Mexico's Sustainable Bonds Reach Historic Highs in 2023

In 2023, BMV achieved a remarkable 48% year-on-year surge in thematic bond issuance. Meanwhile, INECC is set to employ cutting-edge technology for wood identification, enhancing efforts to combat deforestation. 

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BMV's Historic 2023: Shaping Mexico's Green Financial Landscape

In 2023, the Mexican Stock Exchange (BMV) achieved a record in thematic bond issuances, raising MX$131.1 billion (US$7.6 billion), a 48% increase against the previous year. The surge is driven by sustainability-linked and sustainable bonds, with linked bonds reaching MX$59.6 billion (45% of total) and sustainable bonds totaling MX$41.2 billion (31% of total issuances). BMV, holding an 85% share of sustainable financing in Mexico, is a leader in the country's growing sustainable finance market, with 40% of Mexico's long-term debt market now comprised of ESG-labeled bonds.

Mexico Adopts Advanced Technology to Curb Deforestation

The National Institute of Ecology and Climate Change (INECC) in Mexico has introduced an innovative technological tool to identify illegally sourced timber and combat wood trafficking in various regions of the country. This state-of-the-art machine utilizes Direct Analysis in Real Time-Time of Flight Mass Spectrometry (DART-ToFMS) technology, offering fast, precise, and cost-effective wood identification through a comprehensive chemical profiling process. This initiative, part of the "Strengthening Wood Identification Capacities in Mexico" project, involves collaboration with the United States Northern Command (USNORTHCOM) and the US Forest Service, aiming to contribute to environmental conservation and territorial protection by curbing illegal logging.

Automakers Pioneer Green Initiatives in Auto Recycling

Leading automakers in Mexico, including Toyota, Volvo, Jaguar, Hyundai, and Nissan, are prioritizing sustainability by recycling auto parts, batteries, and aluminum to drive new vehicle production. Toyota Mexico envisions end-of-life vehicle recycling facilities and highlights the success of Toyota Metal in Japan, which recycles 400 tons of automotive resources daily with a 99% recycling rate. Jaguar Land Rover focuses on reducing environmental impact through the use of recycled aluminum, while Volvo Cars Mexico collaborates with sustainable suppliers, and Hyundai plans to accelerate investments in Mexico for electrified vehicles and battery production, aiming for zero carbon emissions globally by 2045.

Sheinbaum's Green Legacy: Environmental Leadership in Mexico City

Claudia Sheinbaum, MORENA's presidential candidate, highlighted her commitment to environmental protection and emission reduction, citing achievements during her tenure as Mexico City's former mayor, including an annual reduction of over 2 million t of CO2. Sheinbaum emphasized key initiatives, such as the San Juan de Aragon recycling plant and the Azcapotzalco transfer station, showcasing her dedication to sustainable practices. The upcoming inauguration of a 17.5MW solar plant in Mexico City's central market was also highlighted, expected to generate 26GW/h and significantly contribute to climate change mitigation efforts.

Grupo Bimbo Targets 40% Female Leadership by 2030

Grupo Bimbo, a leading global baking goods company, has committed to the United Nations' Women's Empowerment Principles (WEPs) to advance gender equality in the workplace, market, and community. The company aims to achieve 40% representation of female talent in leadership positions globally by 2030 and implement Diversity, Equity, and Inclusion (DEI)-focused economic autonomy projects. Grupo Bimbo's commitment includes addressing gender-specific concerns, promoting gender education initiatives, and actively working to eliminate workplace harassment, discrimination, and gender-based violence.

Tetra Pak Promotes Circular Economy in Mexico

Tetra Pak is actively promoting environmental education and social responsibility in Mexico through initiatives and partnerships aimed at encouraging proper waste separation and contributing to a circular economy. In 2023, the company conducted awareness campaigns in over 40 cities, installed containers and furniture made from recycled Tetra Pak packaging, and collaborated with municipalities to facilitate packaging collection and recycling. Tetra Pak's broader strategy, involving 18 allies in Mexico, recycled 52,866 tons of packaging in 2022.