UN 2030 agenda defined sustainable development and ESG objectives, see #111621.
Protection of natural resources is of vital importance for corporate governance criteria.
Along with profitability ESG criteria must be considered to finance sustainable projects.
There is an incentive to maintain the capacity to generate value in the long term, recognizing the risks associated with said criteria in a globalized environment.
Amendment Highlights
Requires institutions and mutual insurance companies to incorporate ESG criteria into their corporate governance, comprehensive risk management and investment policies.
Establishes a regulatory framework for the insurance and surety sector to achieve sustainable development objectives with investments in a socially responsible strategy.
With the aim to strengthen the solvency of the institutions in protection of the public interest, as well as the interests of the insured , society and the general environment.
Effectiveness
Circular will enter into force on the day after its publication in the official gazette.
Jun. 2024 MEX INS Official Gazette
On Jun. 5, 2024, MEX INS published Circular 2/24 in the gazette, effect Jan. 1, 2025.
