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Description :
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GGGI
for its projects in Mexico invites all eligible companies to submit their
bids for the provision of consulting services to develop Technical Elements
for Building the Biodiversity Objective of the Mexican Sustainable Taxonomy.
PROJECT BACKGROUND:
Throughout the development of the Sustainable Finance Mobilization Strategy
(EMFS, as per acronym in Spanish), several key milestones have been achieved.
First, the establishment of a technical working group was crucial for the development
of the EMFS. Additionally, a methodology was created to gather data from
stakeholders regarding the essential objectives and actions that the EMFS
should address. On September 18th, 2023, the EMFS was published by the SHCP.
Furthermore, workshops were organized in 2024 to facilitate widespread
awareness and understanding of the EMFS among various stakeholders. The EMFS
will remain a living document enhanced in the years to come based on country
needs and stakeholder feedback.
A pivotal tool in implementing the EMFS is the Sustainable Taxonomy of Mexico
(TSM, per its acronym in Spanish). The SHCP, in collaboration with other
institutions in the financial sector, including the Sustainable Finance
Committee, published the TSM in Q1-2023. The TSM aims to better understand
the sustainability of products and services from the financial and real-asset
sectors. Its primary objective is to provide a classification framework that
establishes criteria and thresholds to assess whether a project meets sustainability
standards while also ensuring compliance with the principles of "Do No
Significant Harm", “minimum safeguards” and addressing gender gaps. The
first stage of the TSM focuses on three main objectives: 1) Mitigation of
climate change, 2) Adaptation to climate change, and 3) Gender equality.
Sustainable assets will generate impact investment on climate change on 124
activities from six main economic sectors (agriculture, forestry and
livestock; generation, transport and distribution of energy and water;
manufacturing industry; construction; transport and waste management).
Moreover, the objective of gender equality is cross-cutting to all sectors of
the economy and will direct funding toward projects that help close gender
gaps. Credit institutions, institutional investors, and issuers are intended
to implement the TSM to label their sustainable investments and projects
according to this classification system.
In 2024, the TSM has been socialized among users, and is being piloted. For
this, GGGI developed three tools: a) a website aimed to create capacities on
general sustainable finance topics, including the scope of EMFS (Plataforma
de Finanzas Sostenibles), b) a Massive Online Open Course (MOOC) on the
Sustainable Taxonomy of Mexico and, c) a Pilot Programme for the
implementation of the TSM and the application of the EMFS on proposed
institutions. GGGI has supported the development, training and socialization
of both public policies through funding from the UK Partnering for
Accelerated Climate Transitions (UKPACT) and the Green Climate Fund (GCF).
The execution of these activities will prepare stakeholders for the upcoming
regulation related to the implementation of the TSM and the alignment to the
EMFS.
Furthermore, the TSM requires ongoing expansion to include additional
objectives for substantial contribution. There is a pressing need to develop
the biodiversity component within the TSM, recognizing its critical
importance at a regional level. Coordinated efforts are essential to advance
this agenda within the financial sector. The focus will be on refining the
biodiversity aspects of the TSM through in-depth research and active
engagement with stakeholders, ensuring the taxonomy accurately reflects
Mexico’s unique biodiversity needs and aligns economic activities with
environmental sustainability.
Objectives for the Activities Under This Framework
• Develop comprehensive biodiversity minimum criteria within the TSM, which
should at least include the following:
o A review of current international, regional and local practices for
mainstreaming biodiversity in the financial sector.
o Identification of relevant sectors and economic activities in Mexico that
have positive impacts on nature and biodiversity in the context of the
Mexican economy, across different regions in the country, as well as economic
activities with negative impacts on nature and biodiversity.
o Identification of strategic natural assets based on their relevance for the
Mexican economy and responding to the different regions in the country.
o Guidelines to ensure economic activities align with environmental
sustainability and biodiversity conservation and sustainable management.
