TROPICALIA: FIRST PHASE OF DEVELOPMENT
Management and Governance Mechanisms
Environmental & Social Management System
Tropicalia relies on its Environmental and Social Management System to monitor and assess issues in sustainable destination and stakeholder management, community development, biodiversity and other key topic areas.
Labor and Human Rights
In 2010, we committed to the United Nations Global Compact`s Universal Principles on human rights, labor, the environment, and anti-corruption.
Tropicalia`s Sustainability Committee is a cross-functional team that meets annually to discuss strategy, report progress and define goals for the upcoming year. Our committee is the highest governing body for reviewing environmental and social issues for Tropicalia. The diversity of our Committee members brings strength to this corporate governance body.
We nurture and foster trusting relationships with our stakeholders, thanks to their active participation in the communication and dialogue spaces that allow us to give and receive critical information in a fluid and constant manner, as well as the wide dissemination of the Project's impact and the transparent and timely communication we have maintained throughout the years.
KEY COMMITMENTS TO SUSTAINABILITY
IDB Invest approved a loan of up to US$146.4 million to finance the construction and operations of the first phase of development.
Tropicalia’s design and brand partners worked together to consolidate redesign efforts while prioritizing sustainability.
Tropicalia protects and conserves the natural environment and relies on its biodiversity and environmental management plans, as well as its participation in PROMICHES to pursue sustainable site development and destination management.
Tropicalia's commitment to community development is channeled both through its participation in PROMICHES, supporting public-private initiatives to establish the necessary infrastructure for the responsible development of the destination, and through the work of Fundación Tropicalia, which centers its programs on supporting education, the environment, productivity and the sociocultural advocacy of Miches.