Sustainable finance and generation of financial information with ESG criteria among public entities

Abstract

Title Four of the General Law of Government Accounting (LGCG) regulates the financial information and public accounts that must be submitted by public entities on a periodic basis, while section IV of Article 46 of the same law indicates that the public administration will allow the periodic generation of financial information, particularly related to complementary information to generate national accounts and meet other requirements arising from international organizations of which Mexico is a member. [1].

The objective of the research is to identify the advances presented by public entities in Mexico for the adoption of accounting regulations at the international level for the incorporation of ESG criteria in the development of financial information oriented to sustainability, with a scientific research method, mixed methodology approach, analytical, inductive, deductive design and with documentary synthesis technique.   The accounting regulations are contrasted with the information and data contained in the public accounts of the seven states that the Mexican Institute of Competitiveness (IMCO) identifies for the year 2023 with greater advances in the quality of financial information. Among the main findings is the absence of an approved report for the presentation of financial information with ESG criteria, which complicates the comparability of the information, a positive criterion identified is that those subjects that do not comply with the obligations of the LGCG will not be able to register obligations in the national borrowing registry.  which contributes to the fulfillment and generation of sustainable finances.