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Risk Management

FUNO continuously performs risk assessments; currently the highest governance body in charge of performing risk assessments is the Audit Committee which is 100% independent.

To typify breaches, non-identified risks or any other values which may affect our operations; we have hired a third independent party which advises, verifies, examines and performs regular risks assessments.

FUNO regularly publishes different risks to which our properties, the organization or the Real Estate sector may be exposed. We do so through our annual report, prospectus, web page, presentations, interviews, etc.

Amongst the main risks, we have identified are:

1

Floods.

2

Water availability.

3

Changes in sea level.

4

Increase in average temperature.

5

Reliance on our tenants: our operations may suffer if a significant number of tenants or any of our main clients, become incapable of fulfilling their financial obligations to us.

6

Increase in average temperature.

7

Economic trends in our sector or market.

8

Changes in applicable legislation and public policies.

9

Our assets are exposed to climate change risks, natural disasters and meteorological phenomena; such as hurricanes, tropical storms, earthquakes, etc.

10

Riesgos de salud en nuestros colaboradores.

11

Reliance on our executive team for success, we may not be able to find a suitable replacement if their contracts expire or key elements leave the organization.