• Cultivate a diverse and inclusive stakeholder framework: Engage a wide
range of stakeholders, including government entities, environmental and
biodiversity experts, non-governmental organizations, academia, local
communities, private sector and industry representatives, to ensure
comprehensive inputs and foster consensus in the biodiversity taxonomy. For this
activity, a comprehensive mapping exercise will be required.
• Generate a detailed actionable report from the biodiversity discussions:
Influence policymaking by providing evidence-based recommendations to enhance
regulatory frameworks and integrate biodiversity into national and sectoral
policies.
• Embed biodiversity considerations into economic and financial planning:
Generate recommendations on how to develop biodiversity economic instruments
(market, financial, fiscal, incentives) to guide investments on nature-based
solutions and promote ecosystem resilience in the financial sector, while
monitoring and evaluating their effectiveness in achieving biodiversity
conservations goals.
Through these activities, the SHCP will have inputs to significantly enhance
the structure of the TSM, ensuring it robustly supports the integration of
biodiversity considerations into Mexico's financial and economic planning,
thus contributing to the nation’s sustainable development goals.
PROPOSED ACTIVITIES:
The Consulting Firm selected will develop minimum biodiversity criteria for
the Sustainable Taxonomy of Mexico, aiming to embed environmental
sustainability deeper into the country’s economic and financial practices.
The project will start with a detailed research phase to examine the
interplay between biodiversity and various economic sectors and activities.
This foundational research will inform the creation of initial biodiversity
criteria that balance ecological, socio-economic, and technical
considerations.
Following this research, the firm will conduct comprehensive stakeholder
engagement, including workshops with financial institutions, government
bodies, environmental experts, and industry representatives. This step is
crucial for refining the criteria based on a broad spectrum of insights and
ensuring their robustness and broad support.
After gathering stakeholder input, the Consulting Firm will draft and review
detailed documentation of the biodiversity criteria, incorporating all
feedback to finalize their formulation. The project will conclude with the
preparation of a comprehensive final report and strategic recommendations for
integrating these criteria into the existing taxonomy framework.
Throughout the project, the firm will maintain strict resource management,
quality control, and regular evaluation processes to ensure the criteria are
practical and effective. Regular updates and comprehensive reporting will
keep stakeholder engagement, ensuring the project’s transparency and success
of project objectives.
This initiative is designed to enhance Mexico’s commitment to sustainable
development by integrating biodiversity considerations into fiscal, financial
and economic decision-making processes.
SCOPE OF WORK
Under the scope of work for this assignment, the selected Consulting Firm
shall complete the following:
• The Consulting Firm shall undertake extensive research to explore the
critical aspects of biodiversity that are influenced by and impact various
economic activities within Mexico. This research will form the basis for
crafting an initial set of biodiversity criteria that incorporates technical,
economic, and ecological considerations, ensuring alignment with the overall
objectives of the Sustainable Taxonomy of Mexico, the EMFS and existing
environmental regulation. The Consulting Firm aims to complete the initial
draft of these criteria within 4 weeks of project initiation.
• The Consulting Firm will identify and engage with key stakeholders,
including financial institutions, academia, NGOs, environmental experts,
policymakers, local community and industry representatives. This engagement
aims to gather a broad range of perspectives that will enrich the development
of the biodiversity criteria. The firm will organize workshops to present the
draft criteria, solicit feedback, and refine the criteria based on inputs
from these sessions. These engagements are scheduled to take place over 2
weeks period following the development of the initial draft.
• Following stakeholder engagement, the Consulting Firm will prepare
comprehensive documentation detailing the proposed biodiversity criteria.
This document will serve as the foundation for review sessions with the
Sustainable Taxonomy Working Group, during which the firm will facilitate the
incorporation of feedback into the criteria. This phase of the project is
scheduled to occur over 2 weeks, immediately after the stakeholder engagement
phase.
