National Commission of the Retirement Savings System

Capacity building in the implementation of environmental, social and governance criteria in Retirement Fund Administrators’ investment portfolios

Implementation year

Mexico’s National Commission of the Retirement Savings System (Comisión Nacional del Sistema de Ahorro para el Retiro – CONSAR) aims to transform the Retirement Savings System (Sistema de Ahorro para el Retiro – SAR) to put workers at the heart of decision-making.

One of the specific goals is to improve the replacement rate for SAR members. Considering the importance of including environmental, social and governance (ESG) factors in the investment processes and risk management of financial systems, in particular pension funds – factors that have a direct impact on the goal set – CONSAR has developed a multi-pronged strategy that will help it achieve this goal and focus its efforts on carrying out its mission.

Among the pillars of CONSAR’s strategy are a solid regulatory framework, the establishment of specific information requests for Retirement Fund Administrators (Administradoras de Fondos para el Retiro – AFOREs), joint and coordinated work in various working groups alongside other financial system stakeholders, support for consolidating Mexico’s Sustainable Taxonomy (Taxonomía Sostenible de México – TSM) and studies by independent experts to identify, measure, evaluate and mitigate the risks inherent in these factors, so as to better safeguard pension resources.

Old-age pensions