Mexico FIBRAs Advance ESG as 79% Track Pay Gaps

The Mexican Association of Real Estate Investment Trusts reported progress on gender equality across Mexico’s real estate investment trust sector, with 79% of member FIBRAs conducting gender pay gap assessments and several surpassing 30% female representation on their boards. The sector is also expanding workplace policies, including flexible arrangements for mothers and internal metrics to track gender representation and salary disparities. The trend highlights how gender governance and social indicators are becoming embedded in corporate management practices across Mexico’s listed real estate sector and broader capital markets. 

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The Mexican Association of Real Estate Investment Trusts (AMEFIBRA) reported new progress on gender equality and ESG initiatives within Mexico’s real estate investment trust sector as part of activities linked to International Women's Day. The association said its members are expanding gender inclusion policies and corporate governance practices while strengthening ESG integration across the sector. 

José Antonio Romero López, president of AMEFIBRA’s Sustainability and ESG Committee and sustainability director, Fibra MTY, said advancing gender equality is increasingly recognized as a strategic component of corporate development. “Companies must move toward business models that integrate gender equality as a strategic element for long-term value creation,” Romero López said during the presentation of the guide.

According to AMEFIBRA, its members are implementing internal metrics and policies to track progress on gender representation and workplace equality. Currently, 79% of FIBRAs conduct gender pay gap assessments, allowing companies to identify disparities and develop policies aimed at closing them. The sector has also adopted social indicators that measure progress in areas including gender representation in organizational structures, salary gap analysis and employee satisfaction.

Data cited in the guide from the United Nations SS Market Monitor shows that among the 100 largest publicly listed companies in G20 markets, Mexico ranks 21st, with women occupying 12% of board positions. Within the FIBRA sector, some organizations have already exceeded 30% female representation on their boards of directors, reflecting efforts to strengthen gender diversity in leadership roles.

Workplace policies have also evolved. According to AMEFIBRA, 86% of FIBRAs have implemented flexible work arrangements for mothers, while 57% participate in international organizations that promote sustainability and ethical standards. These include initiatives such as the United Nations Global Compact and the Women's Empowerment Principles.

The association said these measures form part of a broader strategy to integrate environmental, social and governance considerations into corporate decision-making and long-term investment planning. These efforts include participation in a new corporate guide developed by the Mexican Stock Exchange (BMV) aimed at promoting gender equality as a driver of long-term value creation. According to the organizations involved, the guide seeks to strengthen corporate governance practices related to gender equity across companies listed in Mexico’s capital markets and the broader business ecosystem.

Another example highlighted by the association is the participation of Fibra MTY in the working group that developed the guide titled “Gender Equality: Pillar of Corporate Sustainability and Profitability.” The initiative, coordinated by BMV, also involved companies including Fresnillo plc, Liverpool and Sempra Infraestructura.

ESG Performance Recognized Globally

Beyond gender initiatives, the Mexican FIBRA sector has also strengthened its overall ESG profile, reflected in international sustainability benchmarks. In February, four members of AMEFIBRA were included in the S&P Global Sustainability Yearbook 2026, a ranking that evaluates corporate sustainability performance worldwide. The recognized issuers were Fibra Danhos, Fibra MTY, Fibra Uno and Fibra Prologis.

The yearbook selected 848 companies from more than 9,200 evaluated globally. Mexico placed 17 companies in the 2026 edition, indicating increased alignment with international sustainability standards.

According to sector data, ESG integration has become a structural component among AMEFIBRA members. Currently, 100% of affiliated FIBRAs report ESG indicators, 90% promote diversity and inclusion policies and 87% maintain formal sustainable development strategies.

The sector has also expanded renewable energy adoption within its real estate portfolios and positioned itself as a major issuer of green bonds in Mexico’s property market. Total green bond placements by FIBRAs have exceeded US$1.9 billion.

In terms of sustainable infrastructure, more than 8 million m2 of FIBRA properties have obtained international environmental certifications. These include LEED, EDGE, Green Key and BOMA Best, which measure performance in areas such as energy efficiency, water management, emissions reduction and operational governance.

Jorge Ávalos, AMEFIBRA’s president, said the international recognition confirms the sector’s capacity to operate under global sustainability standards. In addition, he argued the recognition reinforces the ability of Mexican FIBRAs to attract capital from international financial markets seeking ESG-aligned investment opportunities.