Sustainability Reports
Dominican Infrastructure Fund ESG Report
This 2022 Sustainability Report presents the environmental, social, and developmental performance of the Free Closed Investment Fund for the Development of Dominican Infrastructures I, a pioneering investment vehicle jointly developed by AFI Universal and CIFI AM to channel long‑term pension savings into strategic national infrastructure. Launched in 2018 with a total size of DOP 14 billion, the Fund has become the country’s first instrument allowing pension contributors to directly support the construction of transformative renewable‑energy and infrastructure projects. The Report outlines the Fund’s governance framework, anchored in the IFC Performance Standards, the Equator Principles, and national regulations, and highlights CIFI’s robust ESG risk‑management system, which ensures that all financed assets meet the highest international sustainability criteria.
By 2022, the Fund’s portfolio comprised four assets: Parque Solar Canoa, Parque Eólico Los Guzmancito, Termoeléctrica SIBA, and the Blue Mall & JW Marriott complex. Together, these projects generated more than 800,000 MWh of clean and reliable energy annually, expanded national installed capacity by over 300 MW, avoided over 300,000 tCO₂e per year, and provided access to energy for more than 500,000 people. They also supported the creation of over 2,700 jobs during construction and operations, while stimulating local economies through community development programs, training initiatives, biodiversity protection actions, and strengthened stakeholder engagement. As the first sustainability report of the Fund, the 2022 publication marks an important milestone, demonstrating how institutional capital can drive inclusive growth, climate action, and social well‑being while delivering stable, long‑term value for pension beneficiaries. It sets the foundation for a new investment paradigm in the Dominican Republic: one where financial returns and sustainable development advance hand in hand.