Mexico

ABM creates its ESG Commission

The Ministry of Finance issues a Draft for Consultation of the Mexican Sustainable Finance Mobilization Strategy

The Ministry of Finance issues the Sustainable Taxonomy of Mexico

The Mexican Association of Pension Funds Administrators issues the ESG Questionnaire for Issuers

The Mexican Financial Reporting and Sustainability Reporting Standards Board (CINIF) releases the project for auscultation of NIS 1 & NIS 2

The Inter-Institutional Committee for Gender Equality in Financial Institutions (CIIGEF) releases the Study Towards Gender Equality in the Financial Sector

ABM launched the Principles of Responsible Banking Academy Pilot courses

12 banks representing $423 billion of assets have TCFD-aligned reporting

Under ABM and CCFV's leadership, 35 commercial banks, development banks, and multilateral banks with operations in Mexico sign the Declaration in Support of the Development of Climate, Green and Sustainable Finance in the Mexican Banking Sector

Ministry of Finance publishes the first Annual Report of the Sustainable Finance Committee

ABM releases the first ESG report

The Financial Stability Council (CESF) forms the Sustainable Finance Committee

ABM becomes a permanent observer in the Sustainable Finance Committee of the CESF

ABM undertakes its first pilot exercise with a group of banks to identify green financing

ABM releases the first assessment report of its Sustainability Protocol implementation

ABM releases the first sustainability report in line with the 2030 Agenda

Total national green bond cumulative issuance is valued at $3.2 trillion

$427 billion (62 percent) of banking assets are held by banks that report on overall climate risks and/or their climate risk management approach

$566 billion (84 percent) of banking assets are held by banks that consider ESG integration requirements, as specified in the national sustainable finance framework

$885 million Sustainable Development Goals (SDGs) Sovereign Bond is issued, the first to be linked to the UN SDGs

CCFV requests voluntary ESG information disclosure by public issuers

Banxico publishes the Climate and Environmental Risks and Opportunities in Mexico’s Financial System: From Diagnosis to Action

ABM proposes criteria for the development of a green taxonomy

ABM issues ESG and climate risk tools

The National Commission for the Pension Savings System (CONSAR) issues ESG requirements for pensions investment (mandatory from 2022)

ABM launches the Social and Environmental Risk Analysis Tool (HARAS)

CCFV issues Green Bond Principles for Mexico

The Central Bank of Mexico (Banxico) becomes an SBFN Observer

Cambridge Institute for Sustainability Leadership, in collaboration with Banxico, ITAM, and GIZ, publishes Embedding Environmental Scenario Analysis into Routine Financial Decision-making in México

Launch of a Pilot for the Drought Stress Testing Tool

Mexico City issues Latin America and the Caribbean’s first municipal green bond for $48.5 million

First green bond issuance in Mexico by Nacional Financiera for $103.4 million

ABM and Semarnat join SBFN

First Mexican green bond issuance abroad by Nacional Financiera for $500 million

Launch of MexiCO2, a voluntary carbon credit exchange

ABM forms its Sustainability Committee

ABM publishes the Sustainability Banking Protocol