Viriato Receives FSC® and PEFC® Certification, Demonstrating Arrow’s Commitment to Sustainable Practices
Viriato, a Portuguese hospitality outfitter, and one of Arrow’s portfolio companies, has received certification from the Forest Stewardship Council (FSC®) and the Program for the Endorsement of Forest Certification (PEFC®).
This achievement is a testament to Viriato’s strong commitment to sustainable business practices, emphasising responsible forest management and alignment with the United Nations Sustainable Development Goal 12, connected to responsible consumption and production.
Arrow’s dedication to sustainability is deeply embedded across its various platforms and fund investments. Collaborative efforts include partnering with the Vilamoura municipality to utilise ‘grey water’ for golf course irrigation, revitalising contaminated brownfield land for residential housing, and fostering youth employability skills via Junior Achievement Europe (JAE). FSC and PEFC, as globally recognised entities, champion the cause of sustainable forest management. Through this certification, Viriato solidifies its role as an environmentally responsible entity, fully committed to sustainable practices.
Paulo Barrados, CEO of Restart Capital, stated: “Forest Certification provides tangible evidence of Viriato’s dedication to sustainable forest management. It emphasises the company’s robust dedication to preserving forests for present and future generations, promoting responsible consumption, and driving ethical practices within the industry.”
Echoing these sentiments, Jorge Morgado, CEO of Viriato, added: “By securing this certification, Viriato affirms its ethical stance, pledging not to use or supply wood from categories that breach ethical standards. This includes wood from illegally harvested timber and forests being converted to plantations or non-forest land uses, consistent with international labour principles.”
Congratulations to all colleagues involved in this important sustainability certification.
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Arrow Global Group
Arrow Global is a leading European vertically integrated alternative asset manager specialising in European private credit and real estate.
Founded in 2005, we own 19 best-in-class asset management and servicing platforms which allows us to enhance operational efficiencies and maximize the value of underlying assets which in turn allows us to have a disciplined investment approach, underwriting insight and proprietary dealflow. This vertically integrated advantage allows us to create sustainable value throughout market cycles across a range of alternative asset classes including Real Estate, Direct Lending and Opportunistic Credit.
With the added benefit of key European regulatory licences, we service approximately €70 billion of third-party AUM. Our strong track record, predominantly with real estate asset backed investments, spans across a broad range of opportunities, involving more than €8 billion invested over the last 18 years.
We operate across five European geographies with headquarters in London, and a further 15 offices including Milan, Rome, Lisbon, Porto, Amsterdam, Amersfoort, Luxembourg, Dublin, Manchester, Leeds, and Jersey.