In this episode of the All Things Sustainable podcast we bring you the first of a special series featuring major pension funds around the world.

We sit down in Mexico City, Mexico with Alejandro Bújanos, Head of Sustainable Investing at Afore SURA. This is one of the largest pension funds in Mexico and a subsidiary of SURA Asset Management. Alejandro outlines how the pension fund seeks to drive Mexico’s transition to a low-carbon economy by engaging with major national companies.

"We believe that we need to be active owners and actually improve the countries where we're living," Alejandro says. "My main challenge is how to transition our portfolio to a low-carbon economy, and, while doing that, also have an impact in the real economy."

Alejandro highlights the role that collaborative initiatives play in the market. Earlier this year, Afore SURA and other financial institutions in Mexico launched one such initiative, called MxColab, to engage with major Mexican companies on issues like climate change.

"These very big companies that have been here for a long time ... it's hard to change them," he says. "Pulling investors together might be the only way to have a substantial enough size for these very big owners to actually listen to what you're asking from them."

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A major Mexican pension fund’s approach to the low-carbon transition

All Things Sustainable

A major Mexican pension fund’s approach to the low-carbon transition