October 17, 2019 |
On a clear day, the volcanos south of Mexico City are visible from the Polanco offices of DEG, a division of German development bank KfW that invests in private sector companies in emerging markets.
But clear days are rare in the Mexican capital, which is often cloaked in smog. A recent pollution emergency, caused by raging forest fires, turned the sky of the capital even darker than usual and bathed the city in an acrid smell. Residents were warned to stay indoors and plug gaps under doors with damp cloths.
“You just need to look around,” says Johannes Goderbauer, director of DEG’s representative office in Mexico. “Climate change is a fact, and we should be treating it as such.”
A growing n
As companies try to respond, they struggle to identify strategies and methods to measure success