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Cyrela Brazil Realty is a publicly listed company headquartered in São Paulo, Brazil. Cyrela Brazil is a property development company in the corporate, commercial and residential segments, focused on high-end, luxury commercial and residential properties and mid-tier residences. It is the largest homebuilder and real estate company by market value in Brazil.
Summary
Cyrela Brazil Realty discloses information on certain urban sustainability topics but lacks disclosure on many crucial aspects. The company discloses its most material sustainability topics and assigns responsibility to its environmental, social and governance (ESG) committee to monitor progress on its sustainability plan. However, the company does not disclose time-bound targets to mitigate these material impacts. Nor does it make sustainability performance consequential through board-level remuneration.
The company ensures strict compliance with Brazilian accessibility standards, and it discloses the diversity of its workforce across different employee categories. However, it does not regularly report on the affordability and quality of its properties, and it lacks a policy commitment to respect human rights.
In addition to addressing these gaps, Cyrela Brazil Realty should disclose time-bound targets for reducing scope 1 and 2 greenhouse gas emissions and consistently report progress against these targets. Increasing energy efficiency and focusing on consecutive reductions in non-renewable fuel consumption are also critical to the company’s decarbonisation efforts. Moreover, the company should commit to zero ecosystem conversion in protected areas and conduct risk assessments for natural disasters related to its operations.
Ranking position
#138
/300
Total score
11.4
/100
Measurement area
Score
Rank (0-300)
Measurement area
Governance & Strategy
Score
# 1
8.3
/100
Rank (0-300)
#128
Measurement area
Inclusive Cities
Score
# 1
28.3
/100
Rank (0-300)
#69
Measurement area
Healthy Cities
Score
# 1
8.9
/100
Rank (0-300)
#91
Measurement area
Climate Proof & Resilient Cities
Score
# 1
3.3
/100
Rank (0-300)
#148
Measurement area
Core Social Indicators
Score
# 1
8.3
/100
Rank (0-300)
#151
Industries
Industries
Real estate
#50
More about the company
Headquarters
Brazil
Ownership structure
Public
Revenue
USD 1,049 billion (2022)
Number of employees
5005 (2022)
Website
https://ri.cyrela.com.br/en/
63716
