Mexico at the forefront of sustainable financing

Mexico (Notimex) - In Latin America, Brazil, Colombia, Ecuador, Mexico and Peru have become a force in promoting development and facing climate change, according to the first Global Progress Report by the Sustainable Banking Network.

Mexico is one of the first developing economies to commit to cutting carbon emissions through the use of clean technology. The country has developed a series of energy efficiency standards and regualtions to meet those goals, the report said.

The Banking Sustainability Protocol in Mexico is a voluntary initiative backed by the Environment Ministry and signed by 97 percent of the country's financial sector.

The Mexican Banking Association created a Sustainability Committee in order to work on specific actions to comply with the objectives of the Sustainability Protocol.

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