ESG Development in Commercial Services Supplies and Energy update

This week, we are coming back to our ESG Development Heatmap updates, this time focused on the Mexican the Commercial Services Supplies and Energy sectors in Mexico. We only focused on (1) companies listed in the Mexican stock exchanges and (2) publicly disclosed materials.

Commercial Services Supplies

Energy

What can we read from these heatmaps?

Overall, there was little improvement in both sectors. Since they both are so small, it is difficult to envision something more extreme without any of the laggard companies really delving into developing a formal sustainability strategy.

Commercial Services Supplies

Very slight improvement was seen this year in this sector:

a) PASA became a signatory of the UN Global Compact.

b) PASA mapped its contributions to the UN’s Sustainable Development Goals (SDGs).

Energy

a) Vista Oil (now Vista Energy) updated its materiality analysis and published some KPIs for some of its material topics (together with KPI goals). It also started to align its reporting with TCFD’s framework and for the first time externally verified its report.

b) Cox is still relatively new to defining an ESG strategy.

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