Current state of ESG in Mexico
Mexico has made significant progress in sustainability in recent years, with a number of initiatives and policies aimed at reducing greenhouse gas emissions, protecting the environment, and promoting social responsibility.
One key area of progress has been in the renewable energy sector. Mexico has set ambitious targets for increasing its use of renewable energy sources, with a goal of generating 35% of its electricity from renewable sources by 2024. The country has made significant progress towards this goal, with a number of large-scale wind and solar projects coming online in recent years.
Mexico has also taken steps to reduce its carbon footprint in other sectors. For example, the government has implemented fuel efficiency standards for vehicles and has encouraged the use of public transportation and electric vehicles. In the industrial sector, Mexico has introduced regulations to reduce emissions from factories and other facilities.
In addition to its environmental efforts, Mexico has also made progress in promoting social responsibility and sustainability in other areas. For example, the country has implemented programs to support small businesses and local communities, and has worked to improve working conditions and labor standards in various sectors.
Overall, Mexico has made significant progress in sustainability in recent years, and has demonstrated a commitment to continuing to improve in this area. While there is still work to be done, Mexico is well on its way to becoming a more sustainable and responsible country.