Certified B Corps in Mexico

Abstract

This chapter describes the legal framework for the classification of various entities (both commercial and non-commercial) as corporations with social or environmental impact in Mexico. Considering the absence of ad hoc legislation and the widespread incentives for companies to become certified as enterprises with a commitment to social interest, several recommendations are put forward. Specifically, this chapter details how a legal regime could be integrated into the country’s current regulatory environment to increase the number of firms eligible for B Lab certification.

1 Introduction

Companies that identify a specific social or environmental problem and create a business model to facilitate or develop solutions to said problem from a market perspective are not specifically contemplated in Mexican positive law. This is despite the fact that Mexico has the highest inequality rate among countries belonging to the Organisation for Economic Co-operation and Development (OECD) and one of the highest rates in the world. At the beginning of 2020, before the COVID-19 pandemic, the OECD’s Secretary General and former Secretary of the Treasury addressed Mexico’s business community and stated that the average income of the richest 20% was 10.3 times higher than that of the poorest 20% and that, according to 2019 data from the National Autonomous University of Mexico’s Institute of Social Research, the richest 10% of Mexicans receive 36% of the country’s income, whereas 50% of the population receives 20%.¹ Therefore, it is critical for Mexico to ensure that businesses, in addition to earning profit, help specific areas of society by operating in ways that have a positive social, environmental, and economic impact.

Some initiatives originating from society’s living forces contemplate the need for Mexico to regulate companies to regulate companies with an important social and environmental impact.² However, this could take some time, as the current public administration, although it claims to prioritize Mexico’s lower-income population, has made few political efforts to eradicate poverty, thereby allowing poor Mexicans to simply remain as a source of political support and campaign votes. Thus, the present chapter highlights the great need for the Mexican government to promote the establishment of a regulatory standard for socially committed companies.

2 Mexico’s Corporate Legal Structure

Although a company is an economic activity, the companies that practice such activity are the product of a legal structure. As pointed out by the Organisation for the Harmonisation of Corporate Law in Africa: “Understood at the legal level, as an organization created for the exploitation of an economic activity and the sharing of the profits which result from it, the company is the theater of the combined application of various categories of legal norms.”³

Mexican companies are organized under various structures established in various laws.⁴ All of these laws contemplate entities that are eligible to be certified as B corporations.

2.1 Limited Companies

Most companies in Mexico belong to the public limited company (i.e., sociedad anónima) category; they can take various varieties such as fixed capital or variable capital and incorporated or unincorporated governance structures, regardless of whether they are public entities. The fundamental characteristic of this type of companies is their “impersonal nature,” as “the partner is not interested, but his contribution.”⁵ Many small and medium-sized enterprises as well as large corporations fall into this category, as do financial system entities and enterprises that place their capital or securities on the market.

2.2 Limited Liability Companies

The second most common (albeit by a wide margin), type of companies comprises limited liability companies (i.e., sociedades de responsabilidad limitada). Limited liability companies consist of partnerships in which the meeting of a capital is combined with the importance of the people that compose it (although with a maximum limit to the number of members); however, members’ responsibility is limited by how much they contribute to the company.

2.3 Cooperative Societies

Cooperative societies (i.e., sociedades cooperativas) are governed by their own laws, which define it as a: “social organization made up of individuals based on common interests and the principles of solidarity, self-help and mutual aid, with the purpose of satisfying individual and collective needs through the performance of economic activities of production, distribution and consumption of goods and services.”⁶

The purpose of these companies is that the owners of the company are both the clients and users of its services, establishing a closed-circle operation wherein synergies and economies of scale are used to obtain goods and/or services for them, their homes, or their productive activities. Owners work together in the production of goods and/or services, contributing their personal, physical, or intellectual work, attracting resources through money saving deposits from their partners, and providing said partners with credit using the funds raised. According to González Bustamante, “The historical antecedents of this institute go back to the days when the feeling of solidarity or the need for mutual help was born among men.”⁷ However, it seems that social cooperative societies are focused on meeting needs that differ from those contemplated by social enterprises.

2.4 Simplified Stock Companies

Having been only recently adopted within the Mexican legal framework, following the example set by France and Colombia, the simplified stock companies (i.e., sociedades por acciones simplificadas) category has emerged in Mexico, aiming to formalize small businesses, which may comprise only one partner. Simplified stock companies are structures intended for small enterprises, so they could hardly qualify as candidates to allocate part of their income to promote social or environmental causes. Rather, these societies should be seen as an object to be promoted by social enterprises.

