ESG Development in Mexican Telcos & Media / Transportation update

This week, we come back to our ESG Development Heatmaps updates, focusing this time on the Telcos & Media and Transportation 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.

Telcos & MediaSource: Companies’ publicly available materials

TransportationSource: Companies’ publicly available materials

What can we read from these heatmaps?

• Megacable’s annual report is now externally verified
• Megacable is also now aligned with CDP and developing a climate risk study.
• América Móvil, Axtel, Megacable, and Televisa updated their materiality analyses.
• Aeromexico is now aligned with TCFD.
• Volaris is now a signatory of the UN Global Compact.

Megacable’s progress over the past few years continues to stand out, as the company steadily closes the gap with the industry’s more advanced players. Materiality updates across the rest of the sector were encouraging, though broader developments remained limited.

As for the Transportation sector, progress was modest. This is largely because most companies already have well developed ESG strategies and communication practices.

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