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MRV Engenharia e Participações is a publicly listed company headquartered in Minas Gerais, Brazil. It is the largest homebuilder in Brazil. The majority of the company’s operations are in residential property development, but MRV also engages in the property management business in Brazil and the United States.
Summary
MRV Engenharia discloses information on some topics related to urban sustainability but lacks disclosure on many important topics. The company assigns environmental, social and governance (ESG) oversight to its board of directors, but it lacks disclosure on its processes for stakeholder engagement. The company also lacks a policy on lobbying and political engagement, which can diminish stakeholder trust in its governance practices.
While MRV Engenharia commits to providing affordable housing in Brazil, it should provide detailed information on its measures to enhance project accessibility and affordability. To further improve its social performance, the company should publicly disclose its human rights policy and ensure that its grievance mechanism is accessible to all workers. From an environmental standpoint, the company should regularly report on its water withdrawal, discharge water quality and waste generation. Moreover, it should establish clear near- and long-term targets validated by the Science Based Targets initiative (SBTi) to reduce greenhouse gas emissions and demonstrate alignment with the Paris Agreement.
Ranking position
#73
/300
Total score
18.9
/100
Measurement area
Score
Rank (0-300)
Measurement area
Governance & Strategy
Score
# 1
4.2
/100
Rank (0-300)
#153
Measurement area
Inclusive Cities
Score
# 1
35.8
/100
Rank (0-300)
#36
Measurement area
Healthy Cities
Score
# 1
12.2
/100
Rank (0-300)
#61
Measurement area
Climate Proof & Resilient Cities
Score
# 1
20.0
/100
Rank (0-300)
#49
Measurement area
Core Social Indicators
Score
# 1
22.2
/100
Rank (0-300)
#88
Industries
Industries
Real estate
#26
More about the company
Headquarters
Brazil
Ownership structure
Public
Revenue
USD 1,285 billion (2022)
Number of employees
18935 (2022)
Website
https://www.mrv.com.br
63716
