As Deadly Accidents Piled Up, Bond Investors Got Tough on Pemex.

Pemex, Mexico's state-oil company, faced pressure from bond investors to address its poor environmental, social, and governance (ESG) record. Concerns over fatal accidents, toxic spills, and methane emissions led investors to consider selling their holdings unless Pemex improved its practices. As a result, Pemex unveiled its first-ever sustainability plan, committing to reduce emissions and become net zero by 2050. The push for ESG improvements came from a range of creditors, including major financial institutions, and highlights the influence of the ESG movement in the finance industry. [Extracted from the article]