Miranda ESG-IASE Report: What are Mexican Corporates doing in Sustainability Topics?

January 16, 2025 – A long-awaited report based on a survey conducted at the  IASE/Enfoque Noticias Sustainability Forum last November has been released. This survey explored the sustainability practices of 60 Mexican companies, providing valuable insights into both publicly listed and non-listed organizations. This initiative aimed to go beyond the well-documented practices of listed firms and begin understanding the efforts of non-listed companies in Mexico—offering a broader perspective on the sustainability landscape.

Key findings from the report highlight several critical trends and areas of opportunity:

Key Highlights from the Survey:

• Sustainability Strategy: 62% have formal strategies, with 43% fully integrating sustainability into core business operations.
• Sustainability Reporting: 53% report on sustainability topics. Non-listed companies are less likely to be aligned with global standards.
• Materiality Analysis: Only 39% have conducted materiality analyses, highlighting an area for improvement.
• Climate and Resource Management: 33% have formal climate change policies, and 33% manage natural resources, with room for broader adoption.
• Social Impact: 30% measure social impact, and 50% have DEI policies in place.
• Green Technologies and Supply Chain: 35% have adopted green technologies, and 62% are evaluating sustainability within their supply chains, but none have fully established sustainable supply chains.

The survey results show that while many companies are making important progress, there is a critical need for faster and more widespread adoption, particularly among some topics in non-listed businesses. In an increasingly interconnected and environmentally conscious world, businesses that fail to integrate formal sustainability strategies, transparent reporting, and responsible supply chain practices risk falling behind.

Companies that embrace sustainability not only future-proof their operations but also position themselves as leaders, driving long-term success, stakeholder trust, and meaningful change.