Regulatory Alerts2024-06-05 | DOF 5729555Added
Amending Circular 2/24 of the Single Circular on Insurance and Sureties
The National Commission of Insurance and Sureties amends the Single Circular on Insurance and Sureties to require insurance and mutual institutions to incorporate Environmental, Social, and Governance (ESG) criteria into their corporate governance, risk management, and investment policies. The amendments mandate the consideration of ESG factors in risk identification, asset administration, and investment decision-making, including references to the Sustainable Taxonomy of Mexico. These changes apply to institutions and mutual societies and enter into force on January 1, 2025.