GAP confirms achievement of sustainability targets with assurance from KPMG, reporting a 25% reduction in greenhouse gas emissions by 2025.
Quiver AI Summary
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) announced the successful assurance of its sustainability-linked bonds, confirming compliance with its Sustainability-Linked Financing Frameworks. This assurance, provided by Ruby Canyon and KPMG Cárdenas Dosal, validates the achievement of a 25% reduction in Scope 1 and Scope 2 greenhouse gas emissions by the end of 2025, compared to a 2019 baseline. The report follows a previous announcement made on February 27, 2026, regarding the emissions reduction target. GAP operates 12 airports in Mexico and has expanded its operations in Jamaica. The company emphasizes that its sustainability efforts and financial projections may involve forward-looking statements that are subject to risks and uncertainties.
Potential Positives
- GAP successfully achieved a 25% reduction in absolute Scope 1 and Scope 2 greenhouse gas emissions by the end of 2025, compared to the 2019 baseline year, highlighting its commitment to sustainability.
- The company's sustainability-linked bonds have received assurance from reputable firms, including KPMG, reinforcing investor confidence in their environmental performance and governance.
- The assurance aligns with international standards (ISAE 3000), which enhances the credibility of GAP's sustainability claims and can attract environmentally-conscious investors.
Potential Negatives
- The limited assurance report does not guarantee complete achievement of sustainability goals, which could lead to regulatory or investor scrutiny.
- The forward-looking statements indicate uncertainties in future performance, which might undermine investor confidence.
- The reliance on external firms for assurance introduces potential risk if the reports are later found to be inaccurate or misleading.
FAQ
What sustainability initiatives has Grupo Aeroportuario del Pacífico achieved?
GAP has achieved a 25% reduction in absolute Scope 1 and Scope 2 greenhouse gas emissions by the end of 2025 compared to 2019 levels.
Who provided the assurance for GAP's sustainability-linked bonds?
The assurance for GAP's sustainability-linked bonds was provided by Ruby Canyon and KPMG Cárdenas Dosal, S.C., an independent firm.
What are the key performance indicators for GAP's sustainability financing?
The key performance indicator is a 25% reduction in absolute Scope 1 and Scope 2 greenhouse gas emissions, including CO2, CH4, and NOx.
How many airports does Grupo Aeroportuario del Pacífico operate?
GAP operates 12 airports throughout Mexico's Pacific region, including major cities and popular tourist destinations.
How can complaints regarding criminal conduct be reported to GAP?
Complaints can be reported anonymously via the hotline 800 04 ETICA, WhatsApp +52 55 6538 5504, or through the website www.lineadedenunciagap.com.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
Full Release
GUADALAJARA, Mexico, March 23, 2026 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) announces that, in connection with its sustainability-linked bonds identified as “GAP 22L,” “GAP 23L,” “GAP 23-2L,” “GAP 24L,” and “GAP 24-2L,” it has obtained the assurance required under its Sustainability-Linked Financing Frameworks, including the emissions inventory assurance provided by Ruby Canyon and the limited assurance report issued by KPMG Cárdenas Dosal, S.C., an independent firm, regarding the Key Performance Indicator associated with such instruments.
The latter was conducted in accordance with the International Standard on Assurance Engagements (ISAE) 3000 (Revised) and provides a limited level of assurance over the information related to the KPI consisting of a 25% reduction in absolute Scope 1 and Scope 2 greenhouse gas emissions, specifically comprising Carbon Dioxide (CO 2 ), Methane (CH 4 ), and Nitrous Oxide (NO x ), across all of GAP’s operations (Mexico and Jamaica), as of December 31, 2025, compared to the 2019 baseline year, in accordance with the criteria established in GAP’s Sustainability-Linked Financing Frameworks.
Based on the procedures performed and the evidence obtained, KPMG concluded that, taking into account the Ruby Canyon report, as well as the information provided by the Company, nothing has come to its attention that would lead it to believe that such KPI was not achieved, in all material respects, in accordance with the applicable criteria.
This follows up on the announcement to the Mexican Stock Exchange dated February 27, 2026, in which GAP reported the achievement of its target consisting of a 25% reduction in absolute Scope 1 and Scope 2 greenhouse gas emissions, specifically comprising Carbon Dioxide (CO 2 ), Methane (CH 4 ), and Nitrous Oxide (NO x ), for 2025 compared to the 2019 baseline year.
Company Description
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) operates 12 airports throughout Mexico’s Pacific region, including the major cities of Guadalajara and Tijuana, the four tourist destinations of Puerto Vallarta, Los Cabos, La Paz and Manzanillo, and six other mid-sized cities: Hermosillo, Guanajuato, Morelia, Aguascalientes, Mexicali, and Los Mochis. In February 2006, GAP’s shares were listed on the New York Stock Exchange under the ticker symbol “PAC” and on the Mexican Stock Exchange under the ticker symbol “GAP”. In April 2015, GAP acquired 100% of Desarrollo de Concessioner Aeroportuarias, S.L., which owns a majority stake in MBJ Airports Limited, a company operating Sangster International Airport in Montego Bay, Jamaica. In October 2018, GAP entered into a concession agreement for the Norman Manley International Airport operation in Kingston, Jamaica, and took control of the operation in October 2019.
| This press release may contain forward-looking statements. These statements are statements that are not historical facts and are based on management’s current view and estimates of future economic circumstances, industry conditions, company performance, and financial results. The words “anticipates”, “believes”, “estimates”, “expects”, “plans” and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations, and the factors or trends affecting financial condition, liquidity, or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends, or results will occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations. |
In accordance with Section 806 of the Sarbanes-Oxley Act of 2002 and Article 42 of the “Ley del Mercado de Valores”, GAP has implemented a “whistleblower” program, which allows complainants to anonymously and confidentially report suspected activities that involve criminal conduct or violations. The telephone number in Mexico, facilitated by a third party responsible for collecting these complaints, is 800 04 ETICA (38422) or WhatsApp +52 55 6538 5504. The website is www.lineadedenunciagap.com or by email at [email protected] . GAP’s Audit Committee will be notified of all complaints for immediate investigation.
| Alejandra Soto, Investor Relations and Social Responsibility Officer | [email protected] |
| Gisela Murillo, Investor Relations | [email protected] |
| +52 33 3880 1100 ext. 20294 |