
Pemex’s Climate Commitment Marks a New Chapter in Sustainability
Mexico’s state-owned oil giant, Pemex, has taken a bold step with its first-ever Sustainability Plan, committing to net-zero by 2050 and a 30% methane reduction by 2030. This comes after years of investor pressure from Climate Action 100+, signaling a potential shift in the company's climate strategy.
Key Highlights:
- Governance Overhaul: A Sustainability Committee was established at the board level in 2023.
- Transparency Boost: Aligning disclosures with ISSB and TCFD standards.
- Capital Realignment: Ensuring investments match sustainability targets.
- Methane Reduction: Cutting emissions and eliminating routine gas flaring in E&P.
Investor Perspective: Progress is promising, but execution is key. Stakeholders remain cautious, emphasising ongoing scrutiny to ensure Pemex delivers on its pledges.
Is this a real transformation or a strategic play? Read the full analysis [here].


Discover What's Happening

Explore our newsletters
Join our Newsletter to receive the latest industry trends, expert tips, and exclusive insights delivered straight to your inbox!
