This week, we are coming back to our ESG Development Heatmaps updates, turning to the Mexican Consumer Discretionary sector. As we have always done, we focused only on (1) companies listed on the Mexican stock exchanges (BMV and BIVA) and (2) the materials publicly disclosed by those companies.
Source: Publicly available company materials
What can we read from this heatmap?
CMR and Grupo Hotelero Santa Fe have not updated their materiality analyses since 2015 and 2019, respectively. We recommend refreshing these analyses every two to three years to maintain sustainability strategies focused on what impacts the most your stakeholders and your company.
Three companies (CMR, Grupo Hotelero Santa Fe, and Grupo Vasconia) have yet to publish their sustainability/integrated reports for the latest reporting year (2022).
Elektra, Nemak, and Liverpool are now aligned with TCFD.
Liverpool also had its integrated report externally verified for the first time this year.
Alsea published SASB indicators for the first time.
There were few improvements in this sector this reporting cycle. In fact, some companies took a few steps back, since they have yet to publish their annual reports this year or still haven’t updated their materiality analyses.
On the positive side, Elektra, Nemak, Liverpool, and Alsea have continued to work on improving their strategies and reporting. They are clearly leaders in this sector, along with Hoteles City Express.
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.
CEO, Miranda ESG
Contacts at Miranda Partners