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Fibra Uno Administracion (FUNO), founded in 2011 and headquartered in Mexico City, is the first and leading real estate investment trust (REIT) in Mexico. Specialising in real estate leasing, operations and development, FUNO has established itself as a major player in the market. The company's diverse portfolio includes industrial, office, retail and mixed-use properties. In 2022, the company managed a gross leasable area (GLA) of 11 million square meters, encompassing 585 properties, and oversaw 612 operations across Mexico.
Summary
FUNO reports transparently on numerous sustainability topics. However, there is clear potential for the company to strengthen its performance in many areas. The company discloses its sustainability strategy covering several environmental, social and governance (ESG) topics. It also conducts human rights risk assessments within its operational sites. However, while FUNO develops and operates a diverse range of properties, it lacks disclosure on the affordability of its portfolio.
From an environmental perspective, FUNO discloses consecutive reductions in its scope 3 greenhouse gas emissions. Nevertheless, it should set long-term emissions reduction targets that are aligned with the 1.5°C trajectory and ensure consistent reductions across all of its material emissions. Additionally, while the company monitors properties close to high biodiversity areas, protected areas and national parks, it should commit to zero conversion of protected areas and set time-bound targets to promote and track ecosystem protection progress.
Ranking position
#17
/300
Total score
28.4
/100
Measurement area
Score
Rank (0-300)
Measurement area
Governance & Strategy
Score
# 1
16.7
/100
Rank (0-300)
#55
Measurement area
Inclusive Cities
Score
# 1
49.2
/100
Rank (0-300)
#10
Measurement area
Healthy Cities
Score
# 1
15.0
/100
Rank (0-300)
#45
Measurement area
Climate Proof & Resilient Cities
Score
# 1
16.7
/100
Rank (0-300)
#67
Measurement area
Core Social Indicators
Score
# 1
44.4
/100
Rank (0-300)
#11
Industries
Industries
Real estate
#6
More about the company
Headquarters
Mexico
Ownership structure
Public
Revenue
USD 1,187 billion (2022)
Number of employees
999 (2022)
Website
https://funo.mx
63716
