Introduction

2min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

A sustainable or green taxonomy is a kind of dictionary of sustainable activities. It's designed to steer companies as they adapt their business strategies to climate change. Mexico announced its own sustainable taxonomy just over a month ago, but it's been several years in the making. To find out more, I spoke to Carlos Vargas, Professor of Finance at a Gary Business School in Mexico.

In this episode of the ESG Insider podcast we’re continuing our exploration of the sustainable taxonomies developing in countries around the world.

Today we’re turning to Mexico, which announced a new sustainable taxonomy in March 2023. According to the Mexican government, the taxonomy is the first in the world to consider social objectives. Achieving gender equality is one of its major goals.

To learn more, we speak to Carlos Vargas, Professor of Finance at EGADE Business School in Mexico who has published research on sustainable finance. We also hear from Enrique Lendo, who is project coordinator for sustainable finance at the UN Environment Programme in Mexico City and an adviser to the Mexican government on the taxonomy.

“The Mexican taxonomy is unique if you compare it with the other taxonomies because it balances the social aspects and the social goals that Mexico has...with environmental goals,” he tells us.

And we talk to Valeria Dagnino Contreras, who is Latin American sustainability manager for the nonprofit Climate Bonds Initiative and who advised on creation of Mexico’s taxonomy.

“We're seeing it as a reference for the whole region because there's a big challenge that we need to tackle in general in how we go about understanding the inclusion of women in the labor force,” Valeria tells us.

Listen to our episode on global taxonomies here: https://www.spglobal.com/esg/podcasts/how-sustainable-taxonomies-are-going-global

Listen to our episode on the EU taxonomy here: https://podcasts.apple.com/us/podcast/defining-green-what-investors-need-to-know-about-the/id1475521006?i=1000531954636

Photo source: Getty Images

DISCLAIMER

This piece was published by S&P Global Sustainable1, a part of S&P Global.

By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.

S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.