Desarrollo ESG en Energía y Bienes de Equipo en México
This week, as promised, we are sharing our ESG Development Heatmap for 2 new sectors in Mexico: Energy and Capital Goods. As in the first heatmap we shared for Mexican FIBRAs, we are focused only on (1) companies listed in the Mexican Stock Exchange and (2) publicly disclosed materials. Energy Capital Goods […]
¿GRI vs SASB? O ¿GRI + SASB?
This week we attended an ESG webinar organized by NYSE on ESG reporting standards. The two key speakers were the CEO of GRI (Tim Mohin) and the CEO of SASB (Janine Guillot). Since both organizations announced their intentions to collaborate around a month ago, companies have been trying to understand the rationale behind this decision and how this […]
Nuestro primer ESG development heatmap para México (FIBRAs)
This week I am doing something a bit different than other weeks. Over the past few months, we have heard from many people that they do not really know where to start when they are starting to build a company’s ESG strategy. ESG can be a bit overwhelming as it covers so many things, and companies […]
¿Quién es SASB? y ¿por qué le cae bien a los inversionistas?
This week I want to talk about SASB’s standards and whether companies who report under the GRI’s methodology should look into them as a complement or a substitute. Who is SASB? SASB stands for Sustainability Accounting Standards Board. SASB was founded in 2011 as a non-profit organization focused on independent standards setting. According to its website, this organism’s […]
Objetivos Basados en la Ciencia
This week I want to talk about the Science Based Targets initiative. Investors who are actively pushing companies to improve their disclosure on ESG topics, many times mention they would expect companies to align to this initiative, and that their emission reduction targets should be science based. But, what does this really mean? And how can companies comply […]
Las nuevas opciones de inversión ESG en México
This week I want to portrait two new ESG funds available in Mexico: one from Santander Asset Management which will follow Santander’s global methodology for ESG integration in Mexican equities (with an active management approach) and one from Blackrock together with Citibanamex which will offer Mexican clients access to Blackrock’s global ESG portfolio suite (combining […]
La solicitud del CCFV de información sobre el cambio climático
This week I am going to briefly discuss the request to public issuers regarding their disclosure of climate risks that was published by the Green Finance Advisory Council (CCFV for its acronym in Spanish) in Mexico. But first, who is the CCFV in Mexico? According to Mexico’s Central Bank (Banxico), the CCFV is a an […]
¿Qué hay que saber de los ODSs en un contexto de inversión?
This week I want to briefly discuss what companies and investors need to know about the UN’s SDGs and how they can incorporate SDG-related goals into their investment process or business model. The UN launched its Sustainable Development Goals (SDGs) in 2015. Since then, there has been a continuous discussion on how institutional investors can […]
¿Qué importa más? La E, la S, o la G (con datos de MSCI)
This week I want to flag a report from MSCI ESG Research which tries to assess whether the E, the S, or the G in ESG contribute more to risk and return. The report first studies the impact of E, S, and G scores on financial valuations. Then it studies whether the individual ESG Key […]
El nuevo índice ESG en México
This week I want to give an overview of the new S&P/BMV Total Mexico ESG Index which just launched. Some of you may remember the Mexican Stock Exchange (BMV) used to have a sustainability index before – the IPC Sustentable. In March this year the IPC Sustentable became obsolete, and the BMV, together with S&P, […]