PROJECT

Projects

Environmental & Social Review Summary

Project Number

31548

Company Name

Urbi Desarrollos Urbanos, S.A.B. de C.V.

Date ESRS Disclosed

Mar 20, 2012

Country

Mexico

Region

Latin America and the Caribbean

Last Updated Date

Dec 1, 2016

Environmental Category

B - Limited

Status

Active

Previous Events

Approved : Jul 31, 2012
Signed : Sep 21, 2012
Invested : Nov 16, 2012

Sector

Construction and Real Estate

Industry

Tourism, Retail and Property

Department

Gbl Ind, Manufact, Agribus & Services

Project Description

URBI has requested IFC to support its Low Income Housing (LIH) construction and development efforts through a corporate loan of up to US$50 million. The objective of the IFC financing to Urbi is to allow them to continue to complement the Mexican Government affordable housing program which through their several programs provides housing financing solutions to lower income families, and promotes the development of large scale sustainable affordable housing communities, like Valle San Pedro. Urbi is planning on constructing almost 50,000 housing units in the first stage of this development.

Overview of IFC's Scope of Review

IFC conducted an appraisal of the corporate management systems in place at Urbi, used to identify and manage environmental and social risks and impacts associated with the company’s low income housing development activities. Examples of environmental and social assessment practices and ongoing management and oversight of company-based and contracted activities were reviewed at an active development site, the Urbi Valle San Pedro development in Valle Las Palmas Baja California, a major housing project on the outskirts of Tijuana.

Large scale housing developments require considerable land, appropriate assessment and ongoing biodiversity conservation where such exists and consideration of protection of cultural heritage as applicable. Construction materials, adequate energy and water supply, sanitary and storm water treatment and disposal systems, control of impacts during construction related to erosion, dust, chemicals and waste management and the efficiency of the housing units and common services themselves are all of importance when considering housing such development; these were therefore reviewed during the site visit and discussed with management at company headquarters as they relate to the overall planning and design process used by Urbi in developing their projects.

Due diligence of the company’s labor practices was also conducted, both in terms of conditions of employment of its own staff and the management processes used to promote good occupational health and safety practices in construction activities.

E & S Project Categorization and Applicable Standard

Environmental and Social Mitigation Measures

Stakeholder Engagement

Environmental & Social Action Plan

Client Documentation

File Name Actions
Urbi_Publication_ESAP.pdf