2.5 Others

As with cooperative societies and simplified stock companies, the same thing can be said of the corporate structures in agrarian law. Although these structures are destined to an activity worthy of being promoted, they typically serve more as objects, rather than actors, of the social drive.

2.6 Corporate Governance

An important reflection on Mexico’s business sector is that the principles of corporate governance, as enunciated and promoted by the OECD,⁸ have been accepted in Mexican business practice, following the Code of Principles and Best Practices of Corporate Governance,⁹ which is not a legally binding set of rules but rather a set of recommendations (i.e., soft laws).¹⁰ However, in certain sectors, these principles have become mandatory standards; such is the case of the entities that make up the financial system, as all of them are required by law to implement corporate governance principles and standards.¹¹ The presence of these increasingly widespread principles and structures in Mexico’s commercial environment makes the country a fertile ground for social enterprises.

3 Other Non-Business Corporate Structures

Since Mexico is a federal republic, some issues have been preserved for legal regulation by the states that make up the federation. Such is the case of what happens with three activities that must be considered to promote activities with social value: entrepreneurship, social welfare, environmental care as do the certified B-corporations. Those three activities¹² are: private assistance; social, sports, cultural or artistic activities; performance of liberal professions.

3.1 Assistance Institutions

Assistance institutions can be defined as: “legal persons of public interest that, with assets irrevocably assigned to them by individuals, permanently carry out humanitarian acts and pursue purposes of assistance, non-profit purposes and without individually designating the beneficiaries.”¹³

Assistance institutions comprise groups that are ordinarily subject to regulation and supervision by the government, which monitors their actions and performance to prevent them from being used for commercial purposes, as well as to promote and support their goals. Specific laws have been issued for their regulation, such as the Social Assistance Law (a federal law) and pieces of legislation issued by each state’s government (Mexico is a federation with 32 independent entities).¹⁴ In the country’s capital, Mexico City, there are 506 private assistance institutions.¹⁵

Assistance institutions’ economic resources are usually obtained from individual donations, foundations created either by living persons or mortis causa in wills, and organizations dedicated to making these types of contributions. A great example of such institutions is the Nacional Monte de Piedad, a non-profit private assistance institution (originally established as a financial institution) that has operated uninterruptedly for 244 years; its main aim is to help people in need. It provides social aid mainly by offering pledge loans and other financial services at the lowest interest rates in the market, fair appraisals, and coverage throughout the entire Mexican Republic. With the operational remnants of the pledge loan and financial services, social investments are made in projects of health, education, housing, gender equality, food security, community, and economic development through 600 private assistance or charitable institutions and other programs.¹⁶

3.2 Civil Associations (Asociaciones civiles)

Regulated by each state’s civil codes, civil associations are non-profit legal entities that are created through a contract through which the associates agree to pursue a common goal that is not prohibited by law and not predominantly financial in nature.

This legal structure is widely used for the realization of educational, cultural, sports or mutual aid activities. “The civic association is a contract that is frequently observed by persons who join their efforts for purposes other than commercial gain.”¹⁷

Although these associations are restricted from dedicating themselves to a predominantly economic activity, they manage resources from associates or donors’ contributions, which allows them to carry out their activities. If during these activities they obtain profits, these must be reinvested in their activities. Further, these associations will never be able to distribute profit, interest, or dividends to the associates.

3.3 Civil Partnerships (Sociedades civiles)

As with civil associations, civil partnerships are formed through a contract between partners for the purpose of conducting activities that are primarily economic and for-profit in nature but should not be classified as commercial in nature. “Civil societies are private law businesses that primarily pursue economic goals through the provision of goods or personal labor, but without suggesting commercial activity.”¹⁸ A classic illustration of this organization is the group of professionals who conduct their professional activities in these firms, such as lawyers, public accountants, physicians, and architects.

3.4 Trusts

Trusts have become more common in Mexico. A trust consists of an affectation that one or more people make of certain assets to an institution, regularly a bank, to be destined for a specific purpose, without establishing it as a legal entity but rather as an autonomous entity. This purpose can be the temporary or permanent performance of certain activities. Further, this purpose may be cultural, social, ecological, promotional, or related to a certified B corporation’s activities.

