ESG Development in Mexican Consumer Staples and Healthcare

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: Companies’ publicly available materials

Healthcare

Source: Companies’ publicly available materials

What can we read from these heatmaps?

• Chedraui and Genomma Lab updated their materiality analyses, and both companies incorporated double materiality principles for the first time.
• Médica Sur published its materiality assessment for the first time, although it does not specify the year in which it was conducted. The company also reported for the first time under both GRI and SASB standards.

Progress across both sectors remained relatively limited, partly because these are small industries with a clear divide between companies that maintain an active relationship with the market and those that do not. Even so, the regulation taking effect next year will likely serve as an important catalyst, particularly for companies with low-liquidity stocks.

We hope that lagging companies will take more decisive steps going forward. They have clear examples within their own sectors, where some players have already established strong practices and demonstrated a clear path in sustainability.

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