Transparency

The company must be transparent with respect to society. Its principles and actions must be visible and identifiable and must generate public trust not only through its actions but also through the recognition of the reasons behind them.

Transparency is articulated over three main axes: ASG Homes’ integrity, reporting our social activity to society, and control and external auditing of the previous two aspects, with the publication of the audit result in a report aimed at stakeholders.

The presentation of this report is a consequence of the transparency of ASG Homes, which, because of being transparent, has nothing to hide and knows that being observed and positively judged by society serves as a motivation to behave in such a manner that favours society and that is aligned with its values and interests.

Environmental audit

The company's projects will be subject to external audit and environmental certification (BREEAM, etc.) in order to have the least possible impact on the environment, and it will apply risk-based prevention policies.

Process audit

ASG Homes will control the quality of its internal processes so as to ensure the ongoing improvement of the company at every level, with an integrated management system that takes into account economic, social, and environmental aspects. Furthermore, ASG Homes will conduct surveys with external stakeholders in order to learn their vision of its projects and where do they see room for improvement. The contents of these reports will be given by the Steering Committee to the appropriate Department Heads in order for them to design and, if appropriate, implement the necessary changes that ensure that past lessons learned serve to improve the system in the pursuit of efficiency and sustainability.

These processes will also be submitted periodically to external audit and certification with a view to maximising efficiency, traceability and responsibility.

Internal communication

It is the responsibility of ASG Homes to ensure that its staff and collaborators are duly informed of its ESG values and share them. To further this purpose, new recruits will receive an introduction to the company's values and corporate social responsibility, and the company will report periodically on the initiatives devised and the progress achieved.

Likewise, the company will encourage its employees to propose initiatives to extend and strengthen its principles and practices.

External communication

In order to foster transparency and to strengthen the rest of our values and to promote them within the industry, ASG Homes will report through press releases and other means about its initiatives, activities and achievements within the sphere of corporate social responsibility. These reports are aimed to enhance the prestige of our brand, extend our principles and good practices within the sector, encourage their adoption by competing companies, and their observance by our collaborators.

Fair compensation

It is crucial for ASG Homes to depend on the best professionals available, and a cornerstone to achieve this is a clear, transparent, and fair compensation scheme.

Compensation is determined through a mixture of 360º reviews, market studies on compensation throughout the Industry, external consultation, and yearly performance and values appraisals (with a mid-year follow-up).

External consultation was hired to design the objective compensation policy now in effect, setting the base retribution on organizative structure and professional qualification, considering the complexity and impact of each particular position, then setting retribution bands for potential, expected and outstanding performance in past years. Base salary increases are also controlled by a set matrix in-formed by base salary, position, performance and market evolution. This objective system also controls bonus allocation.

Within the ASG Homes family everyone knows what to expect. This is how we build and conserve trust.

Conflicts of Interest

All potential conflicts of interest are closely monitored by the directors of the Manager and by the members of the Risk Committee, who meet twice annually in order to discuss the risks that the structure is subject to and any necessary controls required to mitigate these risks.

Key personnel are bound to various non-competition clauses either as part of their employment contract or as part of the co-investment scheme. The specific arrangements are contracted under the applicable regulations that apply in the local jurisdiction of the key person.

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