As it can be seen from the description of these legal structures, although they are not commercial entities, they can be used and qualified within the purposes of the so-called Certified B Corporations or entities for social or environmental impulse.¹⁹

4 Ecological Legislation in Mexico

In Mexico, companies’ environmental impact is strictly regulated; companies have a series of obligations to preserve the environment. These norms are established in the country’s Constitution, which states that “Everyone has the right to an adequate environment for their development and well-being.”²⁰ These laws include the following:

• General Law of Ecological Balance and Environmental Protection

• General Law of Sustainable Forestry Development

• General Law of Climate Change

Further, we must also consider laws and regulations in each of Mexico’s 32 states, as well as the different international Agreements and Treaties to which Mexico is a party. All these rules and regulations focus on environmental risk-related issues such as:

• Land use

• Proximity of companies to population centers

• Supervision of high-risk activities

• Disposal and management of hazardous materials and waste

• Nuclear energy, noise, vibrations, thermal and light energy, odors, and visual contamination

This indicates that the protection of the environment and the purposes pursued by a company with social and environmental impact (i.e., a certified B corporation) are covered. Subsequently, we will explore how a company is regulated as a promoter of ecological well-being.

5 Fiscal Legislation

There is a tax regime in Mexico that authorizes any taxpayer, as a natural or legal person, to deduct from their income the amounts contributed or donated to charitable entities and activities, after they have received the authorization to do so. Mexican tax law²¹ exempts from income tax the following non-profit legal entities: assistance or charitable institutions; civil societies or associations; organized non-profit and authorized to receive donations; as well as associations, civil societies, and trusts that are dedicated to activities considered worthy of being promoted, including those conducted in pursuit of the objectives of certified B corporations. These activities include the following:²²

• Promotion and dissemination of the arts

• Educational and research activities

• Protection of the nation’s cultural heritage

• Libraries and museums

• Promotion of citizen security

• Defense of human rights

• Participation in matters of public interest

• Promotion of gender equality

• Protection of natural resources and the environment

• Civil protection

• Advocacy

• Consumer protection

• Agricultural or artisan products projects

• Granting of scholarships

This means that the country already has a legal framework that provides significant incentives for the development and promotion of social and environmental activities.

6 Certified B Corporations in Mexico

In Mexico, there are 64 companies certified by B Lab as B-corporations. Some were created in Mexico and are currently operating under Mexican law, while others are foreign companies that have a legal presence in the country.²³ These companies are listed in the Appendix. To obtain such certification, Mexican companies must include in their statutes the following conditions:

• 1. That the corporate purpose of the company includes the mention of seeking a positive material impact on society and the environment.

• 2. That the company’s administrative body takes into account any decision or action that influences (i) the shareholders; (ii) its workforce, subsidiaries, and suppliers; (iii) its clients and consumers; (iv) the community; (v) the local and global environment; (vi) its long-term and long-term performance; and (vii) its ability to fulfill its corporate purpose. However, none of this implies the creation of special rights for third parties, as the company’s by-laws determine the rights and obligations of the shareholders and the company’s legal representatives, as well as their actions toward third parties. Nevertheless, this does not allow third parties to enforce these laws (thereby affecting the company’s shareholders or legal representatives) beyond what is established by law.²⁴ In Mexico, a Board of Directors of the Global Movement and Initiative of B Corporations was established in 2012, joining the global B movement in 2014.²⁵

On the creation of an ad hoc legal framework for these companies, it should be noted that there is a plurality of opinions:

The legal figure that most of them start out as is that of a civil association. From my experience, most of them start out like that and eventually begin to operate under hybrid models or become a SAPI (Sociedad Anónima Promotora de Inversión), for example, when they want to raise investment.²⁶

For some, this issue must be exclusively fiscal because the incentives must come from the allocation of a tax prebend. Some ideas of how this issue can be addressed in legislation are displayed in the following section.

