Economy & Business - October 2023

MEXICO: Sustainable financial strategy welcome but contrary to priorities

On 18 September Mexico’s finance ministry (SHCP) announced its commitment to mobilise M$15trn (some US$878bn) to meet the United Nations (UN) Sustainable Development Goals (SDGs) by 2030. The SHCP said its sustainable finance mobilisation strategy (EMFS) follows an initial step which was the sustainable taxonomy that was unveiled in March. The taxonomy seeks to classify sustainable economic activities and improve investment decision-making with a sustainable perspective. The SHCP also announced that it will create related regulation that will provide clear rules to enable sustainable investments to materialise.

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