Background on Key Figures and Relevance
On May 8, during the 88th Banking Convention in Nuevo Vallarta, the Secretariat of Administration and Finance (SAF) of Mexico City and the Association of Banks of Mexico (ABM) signed a Collaboration Agreement to promote sustainable finance in the capital.
Juan Pablo de Botton Falcón, head of SAF, and Julio Carranza Bolívar, president of ABM, were present at the signing. This agreement reflects the commitment of Mexico City’s government, under the instructions of Mayor Clara Brugada Molina, to foster healthy, sustainable, and sustainable public finances. It aligns with ABM’s ongoing efforts to contribute to Mexico City’s sustainable development.
Details of the Agreement and Its Implications
During his speech, Secretary Juan Pablo de Botton Falcón emphasized the importance of collaboration between Mexico City’s government and the business sector to meet the city’s sustainability objectives.
He highlighted the significance of the Agreement for a Low-Emissions City, signed on April 1, 2025, with local entrepreneurs. The agreement involved Mayor Clara Brugada, SAF and Environment Secretariat (SEDEMA) heads, as well as Francisco Cervantes, President of the Mexico City Business Coordinating Council (CCE).
SAF’s strategy to promote sustainable finance in Mexico City includes introducing an Ecological Tax in 2025, which will allocate resources to environmental care and animal welfare without revenue-generating purposes. SAF will also work with the banking sector to design the City’s Sustainability Reference Framework and issue a green bond soon.
ABM President Julio Carranza Bolívar expressed optimism that this agreement will bring sustainable finance closer to Mexico City’s residents and businesses, contributing to more environmentally and socially positive projects. He acknowledged the banking sector’s crucial role in financing these initiatives.
Key Questions and Answers
- Who signed the agreement? The Secretariat of Administration and Finance (SAF) of Mexico City and the Association of Banks of Mexico (ABM).
- What is the purpose of this collaboration? To promote sustainable finance in Mexico City, aligning with the city’s sustainability objectives and ABM’s efforts to support sustainable development.
- What initiatives are part of SAF’s strategy for sustainable finance? Introducing an Ecological Tax in 2025, designing the City’s Sustainability Reference Framework with ABM, and issuing a green bond.
- How will this agreement impact Mexico City’s residents and businesses? It aims to bring sustainable finance closer, fostering more environmentally and socially positive projects with the banking sector’s support.