7 Ideas to Develop a Legal Regime for Social Impact Companies in Mexico

This section discusses the development of a legal regime for companies eligible for inclusion in the B-certification program. It also explores the goals for which certified B corporations have been formed by the movement led by B Lab, which states its purpose as follows: “Building on our standards and certification process, our network leads economic systems change to support our collective vision of an inclusive, equitable, and regenerative economy.”²⁷

7.1 Entity Rating

Muhammad Yunus defined social enterprises as organizations formed with the primary goal of resolving a social, environmental, health-related, or similar problem and the secondary goal of generating sufficient revenue to be sustainable over time.²⁸ Further, as Ortega mentioned at a recent symposium held at the National Autonomous University of Mexico, “[…] social businesses […contribute] to the creation of social value through productive activities that generate revenue for social benefit activities […].”²⁹

One way to achieve that is by establishing a new type of corporate structure that adheres to the principles espoused by socially responsible enterprises. “The objective of such a commercial society would not be purely economic, but would encompass a much broader purpose. Initially, this approach was limited to the directors’ strategic decisions, but it is now reflected in the organization’s governance structures (articles of incorporation or shareholders’ agreements).”³⁰

A way to address the issue in Mexican legislation and practice could be to qualify a corporate structure for those that already operate within the country with under the category that has been suggested: social and environmental impact entities (entidades de impacto social y ambiental). This could prove more beneficial than creating a new category of corporate enterprises. The global economic crisis currently prevalent makes it difficult to launch an initiative of such size to develop such companies exclusively for the purpose of promoting social and/or environmental well-being.

However, it may be possible to motivate extant companies to dedicate a part of their energy and profits to this purpose, especially if they are granted appropriate fiscal incentives. Such a transition for currently existing businesses is made possible by their legal structure. Valderrama et al. noted the following: “this demonstrates that the company must be lucrative in order to continue. Economic duty is at the base of the pyramid; legal concerns necessary for the company’s well-being are at the second level; ethical responsibility is a layer above the previous two; and philanthropic obligation is at the top of the pyramid.”³¹

The study described above²¹ reached the same conclusion when analyzing the feasibility of creating a new legal structure for social enterprises in Mexico. In other words, given the country’s current political circumstances, it would be preferable to use the existing legal structures while adding certain provisions.

To this end, the study states: “However, we believe that the political environment is unfavorable, given the legislator’s current priorities with regard to the regulation of the extant types of businesses; in particular, cooperatives, which the legislator could classify them alongside SEs due to their mission containing a social and solidarity economy component.”³²

7.2 Requirements

To accomplish the integration of social enterprises into the existing legal framework, it is necessary to define what constitutes entities of social and environmental impact. Such entities would be required to:

• (a) Be constituted for profit purposes, which is a typical characteristic of commercial entities. An exception to this requirement could provide for non-commercial entities such as private assistance institutions, civil associations, civil societies, cooperative societies, etc. that could be subject to obtaining the qualification provided they meet the other requirements listed below.

• (b) Dedicate a part of their profits or income to social and environmental projects.

  • a. At the discretion of each company according to its statutes

  • b. According to a catalog of activities that the authorities define as suitable because they are those that the State considers that it should encourage according to its social and economic policies.

    Typically, such activities could be:

    • i. Paying attention to basic health and wellness requirements.

    • ii. Providing access to basic public services.

    • iii. Supporting the defense and promotion of human rights.

    • iv. Promoting social inclusion and mitigation of inequality.

    • v. Promoting cultural activities.

    • vi. Promoting economic actions and support the economic development of social entrepreneurship.

    • vii. Innovating and developing a sustainable infrastructure.

    • viii. Preserving and improving the environment.

• (c) They can do it directly or through a subsidiary of the same corporate group. In this case (which illustrates the integration of a corporate group), it is possible that a non-profit entity (e.g., a civil association) may become part of it.

• (d) The way to do so may consist of a direct economic investment, a reinvestment of profits, or the integration of reserves that are later redirected for such purposes.

• (e) Have a corporate governance structure that establishes a board committee that deals with social and or environmental projects.

• (f) Include in their annual report what has been done in the social or environmental field (vis-à-vis sports, entrepreneurship, education, health, education, culture, housing, and environment-related activities).

• (g) Comply with ecological regulations and economic competitiveness-related industry standards in their specific sectors (e.g., healthcare, finance, communications, etc.).

7.3 Regulatory Authority

Some of the countries that have legislated the issue of the B corporation have designated a governmental department (according to their own legal and organizational structure) to supervise companies’ registration, regulate the activities that companies must undertake to be promoted, supervise the fulfillment of the objectives such entities, approve the projects in which the resources are invested, and authorize the provision of incentives. In Mexico, the Ministry of Economy or some decentralized body could take on such responsibilities.

