멕시코 ESG 체제 수용-전환-제도화 과정 고찰

Abstract

Mexico''s ESG system has not reached the level of an independent, or a highly institutionalized one for self-regulating or management with all elements of E-S-G in an integrated way. Still ESG system is separated, regulated and managed at the sectoral areas. While the 3 sectors of environmental protection, strengthening of social responsibility, and improvement corporate governance are being regulated and managed separately, many ESG experts suggest that a legal regulatory mechanism for an integrated ESG system is needed. In reality, ESG implementation is being done voluntarily by private sector and companies who are listed on the Mexican Stock Exchange mainly. Although disclosure of ESG non-financial statement information is not obligatory, the market itself discloses it to induce more diverse and new investments(economic incentives) related with the emerging ESG financing market. Mexico''s texonomy and supply chain due diligence system are currently accepting and complying with European or internationally advanced standard, but the need to establish new and independent ESG system, a new regulation and its legislation is being discussed in the Mexican parliament. Due to concerns about possible greenwashing problem in the market, more regulations and government intervention are required. However and even in the process of institutionalization efforts, there are still many limits in the implementation of internal and seperated E-S-G system as well. Especially it has witnessed in the specific policy implementations in details, such as lack of binding-power from local and indigenous community in the process of environmental impact assessment, problems of government-led organization and operation in monitoring for transparent management of public enterprises and these remain a task for more transition to the ESG system in Mexico.