January 26th, 2023 – This week, Miranda ESG shared its annual update of the Mexico: ESG Development in the Public Equity Market– 2022 report, covering the 2022 annual reporting season for publicly listed companies in Mexico. A few key highlights from the report include:
- All sectors in the Mexican market made progress on their ESG strategies and communication efforts over 2021, but there is still a lot of room for improvement in ESG Development.
- SASB adoption continued this reporting cycle. 70% of sustainability reports in Mexico now include SASB (vs. 40% in 2021 and 10% in 2020).
- Based on its heatmaps, the most ESG-mature sectors in Mexico are Metals & Mining and FIBRAs. The least ESG-mature sector in Mexico is still Commercial Services Supplies.
- ESG KPIs are becoming more popular, as every year new companies launch a full set of performance indicators to measure all their material topics.
- The adoption of international initiatives (such as TCFD or the UN’s Global Compact) continues to increase year on year. Miranda ESG expects this to continue as investors see this as a way to prove that companies are serious about their ESG efforts.
Miranda Newswire – Full Report: Download PDF
ESG Contact Details
Marimar Torreblanca, CFA, CEO
marimar.torreblanca@miranda-newswire.com