The existence of one such authority and the powers granted to it must be measured according to how much state intervention is determined to be appropriate. Particularly, it may preferable that the legal regime only has a basic definition, and that state intervention remains as limited as possible. This is because B certification is about promoting social and environmental benefits instead of weighing companies down with bureaucratic responsibilities. Self-regulatory entities that make up the entities themselves tend to be a good answer.

This authority could exist independently from the B Lab network. ³³

7.4 Incentives

Fiscal stimuli are often used to promote state-related activity effectively. Limiting fiscal voracity in the sake of identifying certain behaviors among the governed is an objective that governments must pursue, as fostering new and more active businesses will result in increased collection. According to Calvo Nicolau, “there are times when the designer of the norm seeks to promote behaviors between individuals through the law; to accomplish this, they arrange for the awarding of incentives or rewards to those who adapt their behavior to the promoted behavior.”³⁴

Legislation must preserve the deductibility treatment of donations received to be invested in such activities. Likewise, it will be convenient to consider giving a favorable tax treatment to the certified entity. Those incentives could range from paying taxes at a reduced rate; being able to deduct what was invested in social or environmental activities; having access to other types of deductions; alleviating bureaucratic requirements for filing applications; as well as obtaining permits and authorizations, frequent periodic declarations, and secondary tax obligations. Tax incentives should also be addressed to the entity’s shareholders or partners in regard to dividends or participations received or in the case of the sale of shares or social stock.

8 Conclusion

The purpose of certified B corporations is highly noble and worthy of being promoted. Although Mexico does not have a special legal regime for the creation of this specific type of entities, it does have structures in its legislation and practices that can be used for this purpose. Therefore, there is a system in place that can be used to supervise the registration and certification of social and environmental impact entities. It is possible to build a suggestive regime that invites enterprises to adhere to the program and philosophy of the project.

Appendix

There are 128 B Lab-certified companies working in Mexico. Of these, 56 companies are based in other countries, while 72 originated and are based in Mexico. Some of them operate in other jurisdictions (as of February 10, 2022; source: https://www.sistemab.org/).

