This study represents a significant effort to incorporate environmental and social risks into mainstream risk strategies of Mexican financial institutions, and to capitalize on the market opportunities that will result from the transition to a low-carbon economy. The depletion of natural resources, the potential systemic impacts of climate change and the capacity of our societies to adapt and mitigate these risks are now dominant concerns of the international community. These risks are generally accepted to be financially material. Thus, many financial institutions have initiated a rapid transformation and effort to better understand and forecast these risks. The structural transformation that comes with greening the economy is also opening new business opportunities. Financial institutions that adapt to these changes will reap important benefits.