Financial Pathways for a Greener Future: MSS 2024

At Mexico Sustainbaility Summit 2024, experts stressed that advancing sustainability in Mexico demands a fresh approach from financial institutions. SACE marks 10 years in Mexico, highlighting the country's growing role as a hub for Italian exports and nearshoring. In addition, IFC and HSBC AM launched a fund focused on emerging markets, aimed at boosting sustainable growth and attracting institutional investors.

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Money Matters: Financing the Future of Sustainability in Mexico

The future of sustainability relies heavily on securing financing to implement ESG strategies effectively. While ESG concerns have increasingly become part of the economic agenda, many Mexican companies still lag in adopting these practices. Financial institutions play a pivotal role in helping companies comply with ESG standards, thereby improving their access to financing and maintaining competitiveness. Although challenging, financial institutions can leverage their experience from other markets to support Mexican companies in this transition.

SACE Celebrates 10 Years in Mexico

Italy-based insurance and financial company SACE celebrates 10 years of operations in Mexico, marking the occasion as a testament to its positive impact on Italian exporters. According to SACE, over these years, Mexico has become its most important market in the Latin American region.

IFC, HSBC to Launch Emerging Market Sustainable Bond Fund

The International Finance Corporation (IFC), a World Bank Group member, and HSBC Asset Management (HSBC AM) announced a new initiative to create a specialized fund targeting corporate bond issuers in emerging markets. This fund will focus on increasing access to finance and supporting sustainable growth in these regions.

Mexico's Proposed Pension for Women Estimated at MX$69.5 Billion

The Mexican government’s proposed non-contributory pension for women aged 60 to 64 is estimated to cost approximately MX$22.1 billion in 2025, with costs rising to MX$69.5 billion by 2030, according to a report from the Mexican Institute for Competitiveness (IMCO). 

Nike 1Q24 Sales Drop 10%

Nike has reported low financial results for its first fiscal quarter, with sales falling 10% to US$11.59 billion. This decline, along with worsening projections, follows the recent appointment of new CEO Elliott Hill. Sales in key regions such as North America, Europe, Africa, and the Middle East saw significant declines, while Nike’s Converse brand continued to struggle.