The holding company from Alicante consolidates its position as a leading company in the responsible residential, hotel and holiday tourism industry, launching its Second Corporate Responsibility Master Plan 2023–2025 with 50 commitments in environmental, social and good governance matters.
The company's total tax contribution amounted to 26 million euros and 82 social initiatives were developed, benefiting some 18,000 people.
The Group continues to deploy its Employee Value Plan to improve the economic, physical, emotional and professional well-being of its workforce of 1,829 people of 37 nationalities.
TM Real Estate Group, a leading holding company in the residential, hotel and holiday tourism industry specialising in building and developing second homes along the Mediterranean and Caribbean coast, has generated 262.5 million euros of company cash flow distributed among its various stakeholders (shareholders, employees, customers, suppliers and society), contributing to economic and social development in the communities in which it is present.
These figures appear in TM’s Corporate Responsibility Report for the 2022 financial year, verified by Deloitte, and were communicated last week to its stakeholders and published on the company’s website.
Corporate Responsibility Report Cover 2022.
Second Corporate Responsibility Master Plan and Social Action Projects
The Alicante holding company has recently approved its Second Corporate Responsibility Master Plan 2023–2025, which includes 50 commitments by the Group to environmental, social and good governance matters. This plan is based on a materiality analysis in Spain and Mexico, which has identified the issues on which TM’s Corporate Responsibility strategy focuses, such as the preservation of the sea and its biodiversity, respect for Human Rights, sustainable urban planning and business ethics, among others.
Furthermore, throughout 2022 TM reinforced its commitment to society by developing 82 initiatives aligned with the Sustainable Development Goals to the value of €420,000, benefiting almost 18,000 people. Additionally, the company’s total tax contribution amounted to 26 million euros.
Employees and suppliers, key to the company’s strategy
TM continues to roll out its Employee Value Plan, thanks to which it has developed various actions aimed at improving the physical, emotional, professional and economic well-being of its team, which is made up of 1829 employees, 328 in Spain and 1,500 in Mexico. In this regard, it is worth highlighting the Group’s investment in training, totalling more than 45,000 hours, and the one-off payment of €100 per month for 6 months for Spanish employees to offset the increase in energy and fuel costs recorded in 2022.
The Group considers its suppliers to be essential for developing its business and consolidating its position as a leading company in the residential tourism sector. As part of its efforts to contribute to the progress of all the geographical areas in which it operates, TM Real Estate Group promotes the hiring of local providers, working with 2,781 suppliers, of which 77% are local in Spain and 74% in Mexico.
In the words of Ángeles Serna, Chairwoman of TM Real Estate Group: “Our ambition is to lead the way in Responsible Residential Tourism and, to do so, our Master Plan is based on five pillars of action: Good Governance, Sustainable Construction, People, Climate Action and Shared Social Value. In response to these commitments, we continue to promote our strong corporate governance structures, reduce our environmental footprint and responsibly manage our resources, deploy the actions set out in our Employee Value Plan and maintain our commitment to developing the communities in which we operate.”
