IFRS S2 for Media & Entertainment 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.
Televisa and TV Azteca are BMV issuers with binational operations (USA/Mexico) where Mexican IFRS S2 regulation coexists with SEC climate disclosure requirements — forcing them to align emissions methodologies between CNBV and SEC simultaneously, with different geographic perimeters and accounting consolidation.
Why IFRS S2 Applies Differently in Media & Entertainment
CFO and Sustainability Director of BMV-listed media groups
Distributed transmission infrastructure (towers, repeaters, satellite transponders) — >200 transmission sites in Mexico with low individual energy consumption but no aggregate consumption telemetry for Scope 1+2
OTT content data centers (streaming) — energy consumption in own data centers vs. cloud (AWS/Azure) where emissions allocation per subscriber/streaming hour has no standard IFRS S2 methodology
Audiovisual production — energy consumption on sets, cranes, diesel generators at external locations, which varies enormously by production and is not recorded in ERP
E-waste from broadcast equipment (cameras, playout servers, encoders) — technology refresh accelerated by 4K/8K generates high-value electronic waste without a formal take-back program
Critical IFRS S2 KPIs for Media & Entertainment
| Required KPI | Data Source | Difficulty |
|---|---|---|
| PUE of own data centers (ratio, target <1.5) | Purchased electricity (Scope 2) | High 🔴 |
| GHG per hour of content produced (kgCO2e/hour produced) | Electricity bills (Scope 2) | High 🔴 |
| Percentage of renewable energy in own infrastructure (%) | Cat 11 - Consumo energético de audiencias (TV en hogares) | High 🔴 |
| Electronic waste recycled or repurposed per year (tonnes) | HR / payroll system | Medium 🟡 |
| Emissions intensity per active OTT subscriber (kgCO2e/subscriber/year) | ERP / accounting system | Medium 🟡 |
Hard-to-Collect Data in Media & Entertainment
Electricity consumption of analog/digital transmission towers scattered across the country (many without smart meters, only bimonthly estimated CFE bill)
PUE (Power Usage Effectiveness) efficiency of own data centers vs. emissions allocation from shared cloud data centers
Broadcast electronic waste inventory by type and retirement year (requires integration with fixed assets registered in accounting system)
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 Media & Entertainment
- 1
Reporting of GHG emissions Scope 1, 2, and 3 (full value chain) in metric tons of CO₂ equivalent
- 2
Climate scenario analysis aligned to TCFD using at least 1.5°C and 2°C as reference pathways
- 3
Identification and quantification of physical risks (chronic and acute) and transition risks
- 4
Disclosure of emissions reduction targets, including net-zero goals with interim milestones
- 5
Description of how climate risks and opportunities affect business model, strategy, and cash flows
- 6
Connect data sources (ERP, meters, suppliers) to a centralized platform
- 7
Review with internal audit team and adjust consolidation perimeter
- 8
Generate report in CNBV/CINIF format ready for external assurance
How Climatta Automates IFRS S2 for Media & Entertainment
Automated Collection
Eliminate spreadsheets in Media & Entertainment. Climatta connects your systems and automatically collects PUE of own data centers 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 Media & Entertainment systems in 4 weeks. No months-long IT project or external implementation consultant.
FAQ: IFRS S2 in Media & Entertainment
Ready to comply with IFRS S2 in Media & Entertainment?
Climatta centralizes all data collection, generates the report in regulatory format, and leaves it ready for 2027 external assurance. No spreadsheets.