|Led by: Global Green Growth Institute (GGGI)|
"CNBV is committed to contributing to sustainable development and the adoption of ESG disclosures in the financial sector. In response to this, the project focuses on developing the tools, capabilities, and knowledge products tailored for financial authorities and entities regarding sustainability criteria, frameworks, standards, and best practice. This will help mobilise financial flows to sustainable developments and pave the way towards meeting current investors’ needs."
- Humberto Ahuactzin, Coordinator of International Banking and Financial Organizations, National Banking and Securities Commission (CNBV)
This project has been working to assist the Mexican National Banking and Securities Commission (CNBV, Mexico’s financial regulator) to mainstream green finance by building capacity on climate-related risks. Its aim is to support the sustainable development goals (SDGs) and green financing commitments of CNBV and help the Mexican financial institutions to incorporate ESG standards and climate-related risks in their operations.
To do so, the project has built the capacity of the CNBV and the Mexican financial sector through knowledge products, an Environmental, social, and corporate governance (ESG) self-assessment tool for financial entities and issuers of securities, and training on sustainable finance.
In its next phase, the project will continue developing policy recommendations, tools, and build the capacity of CNBV and members of the Sustainable Finance Committee in order to help accelerate the development of relevant regulation, compliance with standards by financial institutions and bolster a rapid transition towards a low carbon, climate resilient economy.