It details activities related to Tropicalia’s master plan, Fundación Tropicalia, and the communities impacted by its operations, primarily in Miches and its surrounding municipal districts.

The report follows globally recognized reporting frameworks, using the Global Reporting Initiative (GRI) Standards as a reference. Additionally, we align with the United Nations Global Compact Principles, the Sustainable Development Goals, and the International Finance Corporation (IFC) Performance Standards. Together, these frameworks help define our roadmap for aligning corporate objectives with the global sustainable development agenda.

The Vice President of Sustainability, a member of the Sustainability Committee, serves as the editor-in-chief of the report. She ensures materiality and oversees the content, which is reviewed and approved by the Executive Committee members before the CEO gives final approval for publication.

We conducted a materiality analysis based on the environmental and social review by IDB Invest for Tropicalia’s financing approval and the Performance Standards of the International Finance Corporation (IFC). This analysis identifies the key material issues based on the project’s current stage:

  • Community health and safety
  • Environmental impact
  • Biodiversity conservation and natural habitats
  • Efficiency in the use of natural resources and pollution prevention
  • Labor practices and conditions
  • Supplier management
  • Human rights
  • Local development