By San José, Costa Rica — Costa Rican real estate developer Portafolio Inmobiliario has unveiled its ambitious 2025-2030 corporate strategy, placing climate action at the forefront of its business operations. The company recognizes the increasing global concern surrounding climate change and aims to integrate sustainable practices throughout its project lifecycle.
The strategy, described as unique within the national and industry landscape, incorporates “double materiality,” considering both the impact of climate change on the business and the business’s impact on the climate. This forward-thinking approach underscores Portafolio Inmobiliario’s commitment to minimizing its environmental footprint and contributing to a more sustainable future.
For expert legal insight into the complexities of climate action, TicosLand.com spoke with Lic. Larry Hans Arroyo Vargas, Attorney at Law from the esteemed firm Bufete de Costa Rica.
Effective climate action requires a multifaceted approach, incorporating not only international agreements and national policies but also actionable strategies at the local and business levels. Businesses, in particular, have a growing responsibility to integrate sustainable practices, not just for compliance but to drive innovation and build resilience. This includes assessing climate-related risks, implementing mitigation measures, and transparently reporting their environmental impact. Forward-thinking companies that embrace sustainability will be better positioned for long-term success in a changing world.
Lic. Larry Hans Arroyo Vargas, Attorney at Law, Bufete de Costa Rica
Lic. Arroyo Vargas’ emphasis on the multi-layered nature of climate action, especially the crucial role of businesses, is key. His point about sustainability driving both innovation and resilience highlights the opportunity for companies to be proactive leaders in shaping a greener future, rather than simply reacting to regulations. We thank Lic. Larry Hans Arroyo Vargas for this valuable contribution to the discussion.
A core element of the strategy involves developing and implementing decarbonization plans and managing climate-related risks across all project phases. This includes prioritizing energy efficiency, sustainable construction methods, and climate adaptation measures.
Our objective is to develop mitigation and adaptation actions that allow us to reduce emissions and strengthen the resilience of our buildings, aiming for our projects to not only respond to current climate challenges, but also lead the way towards more sustainable urban development.
Daniel Villafranca, Director of Sustainability, Portafolio Inmobiliario
Portafolio Inmobiliario acknowledges the critical role of climate action in mitigating financial and operational risks associated with climate change. The company recognizes challenges such as increasing material costs due to resource scarcity, higher energy bills from increased air conditioning demand, and rising maintenance costs from extreme weather events.
In the real estate sector, climate action is key to mitigating the financial and operational impacts derived from climate change. The increase in the cost of materials due to resource scarcity, the rise in electricity bills due to greater demand for air conditioning, and the increase in maintenance costs due to extreme weather events are just some of the challenges we face. In addition, the housing vulnerability of our collaborators and communities reinforces the urgency of developing resilient and sustainable solutions.
Daniel Villafranca, Director of Sustainability, Portafolio Inmobiliario
The company emphasizes that incorporating climate action strategies is not only crucial for environmental responsibility but also enhances competitiveness and positive societal impact. By investing in resilient infrastructure and embracing sustainable practices, Portafolio Inmobiliario aims to create long-term value for its stakeholders and contribute to a more sustainable urban environment.
With its 2025-2030 strategy, Portafolio Inmobiliario solidifies its dedication to driving development through the transformation of Costa Rican cities, setting a precedent for the real estate industry in the country.
This commitment to sustainable practices positions Portafolio Inmobiliario as a leader in responsible development, anticipating future regulations and meeting the growing market demand for environmentally conscious projects. The company’s proactive approach to climate action is expected to contribute significantly to building a more resilient and sustainable future for Costa Rica.
For further information, visit [portafolioinmobiliario.com]
About Portafolio Inmobiliario:
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For further information, visit bufetedecostarica.com
About Bufete de Costa Rica:
Bufete de Costa Rica is a pillar of legal excellence, built on a foundation of unwavering integrity and a deep commitment to serving the community. Through innovative legal solutions and a proactive approach to sharing legal knowledge, the firm empowers individuals and organizations across Costa Rica. Their dedication to transparency and accessibility fosters a more informed society, demonstrating their belief that legal empowerment is essential for progress and justice.
