Companies such as Shell, BP, ExxonMobil, Chevron, Equinor and Petrobras are implementing a series of projects and actions aimed at reducing their polluting emissions and gas flaring, and have even begun to venture into renewable energy projects, while divesting from projects such as refining.
On the contrary, Petróleos Mexicanos (Pemex) still does not present or follow a sustainability or ESG plan to be more efficient in its operations and environmentally friendly, a situation that in the not too distant future could generate a financial risk for the company.
A former commissioner of the National Hydrocarbons Commission (CNH), who prefers not to be named, stated that the company can no longer ignore sustainability issues, as this is a requirement that will be more frequently taken into account by markets worldwide.
He considered that the lack of ESG actions could be a factor for the company to continue losing ranks in its credit ratings.
