In Mexico, Only 1.6% of Investment Funds are Dedicated to Sustainability
- Only 10 out of the 160 investment funds in Mexico incorporate sustainable investment criteria, aiming to invest in environmentally and socially responsible companies.
- According to Santander, the Mexican market is still underdeveloped in terms of sustainable investments compared to Latin America, but it is becoming an important investment front.
In Mexico, out of the 160 existing investment funds, only 10 incorporate sustainable investment criteria in asset selection. These funds aim to invest in companies that meet environmental, social, and corporate governance (ESG) standards. Santander asserts that the country still has a long way to go in this field.
According to Ana Rivero Fernández, Director of Sustainable Investments at Santander Wealth Management and Insurance, although the Mexican market is underdeveloped compared to Latin America, sustainable investments and financing are no longer just a niche or a trend for a few investors, but a significant investment front.
"The Mexican market is still developing, just like the Latin American market. Even the United States doesn't reach the level of development seen in Europe," explained the executive from Madrid. In August 2020, Santander Asset Management launched the first ESG investment fund in Mexico. To date, these funds have assets under custody totaling $1.592 billion.
