Mexico CNBV / NIS
CNBV Resolution amending General Provisions for securities issuers (DOF 28 Jan 2025) — sustainability report
Topic : ESG disclosure · Level : National
Today
Mandatory IFRS S1/S2-based report for RNV issuers since 2026 (FY2025 data); limited assurance 2027, reasonable 2028.
Summary
Mexico's securities regulator requires all issuers registered in the national registry to publish an annual sustainability report aligned with ISSB standards. First reports were due in 2026 for 2025 data, with assurance phased in from 2027.
Who is concerned
- Turnover
- non précisé
- Employees
- non précisé
- Listed company
- cotées seulement
- Sectors
- All sectors
- Triggering activities
- Securities registered in the RNV
- Extraterritorial reach
- No
No direct supplier duty; IFRS S2 Scope 3 covers emissions of suppliers abroad.
- Examples
- BMV-listed cement group
- BIVA-listed retailer
- Mexican bond issuer
What the law requires
- Publish an annual sustainability report aligned with IFRS S1 and S2
- Disclose Scope 1, 2 and 3 emissions per IFRS S2 reliefs
- Obtain limited assurance from the 2027 report
Penalties
CNBV fines under LMV art. 392 (set in days of minimum wage); none specific to the report. No report blocks RNV listing and offers.
What this changes for a supplier in China
Mexican issuers sourcing from China may request product carbon data for Scope 3 as IFRS S2 reliefs end.
Expected evidence
- Scope 1 and 2 emissions per site
- Product carbon footprint
- Energy mix data
Tiers : Tier 1