ESG Development in Consumer Staples and Healthcare 2023 update

This week, we come back to our ESG Development Heatmaps updates, focusing this time on the Mexican Consumer Staples and Healthcare sectors. As we have always done, we focused only on (1) companies listed on the Mexican stock exchanges and (2) the materials publicly disclosed by those companies.

Consumer Staples

Source: Publicly available company materials

Healthcare

Source: Publicly available company materials

What can we read from these heatmaps?

• Walmex has become the first company in this sector to identify KPIs and set specific goals for all its material topics.
• Chedraui is now aligned with the UN’s SDGs.
• Grupo Gigante published their first integrated annual report and has become a UN Global Compact’s signatory.
• Walmex, Kimberly-Clark, and Genomma Lab updated their materiality analyses, applying double materiality principles.
• There were no changes in the Healthcare sector.

Consumer staples and healthcare companies play a crucial role in meeting essential human needs, making their commitment to sustainability vital. By embracing sustainable practices, these sectors have the potential to become exemplars of environmental and social responsibility, inspiring external stakeholders to adopt more sustainable approaches. With their significant influence, a shift in these industries could drive widespread change. Hopefully we will see greater strides from companies lagging in the coming year.

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