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    Regulatory Guide 2026

    IFRS S2 for Logistics & Transport in Mexico: 2026 Guide

    IFRS S2 is the climate-specific standard adopted by CNBV as mandatory for all BMV and BIVA issuers starting January 2025, making Mexico the first country in North America to implement IASB's ISSB standards. Companies must report GHG emissions across all three scopes, conduct climate scenario analysis, and disclose how climate change impacts their strategy and financial model. Limited assurance of the report by an external auditor will be required starting with the 2027 reporting cycle.

    The Mexican logistics sector faces simultaneous pressure from IFRS S2 (listed issuers) and from multinational clients demanding carbon footprint data per shipment for their own CSRD/TCFD reports. DHL and Estafeta already receive Scope 3 Cat 4 requests from more than 200 corporate clients — the ability to report tCO2e per tonne-km is a growing commercial differentiator.

    Why IFRS S2 Applies Differently in Logistics & Transport

    CFO and Sustainability Director of BMV-listed logistics operators

    Companies in this sector:EstafetaFletes TufesaDHL MéxicoGrupo TMM

    Own fleet + third-party carriers — consolidating Scope 1 (own fleet) and Scope 3 Cat 4 (contracted transport) requires different methodologies and data that third-party carriers don't have

    Fuel consumption per route/client not available in legacy TMS — GPS tracking systems capture times but not direct consumption

    Refrigerated transport (cold chain) — consumption of refrigeration systems independent of the main engine, without sub-metering in >60% of the fleet

    Empty runs accounted as Scope 1 of the operator or Scope 3 of the client? — GHG Protocol methodology for logistics still under discussion in the sector

    Critical IFRS S2 KPIs for Logistics & Transport

    Required KPIData SourceDifficulty
    tCO2e per tonne-km (Scope 1 + Scope 3 Cat 4 combined)Direct combustion (Scope 1)High 🔴
    Fuel efficiency of own fleet (km/liter by vehicle type)ERP / operating systemsHigh 🔴
    Percentage of electric/natural gas/alternative fleet (%)Cat 4 - Transporte upstream tercerizadoHigh 🔴
    Empty run rate (%)HR / payroll systemMedium 🟡
    Cold chain emissions per refrigerated unit (kgCO2e/trip)ERP / accounting systemMedium 🟡

    Hard-to-Collect Data in Logistics & Transport

    Fuel consumption of outsourced carriers per trip (requires trip sheet data that carriers don't digitize)

    Emissions from refrigeration system (R-404A/R-452A) in refrigerated units — refrigerant leak measurement per unit

    Average load factor per route for tCO2e per tonne-km calculation

    That is why manual Excel-based processes will not pass the 2027 assurance. Without automated traceability, an external auditor cannot verify the completeness or accuracy of emissions data.

    Checklist: 8 Steps to Comply with IFRS S2 in Logistics & Transport

    1. 1

      Reporting of GHG emissions Scope 1, 2, and 3 (full value chain) in metric tons of CO₂ equivalent

    2. 2

      Climate scenario analysis aligned to TCFD using at least 1.5°C and 2°C as reference pathways

    3. 3

      Identification and quantification of physical risks (chronic and acute) and transition risks

    4. 4

      Disclosure of emissions reduction targets, including net-zero goals with interim milestones

    5. 5

      Description of how climate risks and opportunities affect business model, strategy, and cash flows

    6. 6

      Connect data sources (ERP, meters, suppliers) to a centralized platform

    7. 7

      Review with internal audit team and adjust consolidation perimeter

    8. 8

      Generate report in CNBV/CINIF format ready for external assurance

    How Climatta Automates IFRS S2 for Logistics & Transport

    Automated Collection

    Eliminate spreadsheets in Logistics & Transport. Climatta connects your systems and automatically collects tCO2e per tonne-km and other critical KPIs.

    Auditor-Grade Traceability

    Every data point has source, date, and owner documented. The 2027 assurance auditor can trace every figure to its origin in your systems.

    IFRS S2 Report Ready

    Generates the report in the exact CNBV format — tables, metrics, and narrative. No last-minute manual reformatting.

    Onboarding in 4 Weeks

    Climatta connects to Logistics & Transport systems in 4 weeks. No months-long IT project or external implementation consultant.

    FAQ: IFRS S2 in Logistics & Transport

    Yes. The Mexican logistics sector faces simultaneous pressure from IFRS S2 (listed issuers) and from multinational clients demanding carbon footprint data per shipment for their own CSRD/TCFD reports.

    The first report covers FY2025 and must be submitted in 2026 to CNBV. Aseguramiento limitado requerido desde 2027.

    IFRS S2 requires: Reporting of GHG emissions Scope 1, 2, and 3 (full value chain) in metric tons of CO₂ equivalent; Climate scenario analysis aligned to TCFD using at least 1.5°C and 2°C as reference pathways; Identification and quantification of physical risks (chronic and acute) and transition risks. For Logistics & Transport, the most critical are: tCO2e per tonne-km (Scope 1 + Scope 3 Cat 4 combined), Fuel efficiency of own fleet (km/liter by vehicle type), Percentage of electric/natural gas/alternative fleet (%).

    Issuers that fail to submit the IFRS S2 report to CNBV in 2026 face formal observations, potential suspension of stock exchange operations, and reputational damage with ESG investors. Aseguramiento limitado requerido desde 2027.

    With Climatta, typical onboarding for Logistics & Transport takes 4–8 weeks: 2 weeks connecting to existing systems, 2 weeks validating historical data, and 2–4 weeks generating the pilot report in CNBV format.

    Ready to comply with IFRS S2 in Logistics & Transport?

    Climatta centralizes all data collection, generates the report in regulatory format, and leaves it ready for 2027 external assurance. No spreadsheets.