Several countries and supranational entities such as the United States, Australia, Canada, United Kingdom, Japan and the European Union have put in place laws and regulations regarding ESG practices. In Mexico there exists no legal obligation on this front.

On June 26, 2023, the International Sustainability Standards Board (ISSB) issued its first two IFRS Sustainability Disclosure Standards (NIIF-S1 and NIIF-S2). This marks the beginning of a whole new era of disclosure requirements regarding sustainability in global capital markets.

The Mexican Council on Financial Information Standards (CINIF, its acronym in Spanish) has already established a strategy for the phasing-in of disclosure requirements established in NIIF S1 and NIIF S2, which will be obligatory for NON-public entities in Mexico.

In this respect, our service consists of working together with our allies at Praxity to guide clients in the gathering of the necessary data on ESG measures and policies. Likewise, we can advice on how to prepare the final report for stakeholders as well as provide guidance on the process to manage ESG data in the future, including in those areas in which it is planning to expand. Be it that you are considering implementing ESG controls or that you already have a structure in place, we can support to you in developing a strategic program that is configured to deliver sustained value every year.