· Once again this year, the Alicante-based holding company has strengthened its position as a leading company in the residential, hotel and responsible holiday tourism sector, achieving 90% of the targets it set itself for 2023 under its Corporate Responsibility Plan 2. The company paid a total of €29 million in tax and ran 75 social initiatives that benefitted around 24,000 people. The Group continues to implement its Employee Value Plan to improve the financial, physical, emotional and professional wellbeing of its workforce, consisting of 1,797 people from 44 different nationalities.
Alicante, 9 July 2024 – TM Real Estate Group, Alicante’s leading holding company in the residential, hotel and responsible holiday tourism sector, specialising in the construction and development of second homes along the Mediterranean and Caribbean coasts, has generated a social cash flow of €317.6 million across its different stakeholders: employees, customers, suppliers, public authorities and society, allowing it to contribute to the economic and social development of the communities where it operates.
These figures appear in the TM Corporate Responsibility Report for the 2023 financial year, verified by Deloitte and recently sent out to its stakeholders and published on its corporate website.
Corporate Responsibility Master Plan 2
This generation of social cash flow by TM Real Estate Group forms part of its Corporate Responsibility Master Plan 2. The Plan covers the period from 2023 to 2025 and has shown itself to be an effective and transformative roadmap for achieving its environmental, social and good governance targets. In 2023, the Alicante-based holding company has managed to meet 90% of its 50 ESG commitments structured into four strategic areas: climate action, caring for people, shared social value and sustainable construction.
2nd Corporate Responsibility Master Plan
Climate action
One of the most important initiatives being run by the group in this strategic area is its Responsible Mediterranean Plan, which it is continuing to implement across the entire Mediterranean area, managing to involve 1,000 people in different research and awareness raising activities and also enabling 4,000 kilos of waste to be removed from the coastline and the seabed.
Caring for people
Throughout 2023, TM has continued to roll out the initiatives established in its Employee Value Plan in order to improve the physical, emotional, professional and financial wellbeing of the 1,797 professionals from 44 different nationalities who make up its team in Spain and Mexico.
An example of this commitment is the investment of around €450,000 in 2023 in training to boost the development of its team.
Shared social value
TM has continued to show its commitment to society in 2023, leading a total of 75 social initiatives that have benefitted around 24,000 people. The company has set aside a budget of €400,000 to run these initiatives. In addition, the company has paid a total of €29 million in tax.
The Group relies on its suppliers for the performance of its activity. That is why the holding company is in constant and open dialogue with its suppliers to identify areas for improvement at a financial, digital and recognition level. TM shared this progress in these areas with its suppliers at its last convention held at Valencia CF’s Mestalla Stadium.
Sustainable construction
TM’s commitment to advancing sustainable construction is clearly demonstrated through projects such as the regeneration of the Racó de l’Infern in Benidorm, thanks to which the area will have 2,585 new trees and more than 3,600 new shrubs and CO2 emissions will be reduced by almost 1,800 tonnes over the next 40 years, and the study on skyscrapers that are energy self-sufficient through the use of wind energy.
In this area, we should also highlight the project being run in Torrevieja where 420,000 m2 of green areas are being created as a walking and protection area for the Lagunas de la Mata y Torrevieja Natural Park. This new residential area will also have one of the best sustainable drainage systems in the Region of Valencia and in Spain. It consists of a floodable park with garden areas full of native species and pathways perfectly integrated into the ecosystem and capable of handling 70,000 m3 of rain during a storm.
Infographic of the restoration project for the Natural Park of Las Lagunas de la Mata, Torrevieja
In the words Ángeles Serna, CEO of TM Real Estate Group: “For us, 2023 has seen the end to a successful strategic cycle based on responsibility and commitment, dialogue, collaboration and the trust of our stakeholders. Thanks to this collaboration, we are capable of creating real value in the communities where we operate, generating employment, wealth, spaces respectful towards the environment and new opportunities for everyone. In addition, we are working towards the achievement of the 50 environmental, social and good governance commitments established in our Corporate Responsibility Master Plan and are seeing great results. We believe in the positive impact of businesses, particularly those in the residential tourism sector – an industry that year after year, proves to be one of the most powerful drivers of economic, environmental and social transformation”.
