Low-carbon buildings in Mexico: introducing a new credible investment pathway

Minergie approved as new Proxy under the Climate Bonds Standard, expanding Certification options for Mexico’s residential and commercial constructions

Key highlights: 

1. A new investment pathway for green residential and commercial buildings across Mexico identified under the Climate Bonds low-carbon buildings criteria and additionally is aligned with Mexico’s Taxonomy for the Construction sector.
2. Social housing programmes, can now attract additional capital by applying Minergie-Barrio.
3. New proxy supports Mexico’s transition through strict energy-performance and fossil-free requirements. 

Mexico City, 11 December 2025, 9am: Minergie has been approved as a Proxy for Green Bond Certification under the Low Carbon Buildings Criteria of the Climate Bonds Standard, expanding the options available to issuers seeking to finance low-carbon residential and commercial developments in Mexico. This approval strengthens the market by aligning Minergie's recognised sustainability label with Climate Bonds’ science-based decarbonisation pathways. 

The new Proxy introduces strict performance thresholds to ensure credibility. Residential buildings – both new and existing single-family and multifamily housing – are eligible when they meet Minergie’s requirements, including the “energy production without fossil fuels” criteria, and when electric mobility is enabled wherever on-site parking is provided. For commercial office buildings, eligibility depends on meeting the emissions-intensity targets established by Mexico’s low-carbon trajectory. New and existing office buildings may use Minergie certification to demonstrate compliance with this pathway, provided they also meet the fossil-free energy requirement and enable electric mobility infrastructure. 

The approval also opens new opportunities for social infrastructure. Labels such as Minergie-Barrio, serving vulnerable communities, can now attract additional capital for residential developments as well as educational and health facilities. Already approved as a Proxy in Europe and Switzerland, Minergie’s expansion into Mexico offers issuers and investors a trusted, practical framework for delivering high-quality, resilient buildings aligned with climate goals. 

This Proxy supports Mexico’s transition by reinforcing high energy-efficiency standards, accelerating the shift away from fossil-based systems and requiring the phase-out of on-site fossil fuel dependency. As a Proxy, Minergie provides locally grounded, best-available emissions trajectories that reflect national construction norms and align with Mexico’s Taxonomy. This creates a consistent, science-aligned benchmark in a market where detailed emissions data is still emerging, ensuring that certified buildings represent the highest-performing segment of the Mexican market. The result is greater confidence for issuers, investors, stronger credibility for green building in Mexico. 

Andrés Sanchez, Head of Latin America and the Caribbean, Climate Bonds Initiative 

“The approval of Minergie as a Proxy creates a powerful boost for Mexico’s green building market. It gives issuers and developers a clear, science-based pathway aligned with the national taxonomy, while providing investors with confidence that certified assets meet the highest energy-performance standards. With housing demand rising and cities expanding, this Proxy helps ensure that Mexico’s next wave of construction is efficient, resilient and free from fossil-fuel dependency. It is a major step forward for mobilising capital toward buildings that truly support the country’s climate goals.” 

Jachen Schleich, Executive Director, Minergie Mexico 

"As Executive Director of Minergie Mexico, I welcome the approval of Minergie as a Proxy under the Climate Bonds Standard, as it strengthens the credibility and financing options for low-carbon buildings in the country. This step not only supports access to sustainable capital but also reinforces Minergie’s core principles: low-carbon construction and operation, low energy demand through high efficiency, adaptive comfort based on passive strategies, healthy and non-toxic indoor spaces, responsible water management, and long-term value through quality. These foundations provide a clear and reliable path for delivering buildings that help mitigate and adapt to climate change in Mexico." 

Read the brochure here.

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Contact for interviews and further information:  

Leticia Braga 
Communications Specialist, Climate Bonds Initiative 
leticia.braga@climatebonds.net 

Verónica Maza 
Communications and PR, Minergie México 
veronica.maza@minergie.mx 

About the Climate Bonds Initiative: Climate Bonds is the leading international non-governmental organisation mobilising global capital for climate action. We drive the growth of the green and sustainable debt market through science-aligned frameworks including our taxonomies and standards, our Certification, our data and insights, and our provision of expert policy and technical advice. More information on our website here. 

About Minergie: Minergie was developed in 1998 in Switzerland. It is the most important and most requested construction standard in the country today. Since the beginning, Minergie has also certified projects abroad according to the Swiss standard in 12 different countries. In 2021, the building standard for Latin America was published. A standard that is adapted to the sociocultural aspects, regulatory framework, suppliers and climate zones of Latin America. And we are pleased to announce that the Minergie standard for districts in Latin America (Minergie- Barrio) is currently in the pilot phase and will be published in mid-2026. 

Disclaimer: The information in this communication does not constitute investment advice in any form, and the Climate Bonds Initiative is not an investment adviser. Any reference to a financial organisation, debt instrument, or investment product is for informational purposes only. Links to external websites are provided solely for informational purposes, and the Climate Bonds Initiative assumes no responsibility for their content. The Climate Bonds Initiative does not endorse, recommend, or provide advice on the financial merits or suitability of any debt instrument or investment product. No information within this communication should be construed as such, nor relied upon when making any investment decision. Certification under the Climate Bond Standard solely reflects the climate-related attributes of the use of proceeds for the designated debt instrument. It does not assess the creditworthiness of the instrument, nor its compliance with national or international laws. All investment decisions remain the sole responsibility of the individual or organisation. The Climate Bonds Initiative accepts no liability for any investments made by individuals or organisations, nor for any investments made by third parties on their behalf, based wholly or in part on information contained in this or any other Climate Bonds Initiative public communication.