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Petróleos Mexicanos’ Board of Directors has given the green light to a plan for being sustainable

The logo of Mexican state oil company Pemex is pictured at its headquarters, in Mexico City, Mexico January 31, 2022. REUTERS/Luis Cortes

The Sustainability Plan of Petróleos Mexicanos (PEMEX) was authorized by its Board of Directors through Agreement CA-010-2024, aligning with the strategic objective of the institution’s Business Plan.

  • Goals for reducing greenhouse gas emissions and transitioning to cleaner energy sources have been set for the medium and long term.
  • The company has made commitments to improve industrial safety, create positive impacts, and strengthen its relationship with communities.

Petróleos Mexicanos' (PEMEX) Sustainability Plan, which aligns with the institution’s Business Plan objective to 'Consolidate the route to sustainable performance,' has been approved by its Board of Directors through Agreement CA-010-2024.

Following the vision of sustainable development of the United Nations and Mexican authorities' commitments, PEMEX has established goals for reducing greenhouse gas emissions and transitioning to cleaner energy sources for the medium (2030) and long term (2050).
The goals in the Plan were based on opportunities and challenges identified in PEMEX's value chain and business model.

The Sustainability Committee gave a favorable opinion on this plan, which was prepared with support from Standard & Poor’s Global Commodity Insights, a consulting firm with expertise in energy transition, low-carbon options, emissions management, and the environment.

The company has committed to improving industrial safety, creating positive impacts, and strengthening its relationship with communities. It emphasizes an anti-corruption approach within a culture of compliance.

The plan identifies key enablers and promotes transparency and disclosure of information, in line with international standards, to strengthen governance conditions for effective implementation of the sustainability strategy.

Through the Sustainability Plan, PEMEX reaffirms its commitment to sustainable development. It aims to guide oil workers towards responsible resource management and efficient environmental stewardship to provide certainty to stakeholders, paving the way for sustainable performance.

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