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ESG in Latin America
Workers’ rights in Mexico
A common thread running through this report is that companies take on ESG commitments in a range of different circumstances. At one end of the spectrum a decision to commit to specific ESG goals may be purely voluntary and reflect a particular company’s vision of a desirable future for the world. At the other end of the spectrum ESG activity may be absolutely obligatory, required by international treaties, national legislation, or regulatory bodies. There are many ‘in -between’ situations between those two points. Companies that float green bonds may, by doing so, be signing up to specific metrics on emissions, decarbonisation, or water use. International trade agreements may make certain types of ESG commitment and reporting obligatory for certain export markets but not for others. A company may choose to take on commitments for PR or marketing purposes or because they will attract particular types of customers. Sometimes there will be a mix of motivations, and these will shift over time.
