Key Figures and Relevance
Alba Aguilar Priego, the General Director of the Mexican Council for Sustainable Finance (CMFS), has issued a stern warning that delaying the transition to sustainable financial portfolios is no longer an option. As Mexico strives to maintain its competitiveness and fulfill climate commitments, the nation must expedite this transformation.
The Forum: Finanzas Sostenibles MX25
The Forum, titled “Rediseñando juntos las finanzas del futuro” (Redesigning Together the Finances of Tomorrow), brings together representatives from the financial system, investors, international organizations, and sustainability experts. The goal is to bolster Mexico’s role in transitioning towards a low-carbon economy.
Key Objectives
- Foster collaboration across various sectors to develop innovative solutions that support sustainability.
- Continue promoting education and awareness about the importance of integrating environmental, social, and governance (ESG) criteria in financial and corporate decision-making.
Competitiveness and Risks
Aguilar Priego emphasized that delaying the transition to sustainable finance carries economic and reputational risks:
- Withdrawing from international agreements or altering the climate narrative would inevitably impose costs on Mexico, limiting investment attraction and global competitiveness.
- On the other hand, advancing in financial transformation will generate new investment opportunities, green jobs, and better integration into global value chains.
She stressed that coordinated action is essential to maintain and elevate sustainable financing and climate commitments, ensuring market resilience and leaving a legacy for future generations.
Looking Ahead: Climate Change and Biodiversity
The forum also initiates a discussion on Latin America’s role in addressing climate change and biodiversity loss, highlighting that sustainable finance strategies and commitments are indispensable for the entire continent.
“Your commitment to sustainable finance is crucial for redesigning together the finances of tomorrow,” Aguilar Priego concluded.
Key Questions and Answers
- What is the main concern raised by Alba Aguilar? Delaying the transition to sustainable financial portfolios is no longer an option, as it carries economic and reputational risks.
- What are the objectives of the Finanzas Sostenibles MX25 forum? The forum aims to foster collaboration across sectors, promote education on ESG criteria, and strengthen Mexico’s role in transitioning to a low-carbon economy.
- What are the potential consequences of delaying sustainable finance? Withdrawing from international agreements or altering the climate narrative would limit investment attraction and global competitiveness.
- What benefits can be expected from advancing in financial transformation? New investment opportunities, green jobs, and better integration into global value chains will result from advancing in sustainable finance.
- Why is Latin America’s role in addressing climate change and biodiversity loss significant? Sustainable finance strategies and commitments are essential for the entire continent to tackle these challenges effectively.