B Lab-certified Mexican corporations

Enterprise	Summary	Product or service	Industry
Aguagente S.A.P.I.	Purified water in your home for a small monthly cost, in a simple, effective, and unique way.	Service	Water, Food
Altia Health	Private medical consultations—either face-to-face or through telemedicine.	Service	Health
Amor & Rosas	Ethical fashion brand bringing together modern designs with Mexican handmade embroidery and eco-friendly fabrics. Their pieces showcase the unique and authentic look of Mexican culture in a modern and trendy way, with high quality as a top priority.	Product	eCommerce
Asesores para la Iinvestment Social, S. C.	Company aiming to link key actors to promote sustainable development in the social, economic, and environmental fields in Mexico.	Service	Consultancy and Advisory, Support for Entrepreneurship, Employability
Blanco Carrillo	Expert legal advice for Mexico’s business sector.	Service	Consultancy and Advisory
Bodega Cero	Food, personal hygiene products, cleaning, and home care, made with natural, local ingredients and free of disposable packaging.	Product	Food
Botica de Jabón S.A. de C.V.	Manufacture of soap, shampoo, conditioner, and handmade detergent.	Product	Beauty
BUNA	Find, toast, and share rich coffee. Espresso machines.	Product	Food
Carla Fernández	Fashion label inspired by the geometrics and textile richness of Mexico.	Product	Textile, Clothing, and Accessories
CIHUAH	Company offering responsible clothing and accessories with contemporary design.	Product	Art and Culture
Cielo Hamacas	Preservation and innovation of ancient Mayan hammock weaving tradition.	Product	Art and Culture
Cirklo	Company offering consultancy services for: innovation management, human productivity, strategic alignment, impact strategies, product and service development, development of impact projects in the fields of education, productive value chains, and sustainable cities.	Service	Consultancy, and Advisory
CO_ Capital	Company investing in early-stage and early-growth enterprises in Latin America across different sectors: (i) education, workforce, and economic development; (ii) access to healthcare; (iii) access to basic sustainable infrastructure; and (iv) the nexus between agriculture, food systems and regeneration.	Service	Financing
Comsustenta	Retails company selling compressed natural gas for vehicular use in Mexico.	Product	Energy, Financing, Investment, and Transportation
Coperva	Telemarketing, customer service, and collection.	Service	Communication and Marketing
Deep_Dive	Consultancy services and development of AI and machine-learning solutions.	Product and Service	Technology and Computing
DEV.F	Course, Professional, and Master in software development, data science/AI, UX/UI design, and digital marketing.	Product	Education
Disruptivo	DISRUPTIVO is a company that seeks to empower people to become agents of change through social entrepreneurship through three axes of work: inspire, train, and promote.	Service	Communication and Marketing
Donadora	Crowdfunding platform through which you can raise funds to support personal or social projects such as health campaigns, emergencies, community and environmental projects, volunteering, educational models, etc.	Service	Education, Financing and Investment, Health
Échale	Company aiming to restructure community social networking and rectify the flaws inherent in the self-building process through four pillars: organization and social inclusion, financial education and access to social finance trust, training and technology appropriation, and program replication through social impact franchise.	Products and Services	Construction and Real Estate
Ecolana	Interactive digital platform that allows each citizen to find the right place for their waste. 1. Where to recycle? 2. Recyclability analysis 3. Contact with inclusive recycling chain.	Service	Consultancy and Advisory
Ejido Verde	Sustainable producer of pine resin with the objective of generating prosperity through the establishment and use of resinforest plantations.	Product	Farming
EOSIS	Energy efficiency consultancy agency, aiming to achieve building comfort through passive design consultancy and architectural devices, especially in dry/warm climates.	Service	Consultancy and Advisory
Extensio	Service móvil de manejo de riesgos climáticos, de plagas y calidad para Productres y cadenas agro Provides farmers and actors of the farming value chains with timely information for decision-making: weather and pest forecast and management, production risk mapping, best farming practices, and market trends.	Service	Farming, Cattle-raising, Agroindustry, Food, Technology, and Computing
FINAE	Company offering student loans to support Mexican students who do not have enough financial resources to pay for their undergraduate tuitions.	Service	Education, Financing, and Investment
Fitzer	Fitzer Agua Mineral Brava is a Mexican hard seltzer. A new refreshing combination of mineral water, alcohol, and a touch of flavor. The alcohol is created from our 100% natural cane sugar fermentation process. The very nature of its ingredients and production process.	Product	Food
FONDELA	Company aiming to strengthen institutions by facilitating their access to public and private resources that boost their productivity. Committing ourselves to support projects of vulnerable groups and fostering entrepreneurship. They provide tools, innovative and quality services for searching and obtaining resources, with leadership and excellent customer service	Service	Support to Entrepreneurs
Fondify	Fundraising company and platform that links companies, people with CSOs using different collection channels inspired by the theory of donor behavior.	Service	E-commerce, Financing and Investment, Community Management
Grameen de la Frontera	Microfinancing agency. Works to achieve participatory and self-sufficient communities.	Service	Financing and Investment
Green Tank Ideas para la Sustentabilidad	Company offering consulting and strategy in sustainability.	Service	Consultancy and Advisory, Financing and Investment
GRUNER	GRUNER is a sustainability solutions firm that specializes on consulting services for carbon management as well as renewable energy and waste valorization project development.	Service	Environmental
