Strategy

We focus on:

GHG Emissions Reduction GHG Emissions Monitoring Climate Change Risks Prevention

During our initial assessment we also identified challenges and barriers to the successful implementation of our assessment, for which we have also implemented action plans. Such as:

Action Plan
Phase	Barriers	Solution Strategy
GHG Emissions Monitoring
GHG Emissions Monitoring	Inaccutrate data	We obtained an online tool that validates the information captured with the corresponding receipts
GHG Emissions Monitoring	Lack of knowledge from our field teams on specific information requirements	We invested in the best technologies in order to obtain the greatest savings. We prioritized those properties with higher consumption in order to increase the return on investment
GHG Emissions Reduction
GHG Emissions Reduction	Cost-benefit of newer more efficient technologies	Prioritize properties where return on investment is higher
GHG Emissions Reduction	Market and sector structures	Invest hand in hand with our tenants and suppliers
GHG Emissions Reduction	Lack of information	Train our employees
GHG Emissions Reduction	Tenants culture or habits	Communication and awareness campaigns
GHG Emissions Reduction	Energy market regulations or structures	Search for suppliers with flexible schemes
GHG Emissions Reduction	Weak link to our operations	We engaged our employees on mitigation strategies
Climate Change Risks Prevention
Climate Change Risks Prevention	Current infrastructure state	Resilient infrastructure investment
Climate Change Risks Prevention	Current infrastructure state	We developed a Climate Change Vulnerability assessment

How do we reduce our emissions?

Over 90% of our carbon footprint comes from electricity consumption (scope 2).

Hence most of our reduction initiatives focus on making our properties more efficient, through:

Monitoring and automation systems for 33 properties
Compensation and harmonic filters for 39 properties
Retrofiting

LED technology for 57 properties
Renewable energy
Collective transportation for employee commuting

The 4,5% of our electricity intensity reduction was due to the positive response of our tenants and their engagement on the implementation of good practices in their spaces, such as: reducing lighting hours and turning off equipment when they leave the office, implementing collective transportation systems for their employees, reducing the number of elevators used after business hours, etc.

For 2020 we have implemented a direct campaign to engage our tenants through an online survey on Human Experience and transportation to acquire data on emissions, for example, those related to their commuting.

Waste management has been one of our largest challenges in terms of measurement, volume registration and controlling the final disposition of it. Due to the lack of culture in Mexico, hence, we started a pilot project in Portal San Angel with the collaboration of our top four waste generating tenants. This pilot has tried out different strategies, the pilot included accurate disposition of hazardous waste, accurate segregation of materials which can be revalued (pet, cardboard, aluminum) in order to reduce our emissions generated by waste going into landfills.

Alignment of our activities in all operations

At FUNO we have committed to reach our Science Based Target to reduce 67% of our total GHG Emissions Scope 1 and 2.

We support the production and consumption of renewable energy.
We abstein from engaging in forums, groups, stakeholder consultarions or meetings that are not aligned with the Paris Agreement goals.
Our public and private participations will always advocate for climate change solutions, the reduction of GHG emissions and the decarbonization of our portfolio.
We abstein from financing climate -skeptic groups or studies.

How do we monitor our emissions?

Consumption

Electricity
Fossil Fuels
Refrigerants

Water Data

Consumption
Wastewater Treatment

Transportation

Business Travel
Employee Commuting

Waste Generation

Recycled Waste
Others

Cómo monitoreamosnuestras emisiones - workflow

Every month, property managers upload the information and relevant evidence to our software, from which data is input into the GHG emissions calculator and allows us to calculate and monitor Greenhouse Gas emissions generated by our operations, resulting in our annual Carbon Footprint.

Evaluating climate change related risks is core to our ESG strategy and to our operations. Hence we have analyzed the vulnerability of our properties in the face of:

Increase of global average temperature
Floods

Water availability
Sea level rising

For this we take into consideration the recommendations of TCFD and the scenarios provided by the IPCC

For more detail, please look into the Vulnerability Assessment tab

Currently, in our due diligence process, prior to the acquisition of real estate we seek that the properties meet specific requirements for the area where they are located; for example, for those properties located in coastal areas, it is essential that they have infrastructure and security procedures that minimize the impacts of hydrometeorological phenomena of the region.

In the case of those properties that we acquire in its development phase or develop in its entirety, we include from these phases the engineering, architecture, and avant-garde technology necessary to face different natural phenomena.

Likewise, our properties have procedures and action plans to face meteorological phenomena, which are constantly reinforced and updated in order to increase the resilience of our properties to the effects of these phenomena.