We are the first and largest REIT in Mexico.
We operate and develop a wide spectrum of properties, mainly within the industrial, retail and office segments. Becoming a natural propulsor of progress wherever we operate, and delivering growth opportunities for our employees, tenants, guests and neighbors.
Creating sustainable value in our properties through the leasing, operation, acquisition and development of real estate properties, in key locations with high economic dynamism and growth perspectives in Mexico. Striving to always synchronize our business model with our tenants growing expectations, mainly in the industrial, retail and office segments.
1,392.6 training hours on ethical issues in 2018. 100% of our employees, suppliers and Technical Committee members signed and are aware of our policies and anti-corruption practices. In 2019 we are committed to evaluate 100% of our Full Time Employees on the organization's Code of Ethics.
In 2018 we continue with zero corruption cases which have transcended legally or financially. Result of our commitment to comply with all applicable regulations and strengthen FUNO’s philosophy.
In FUNO we do not make political contributions, nor do we support any political organization. However, we respect individuals right to support or participate in Mexico’s political life.
We updated our 2016 materiality matrix –which is the basis for our sustainability strategy– in 2018 we executed a companywide risk assessment, including environmental, social and Corporate governance risks.
This process includes:
Our universe was duly represented by the reality of our portfolio:
Our risk assessment included risks within the following scopes:
The risk prioritization was determined through a heat map, which considers the evaluated risks impact vs probability. Our assessment shows the following risks as most likely:
However, our matrix of probability vs impact, shows the following as the risks with highest threats:
Our identified emerging risks are:
In 2019 we will execute a risk assessment, including financial and reputational risks, considering also our ESG risk assessment as part of identified risks.