Corporate Responsibility
Our commitment to operate in a manner that minimizes our impact drives us to ensure we deliver a positive contribution to the environment, our communities, and the world at large.
We are aligned with the United Nations’ Sustainable Development Goals which recognize “that ending poverty and other deprivations must go hand-in-hand with strategies that improve health and education, reduce inequality, and spur economic growth – all while tackling climate change and working to preserve our oceans and forests.”
Human rights
According to the UN Guiding Principles on Business and Human Rights, companies should respect Human Rights and seek to prevent or mitigate potential Human Rights issues that may be caused directly by a company’s projects or operations, or by project partners and suppliers. According to IFC Performance Standard 1, “each of the IFC Performance Standards has elements related to human rights dimensions that a project may face in the course of its operations. Due diligence against these Performance Standards enables companies to address many relevant human rights issues in its project.” The UN Guiding Principles, the IFC Performance Standards and various International Labor Organization (ILO) standards are the benchmark for guiding companies in ensuring respect for Human Rights.
Mexico Pacific commits to respect human rights in all our activities and to respect national laws and internationally recognized human rights standards including the Universal Declaration of Human Rights, the principles set forth in the fundamental conventions of the International Labor Organization, and the United Nations Guiding Principles on Business and Human Rights (UNGP).
Supporting the Global Energy Transition and Providing Energy Security
LNG plays a pivotal role in the global energy transition and energy security. Coal to gas switching is a key driver for Asia to achieve its climate goals. Natural gas emits up to 55% lower greenhouse gas emissions than coal, and when used in the generation of electricity is far less damaging to the environment. With little indigenous and depleting domestic gas reserves, Asia’s natural gas demand growth will be met by LNG.
Saguaro Energía is doing its part by bringing a new source of LNG supply to the Asian market.
Climate
We recognize the importance of identifying, assessing and managing climate-related risks and opportunities. Asset-level climate risk assessments provide a practical way to understand climate-related risks and common issues across the organization. For these, we work with a leading sustainability consultant to review the impact of climate issues on our assets during construction and operations.
Climate-related risks (physical and transition risks) were assessed using scenario-based analysis. During 2022 we completed an exhaustive Climate Change Risk Assessment (CCRA) exercise based on applicable guidelines including the Equator Principles (EP) and the Task Force on Climate-Related Financial Disclosure (TCFD).
Protecting our Environment Brings us Closer to a More Sustainable Future
We are making conscious design, equipment and technology choices that will minimize our impact on the environment even if they require additional investment.
Our site selection provides inherent environmental benefits through a facility layout which minimizes land usage. There are no endangered species on site and the premiere topography requires minimal site preparation.
Shipping routes avoid protected areas and the existing nearby natural deep-water port does not require dredging or breakwater minimizing the impact to our marine environment.
Our site selection provides inherent environmental benefits through a facility layout which minimizes land usage. There are few endangered species on site and the premiere topography requires minimal site preparation.
We have conducted extensive baseline studies in support of our permitting efforts that include terrestrial flora and fauna surveys, marine baseline studies, critical habitat assessment, ecosystem services and cumulative impact assessments.