Executive narrativeMexico’s formal environmental, social and governance (ESG) regime (understood as a mandatory framework for measuring and reporting ESG indicators and performance) had been a long time coming, before being officially rolled out by the Federal Government through:•the issuance of Mexico’s Sustainable Taxonomy (issued on March 16, 2023)•an amendment to the Securities Market Law (on December 28, 2023) setting forth that general provisions should be issued in the areas of sustainable and responsible development, as well as gender equity, and•the amendments to the General Provisions Applicable to Issuers of Securities and Other Participants of the Securities Market (CUE, issued on January 28, 2025), providing the obligation for securities issuers to submit a sustainability information report prepared in accordance with the International Sustainability Standards Board (ISSB)/International Financial Reporting Standards (IFRS) Sustainability Disclosure Standards (IFRS S1 and S2)Furthermore, on 13 May 2024, the Mexican Council of Financial and Sustainability Information Standards (CINIF) published the Sustainability Information Standards (NIS), which govern the sustainability performance information that must be disclosed