Benefit and Commond Interest Companies(SBIC)
SBIC
Benefit and Common Interest Companies (SBIC) have been recognised in our legal structure following the publication of Law 18/2022 of 28 September on company creation and growth, known as the Create and Grow Law.
SBICs remain subject to specific state regulations to verify our performance through specific validation methodologies.
“ALAS is Spain’s first SBIC constituted in the housing sector”
Greater levels of transparency
We explicitly generate a positive social and environmental impact through our activities; and we voluntarily adhere to higher levels of transparency and accountability in the performance of our social and environmental objectives, and when considering the relevant stakeholders in our decision-making process.
“An SBIC has a three-fold objective: to generate economic, social and environmental value”
Purpose Committee
A Prupose Committee monitors compliance with Company’s objectives and social well as making sure we stick to our long-term social purpose.
The ALAS Purpose Committee is currently composed of one person. Pere Esteve, Chairman of the Purpose Committee.
