ESG Development in Mexican Consumer Discretionary

This week, we come back to our ESG Development Heatmaps updates, focusing this time on the Mexican Consumer Discretionary sector. 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 Discretionary

Source: Companies’ publicly available materials

What can we read from this heatmap?

• Alsea aligned with TCFD’s recommendations for the first time and Palacio de Hierro is in the process of doing so.
• Liverpool became a signatory of the UN’s Global Compact.

There was limited progress in this reporting cycle across the sector. Companies that have yet to seriously engage with sustainability topics made no meaningful advances, and even those with some prior progress largely remained where they were. There are even materiality analyses that will soon need to be updated.

In our view, greater transparency, refreshed materiality anlyses, and a commitment to regular reporting are essential. These practices not only help companies more effectively identify sustainability-related risks and opportunities, but also ensure they meet the growing expectations of their stakeholders. We hope to see more strides in the coming year as mandatory reporting becomes a reality.

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