On May 8 and 9, 2025, during the 88th Banking Convention held in Nuevo Nayarit, the Association of Banks of Mexico (ABM) reaffirmed its commitment to sustainable financing by presenting an update of the Banking Sustainability Protocol and signing an agreement with the Government of Mexico City to promote responsible financial practices.
What is the Banking Sustainability Protocol?
The Protocol, initially signed in 2016, is a voluntary agreement between financial institutions to integrate environmental, social and governance (ESG) criteria into their operations. It currently has more than 40 banks, including development institutions and multiple banks.
Key developments
ABM has strengthened the Protocol through six strategic pillars:
- Corporate governance, leadership and senior management commitment.
- Integral management of risks associated with sustainability.
- Offering thematic financial products and instruments.
- Sustainable practices within the banks.
- Supply chain support.
- Monitoring, follow-up and disclosure.
In addition, the agreement signed with the Government of Mexico City seeks to articulate joint projects that encourage the financing of sustainable initiatives in the capital, including schemes such as green bonds and tax benefits.
Implications for companies
The strengthening of these guidelines suggests greater sustainability requirements for accessing financial products. Banking institutions could incorporate new ESG criteria in risk assessment and credit allocation, which will have a direct impact on the profile of companies seeking financing.
Recommendation
It is recommended that companies review their sustainability policies and non-financial reporting mechanisms to align them with the criteria that the banking sector will begin to apply more systematically in its financing processes.
At Vega Guerrero & Asociados, we offer specialized advice to prepare your company for the new sustainability guidelines promoted by banks in Mexico. Our team provides support in the review of internal policies, ESG risk assessment and strengthening of corporate practices, with the objective of facilitating access to bank financing under sustainable criteria and aligned with the pillars of the ABM Protocol.
