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ESG Development in Capital Goods update

This week, we are coming back to our ESG Development Heatmap updates, this time focused on the Mexican Capital Goods sector. As in the past, we only focused on (1) companies listed in the Mexican Stock Exchange and (2) publicly disclosed materials.

Capital Goods

Source: Publicly available company materials

What can we read from this heatmap?

  1. There were no new companies sharing materiality analyses, but two of the ones who had already done a materiality analysis, updated it (ALFA and Rotoplas).
  2. While Rotoplas did share with the market a more robust set of ESG KPIs and goals, there isn’t a company that has shared KPIs for all their material topics in this sector yet.
  3. One new company committed to developing Science Based Targets (Rotoplas).
  4. Two new companies became signatories of the UN’s Global Compact (Interceramic and Kuo).
  5. Two new companies improved their reporting standards, better aligning to GRI (Interceramic and Kuo).
  6. Two new companies shared SASB indicators (ALFA and Kuo).

Overall, the Capital Goods sector remains quite divided between companies with very solid strategies, and companies with still a long way to go in terms of even defining the strategy itself. We see as positive signs that both Interceramic and Kuo joined a global initiative and improved their disclosure. Hopefully the laggards in the pack will soon follow.

I hope you found this interesting. As usual, if there is anything we can help you with, or if there is an ESG topic you would like to know more about, please let us know.

Best,

Marimar

CEO, Miranda ESG

Contacts at Miranda Partners

Damian Fraser
Miranda Partners
damian.fraser@miranda-partners.com

Marimar Torreblanca
Miranda-ESG
marimar.torreblanca@miranda-partners.com

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