Embedding Sustainability in Every Square Metre

At First Mutual Properties, sustainability is more than a commitment—it's a strategic imperative. In 2024, we continued to strengthen our Environmental, Social, and Governance (ESG) foundations across the business. From advancing solar energy initiatives and water stewardship to enhancing workforce wellbeing and embedding ethical governance, our ESG agenda reflects a forward-thinking approach to value creation. We believe that responsible real estate investment goes hand in hand with long-term performance, stakeholder trust, and social impact.

Environmental Sustainability

  • Energy Efficiency: FMP generated 7,175 kWh of solar energy in 2024, contributing to lower reliance on fossil fuels and promoting cleaner operations.
  • Resource Management:

    • Water usage increased to 193 megalitres, up 72% from 2023, reflecting better reporting and infrastructure use.
    • Electricity usage rose marginally by 2%, with 111,168 kWh consumed.
    • Diesel consumption totaled 12,040 litres, a 4% increase, supporting power backup and fleet operations.
  • Green Building Integration: All new developments incorporate Environmental Impact Assessments (EIAs) and sustainable design, including solar readiness and community infrastructure (e.g., roads, transformers, sewer systems).

Social Sustainability

  • Human Capital:

    • Workforce grew to 38 employees (+9%), showing investment in capacity.
    • Training hours declined to 4 hours per employee, but were focused on priority upskilling.
    • Enhanced internal training, executive development, and digital literacy programs were rolled out to support a future-ready workforce.
  • Community Engagement:

    • Social investments through CSR initiatives, bursaries, and local procurement support social and economic upliftment.
    • FMP prioritises inclusive tenant practices, SME support, and clear stakeholder engagement across employees, tenants, government, and communities.

Governance Excellence

  • Ethical Conduct: FMP maintains high standards of compliance and transparency, aligning with Zimbabwe Stock Exchange requirements and international frameworks such as the Global Reporting Initiative (GRI) and IFRS.
  • Board Oversight: ESG strategy and materiality are overseen by the Board and executive leadership, with sustainability integrated into risk management and performance KPIs.
  • Responsible Business Practices:

    • Contractors and tenants are screened for compliance with safety and social standards.
    • Procurement practices favour local and ethical suppliers.

Latest Report

For a comprehensive overview of FMP's Environmental, Social, and Governance (ESG) initiatives, please refer to our most recent annual report.

  • First Mutual Properties releases its 2024 Annual Report