BackOn March 16, 2023, the Ministry of Finance and Public Credit presented the Sustainable Taxonomy of Mexico, an indispensable tool to assess the sustainability of investments in the financial sector and provide a framework of reliability to responsible investing in the Mexican market.
What is a Taxonomy?
A Sustainability Taxonomy is a classification system that allows the identification and definition of activities, assets or investment projects that have positive social and environmental impacts, according to previously established bases, metrics and criteria. The objective of a taxonomy is to provide greater clarity, certainty, transparency, and reliability to markets, while seeking to encourage investment in sustainable activities and provide better monitoring of financing flows destined for sustainability.
