Sustainability in Focus: An Interview with Environmental Advocate Sofia Garcia

Michael Tran

Welcome, everyone, to another episode of Eco Voices. Today, we are thrilled to have Sofia Garcia, a prominent environmental advocate, with us. Sofia has been at the forefront of sustainability efforts, particularly in Latin America, and today we'll be diving deep into the GRESB sustainability metrics and their growing influence in the region.

Sofia Garcia

Thank you, Michael! I'm excited to be here and discuss such an important topic. Sustainability is not just a trend; it's a necessity for our future.

Michael Tran

Sofia, can you explain what GRESB metrics are and why they are important for companies in Latin America?

Sofia Garcia

Absolutely! GRESB metrics provide a framework for assessing the environmental, social, and governance performance of real assets. For companies in Latin America, adopting these metrics is crucial. It not only helps them improve their sustainability practices but also enhances their transparency to investors, which is increasingly in demand.

Michael Tran

We've seen a significant increase in investor demand for sustainable practices. How do you think this has influenced Latin American companies to adopt GRESB metrics?

Sofia Garcia

Investor demand has become a driving force. As institutional investors prioritize ESG criteria, companies recognize that adopting GRESB metrics is not only beneficial for the environment but also enhances their attractiveness to potential investors. It's a win-win situation.

Michael Tran

What role do you think government regulations play in the adoption of GRESB metrics in the region?

Sofia Garcia

Governments are increasingly implementing stricter environmental regulations, and this creates a pressing need for companies to adopt frameworks like GRESB to comply. It pushes them towards better sustainability practices and encourages investment in greener technologies.

Michael Tran

Sofia, while there are many opportunities, what are some challenges companies face when adopting these metrics?

Sofia Garcia

One of the main challenges is data availability and quality. Many companies lack robust systems for collecting and reporting data. Additionally, cultural attitudes towards sustainability may vary, which can slow down adoption. Smaller companies might also struggle with resource constraints.

Michael Tran

Despite these challenges, how do you see the future of sustainability practices in Latin America?

Sofia Garcia

I am optimistic! As awareness of sustainability issues grows, more companies are recognizing the value of GRESB metrics. This trend will likely lead to increased investment and improved practices in the real estate and infrastructure sectors, paving the way for a more sustainable future.

Michael Tran

Thank you, Sofia, for sharing your insights on the importance of GRESB metrics and the future of sustainability in Latin America. It's been a pleasure having you on the show.

Sofia Garcia

Thank you, Michael! It's been wonderful to discuss these vital issues with you. Let's continue to advocate for a sustainable future together.