Grupo AXIUS	Company fostering sustainable growth for companies and people. It has 3 areas of expertise: leadership, planning, and positioning.	Product	Consultancy and Advisory, Human Resources
Grupo SAD	Graphic arts.	Service	Charts and Impressions
Handen Consultancy	Consulting company offering tips and tools to help businesses and organizations tackle social and environmental problems.	Service
HEALTHIC	Company offering sterilization of surgical instruments.	Service	Health
Hexagon Data	Data strategy.	Service	Environmental
Hipocampus Centros de Aprendizaje	Provides community-driven high-quality care and education services for early childhood at an affordable price for most of the population.	Service	Education
Iluméxico	Provides electricity to rural communities in Mexico by offering solar-powered home systems to families without access to the electric grid.	Product	Energy
Impact Hub Ciudad de México	Consultancy and working spaces.	Service	Agency
Integradora de Franquicias PKT1, S.A. P.I. de C.V.	Messenger service offering a personalized “zero carbon dioxide” service focused on satisfying customer needs through a documentation service and on-site collection of packages or envelopes.	Service	Messenger Service
IntegraRSE	Transformation of traditional companies into companies that solve socio-environmental problems.	Service	Environmental
Kaya Impacto	Kaya specializes in capital advisory services for social entrepreneurs looking to raise capital to grow and scale their business.	Service	Financing and Investment
Kubo Financiero	Online community for financial services: savings, investments, and loans on a peer-to-peer lending platform.	Service	E-commerce, Financing
LECOMF	As a brand of sustainable, innovative, and radically optimistic ready-to-wear, the LECOMF universe becomes a source of freedom, happiness and, above all, uniqueness.	Product	Textile
Luken Design	This company designs products and furniture manufactured with HDPE plastic and 100% recycled polyaluminium.	Product	Dseco and Home Furniture
Luxelare	An agro-tech/insurtech company offering small-to-medium-sized farmers an integrated solution combing precision agriculture and the CAPTUM software platform, as well as digital crop insurance products.	Products and Services	Technology, Computing, Farming
Matcha Kaori	Products made with Japanese green tea and accessories related to its consumption.	Product	Food
Natura Medio Ambiente	Agency offering environmental consulting and engineering advice. Also conducts studies related to the environment, construction safety, health, and social impact.	Service	Agency
Pixza	Pizzeria offering pizzas made from 100% Mexican blue corn.	Product	Food
PKT1	Local and foreign courier and parcel services without carbon dioxide emissions.	Service	Exports
PUJOL	Contemporary Mexican cuisine restaurant.	Service	Food
Rayito de Luna	Develops personal care products made with the finest natural ingredients free of synthetic chemicals.	Product	Beauty
Revitaliza Consultores	LEED® certification, green buildings, training, and corporate sustainability.	Service	Construction
RTDs de México	Alcoholic drinks.	Product	Water
Rutopía	Company offering customized, private trips with a quality and safety guarantee for remote destinations throughout Mexico, fostering immersion in nature and genuine connection with local hosts.	Product	Entertainment
Rutopía	Travel agency.	Product	Tourism and Hospitality
Sarape Films	Film and content producer with socio-environmental impact.	Service	Art and Culture
Sarape Social	Design, management, and communication of projects based on creative and transformative ideas from a humanitarian perspective using marketing tools for social transformation.	Service	Communication and Marketing
Semillero de Empresas Rurales, S.A. de C.V.	Artisanal and biodiverse products company that works as a platform to allow access to a competitive market for rural Mayan social enterprises of the Yucatan peninsula under the brands Taller Maya and Traspatio Maya.	Product	Decor and home furniture
Sistema Biobolsa	Waste and resource management system that is both economically accessible and technologically advanced.	Product	Farming
SM Ediciones	SM es una empresa que desarrolla soluciones educativos, formativos y culturales	Products and Services	Education
SmartFish	Una AC incuba las cooperativas de pesca artesanal que les permite producir mariscos de alta calidad validados bajo los estándares de sostenibilidad e higiene y una Comercializadora de Products del mar de origen sustentable	Product	Food
Solardec	Solardec is an industry leader in the renewable energies sector In Mexico. The company designs, develops, and maintains solar energy projects (photovoltaics) for the residential, commercial, and industrial sectors.	Products and Services	Energy
Someone Somewhere	Someone Somewhere designs clothing products showcasing artisanal work from various regions In Mexico. Its items are assembled in specialized workshops in the cities.	Product	Textile, Dress & Accessories
Suministros Analogico Digitales	Dedicated to prepress and digital printing using cutting edge technology. Seeks to boost economic and social development and to protect the environment.	Product	Technology
Sustainable Harvest	Sustainable Harvest is a specialty coffee importer whose mission is to improve the livelihoods of coffee-farming families around the globe through its Relationship Coffee model.
SVX México	Consulting firm that aims to increase the volume and efficiency of impact investments in Mexico and Latin America	Service	Financing
TAMOA	Abasto responsable de alimentos regionales, preservados por generaciones de agricultores de México.	Products and Services	Farming
Tierra de Monte	This company develops biological inputs based on more than 10 years of research to counteract the damage that erosion and intensive agriculture have left behind.	Service	Farming
Todo Accesible	Company creating accessible spaces for people with disabilities.	Products and Services	Consultancy and Advisory
Unboxed	Company developing projects that promote a balance between profitability and social and environmental impact within companies and organizations.	Service	Consultancy
Yema	Comestibles, Products de perfumería, Products de belleza, artículos para el hogar y artículos deportivos.	Product	Food