Environmental, social and governance risks

KPMG MEXICO PRESENTED the findings of his study “Risks in Mexico and Central America 2024”.

The consulting firm run here by Victor Esquivel shows that both in Mexico like in Central Americathe cyber attacksthe unsafety and the management of environmental issues, social and of governance (ESG) are outlined as prominent threats.

The Cyber ​​attacks top the list of concerns in both territories, with an alarming 75% of organizations in Mexico and an even higher 83% in Central Americawhich consider these attacks as a significant short-term risk.

The unsafety and the lack of rule of law robust are cited as risks by 69% of organizations in Mexico.

This perception of vulnerability reflects not only a concern for the material lossbut also for the profound impact that the unsafety has on business confidence and economic stability.

This is why managers consider that authorities must work together with the private sector to strengthen security policies and promote a legal environment that favors investment and sustainable development.

The ESG risks They rank high on business priorities, with water scarcity and quality, supply chain sustainability and energy efficiency being top concerns in Mexico.

The growing importance of ESG factors not only responds to greater social and environmental awareness, but also to pressure from markets and consumers demanding more responsible and transparent practices.

Despite the clear identification of risks, the study reveals that there is a way to go in the effective implementation of risk management strategies.

With 47% of companies in Mexico recognizing the need for a uniform understanding of risk at all organizational levels, it is evident that a concerted effort is required to improve internal communication and education on these issues.

Furthermore, the lack of adequate technological tools for risk management is a significant gap, with 39% of organizations in Mexico not yet using them but planning to do so soon.

Investment in risk management technologies is not only a proactive measure, but an urgent need to anticipate and mitigate possible impacts.

Companies must be willing to invest in security, technology and sustainable practices to not only avoid crises, but also to strengthen their reputation and value in the long term.

VOLKSWAGEN DE MEXICO could be the subject of an investigation for alleged denial of labor rights at its Puebla plant, under the T-MEC. The review was requested by the US government, following a petition by ten former workers who allege unjustified dismissals due to their union participation. The automaker’s plant headed by Carlos Henry, with more than six thousand employees, faces the possibility of detailed scrutiny that could last up to 45 days.

BBVA MEXICO ANNOUNCED financing of more than one billion pesos for the members of the Coordinating Council of Women Entrepreneurs (CCME). This support is aimed at micro, small and medium-sized businesses led by women on the council. In addition to credit, the bank led by Eduardo Osuna will offer advice on digital accounts, point-of-sale terminals, payroll, insurance and financial education.

THE BOARD OF GOVERNMENT OF Bank of Mexico has revised downwards its economic growth forecast for 2024, placing the rate at 2.4%, a reduction of 0.4 percentage points compared to the previous quarter. This decision reflects a slowdown observed in late 2023 and early 2024. Governor Victoria Rodríguez highlighted uneven behavior between sectors, with a contraction in January followed by recovery in February and March.

THE CHINESE CAR BRAND Zeekr officially launched its Zeekr 001 and Zeekr X electric models in Mexico, with the goal of capturing 7% of the electric car market. Led by its country manager Edgar Suárez, the automaker will compete in the sports and luxury car segment, facing brands such as BMW, Audi and Tesla. Zeekr plans to focus its expansion in Guadalajara, CDMX and Monterrey, with 12 initial points of sale. Pre-sale will begin in July.

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