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Nader, Hayaux & Goebel, Winners of the IFLR NET-ZERO TRANSITION Awards 2022
NHG is committed to continuing to promote sustainable and net-zero practices. As such, we have created a community of business advisors in Mexico dedicated to climate governance, in order to move to a carbon neutral economy by 2050.
The involvement of NHG in Chapter Zero Mexico is an integral part of NHG’s ESG Working Group for a Sustainable Transition, being pioneers in Mexico in offering its clients specialized legal advice for a transition to a low-carbon, resilient and conscious economy.
We encourage you to be part of this change and embrace this transition in your own businesses. By working together, we can bring the change our world needs.
NHG Net-zero Transition award
In 2019, the Climate Governance Initiative (CGI) of the World Economic Forum published the Principles for Effective Climate Governance and as from such date, local chapters of the CGI have been established to promote these principles among directors.
In 2020, the World Economic Forum https://www.weforum.org/projects/climate-governance-initiative requested NHG to lead the efforts of establishing Chapter Zero Mexico, as a member of the Climate Governance Initiative (CGI) https://climate-governance.org/
NHG formed and chaired the steering committee that worked for over a year developing the business and strategic plan to operate Chapter Zero Mexico www.chapterzero.mx
NHG was one of the founding members that incorporated Chapter Zero Mexico as a non-for profit last October 2021.
NHG is Chapter Zero Mexico’s legal expert, and provides legal advise to on all legal and regulatory implications of implementing a climate governance in boards of Mexican companies and is responsible of developing the material for directors of Mexican companies to understand the implications of climate change in their business, fiduciary duties, risks and opportunities and in general terms, implementing the principles on climate governance.
Chapter Zero Mexico is the local chapter of the Climate Governance Initiative.
The purpose of Chapter Zero Mexico is to create a community of directors in Mexico committed with climate governance to transition to a net zero economy by 2050 and to that effect, is developing the tools required by directors and boards to understand and assess the risks arising from climate change to develop risk mitigation and climate strategies for their transition to a net zero economy, as well as training programmes for directors of Mexican companies to develop the skills required to that effect, and setting the best practices in Mexico on climate governance.
To that effect, NHG leads and has been working with key partners such as Banorte, BBVA, BIVA, CONVIVE, Deloitte, EGADE, ENUMA, GIST Impact, HSBC, SURA and Siemens.
As part of our commitments to achieving a fast and efficient transition, NHG is committed to supporting the non-profit organization Chapter Zero Mexico, to create a community of directors in Mexico committed to the Climate Governance Principles to transition into a carbon neutral economy by 2050, under the auspices of the World Economic Forum’s Climate Governance Initiative (the “Principles”).
Description of initiative
NHG has been leading a group of Mexican experts in establishing the local chapter of the CGI in Mexico and is one of the founding members of Chapter Zero Mexico.
Climate change is not a consequence of fossil fuel use, it is the result of a consumption-based economic system. The whole world must migrate to a circular economy.
Everyone must participate in the change, therefore the financial system is the first to participate in order to incentivise the shift to green and sustainable finance.
Given this situation, we are creating in Mexico a community of business advisors committed to climate governance, in order to move to a carbon neutral economy by 2050.
This change is not something they can achieve alone, it requires specialised advice and NHG is part of the support committee and the ones who bring together the experts and companies or partners involved.
If the migration to a new model is not promoted and executed, climate and economic system risks could create a systemic crisis that could end the current financial system and structure.
• Chapter Zero Mexico was incorporated as non-profit organization in October 2021, as of December 2022 it had developed its own website, created a digital communication platform, secured more than 28 strategic partnerships with ongoing negotiations with than 15 additional partners.
• The involvement of NHG in Chapter Zero Mexico is an integral part of NHG’s ESG Working Group for a Sustainable Transition, being pioneers in Mexico in offering its clients specialized legal advice for a transition to a low-carbon, resilient and conscious economy. (February 2021)
Why it is innovative or impactful:
Chapter Zero México is the only organization in Mexico focused in providing directors the knowledge and tools to develop climate governance strategies incorporating ESG standards in their business operations.
• Drafted the Spanish version of the Principles on Climate Governance and developed the Exhibit on Legal Developments for the Spanish version of such Principles.
• Contributed the section on Mexico for the Primer on Climate Change: Director’s Duties and Disclosure Obligations” https://chapterzero.mx/wp-content/uploads/2021/06/CGI_.pdf published on June 2021 by The Climate Governance Initiative and various of its local chapters, including Chapter Zero Mexico, the Commonwealth Climate and Law Initiative (CCLI), and the Canada Climate Law Initiative, covering ten civil law countries, including Mexico plus the EU and ten common law jurisdictions.
• Developed a Toolkit with Deloitte Mexico to identify the level of compliance with the Principles of Climate Governance.
• Design of the “First Mexican Climate Governance Programme for the Financial Sector” in partnership with EGADE.
• Establishment of strategic alliances with academia, companies and investors.
• Launch of a dedicated website providing information and material on climate governance.
• Continued collaboration with the Climate Governance Initiative (CGI) as Mexico’s local chapter and contributions for the development of materials distributed worldwide, such as “Quick Guide to COP26”, CGI’s statement on COP26, among others.
• Developed a Litigation Guide on ESG related matters (pending to be published).