ESG Development in Mexican Materials update

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

Materials

Source: Companies’ publicly available materials

What can we read from these heatmaps?

• CYDSA is now aligned with TCFD.
• Alpek and Cemex updated their materiality analyses.
• Vitro and Proteak paused their reporting.

Overall, progress in this sector was minimal, with disclosures and sustainability narratives largely stable year over year and changes tending to be incremental rather than transformative. The most visible shifts were the deterioration in reporting in issuers undergoing corporate transitions (Vitro and Proteak).

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