• Upon gathering and incorporating all necessary feedback, the Consulting
Firm will finalize the biodiversity criteria, prepare a final report and
outline strategies for the practical implementation of these criteria within
the existing structures of the Sustainable Taxonomy of Mexico. This final
phase is expected to be completed within 2 weeks.
• The Consulting Firm will allocate appropriate resources, including
personnel, budget, and technology, to support each phase of the project
effectively. This strategic allocation is crucial to maintaining the
project's momentum and ensuring its successful execution.
• The Consulting Firm will establish stringent quality control measures.
These steps are essential to ensure the developed criteria are both high in
quality and practical for implementation.
• The Consulting Firm will set up mechanisms to evaluate the application of
the biodiversity criteria within the taxonomy and gather feedback to refine
and enhance the criteria. This ongoing evaluation will help the criteria to
meet environmental and economic changing conditions.
• Throughout the project, the Consulting Firm will maintain detailed records
of all activities and decisions. They will regularly update all stakeholders
through comprehensive reports detailing the project's progress, challenges
encountered, and actions taken to overcome these challenges.
This structured scope of work ensures meticulous planning, inclusivity, and
effective mainstreaming of biodiversity criteria into the Sustainable
Taxonomy of Mexico, contributing significantly to Mexico’s goals for
sustainable development and nature positive action.
The deliverables related to the implementation of the TSM must be developed
first, and the deliverables related to the implementation of the EMFS in
second, in accordance with stablished the timetable and agenda established
above. Deliverables will be owned by SHCP. The deliverables may not be
published or shared on any website, media, social network, or any other
similar means of dissemination without prior written consent of SHCP. The
deliverable’s non-public content may not be published on any website, media,
social network, or any other similar means of dissemination without the prior
written consent of GGGI and SHCP.
2-year technical support
For more details, please refer to the Terms of Reference (TOR) document
attached.
IMPORTANT TIMELINES:
The tender submission deadline is August 23, 2024, 16:00 Hrs KST (Korean
Standard Time).
If any bidder has any request for clarification on the TOR or any part of the
tender documents, GGGI will be happy to clarify if they are received on or
before 7 days before the deadline (namely: if the tender submission deadline
is 16:00 23 Aug KST, then the due date for submission of request for
clarification is 16:00 16 Aug KST).
Interested parties will be required to register their details on the GGGI
e-Green Procurement Portal (https://in-tendhost.co.uk/gggi).
HOW TO OBTAIN THE DOCUMENTS:
Documents can be accessed via the e-Green Procurement Portal by selecting
‘View Details’ on the relevant notice and then clicking the ‘Tender
Application’ button. If you are a new supplier, you will be required to
register your details. If you have an existing account, you will need to
login to the portal. Please refer to the guidance documents under the
`Supplier Guidance` area of the portal for further information.
ONLINE TENDER MANAGEMENT:
Once in the Tender Management Area for the tender, there are five possible
tabs: ‘Tender’, `Tender Documents`, ‘Correspondence’, ‘Clarifications’ and
‘History’. Select the 2nd tab (`Tender Documents`) where you will find useful
information regarding the RFP. Scroll down to the heading ‘Tender Documents
Received’ where you will be able to view / download the documents.
OPTING IN & OPTING OUT:
Please note that you may be required to ‘Opt In’ before you can start
populating your response. The ‘Opt Out’ functionality will also be available
throughout the duration of the tender process. Opting out will give you the
option of declaring you no longer want to receive any further communication
in relation to this tender along with the opportunity of providing comments
and feedback for this decision. You can choose to ‘Opt In’ at any time during
the tender process if you initially decided to ‘Opt Out’.
SUBMITTING YOUR RESPONSE VIA THE PORTAL:
Please note that you may be required to ‘Opt In’ to be able to submit a
response through the portal. Tenderers will be required to upload any
mandatory Placeholders (i.e., specified documents) within the `Tender
Documents` tab. The ability to attach additional documents may also be
available. Your proposal will not be submitted until you click `Submit
Return`, located towards the bottom of the screen. On clicking `Submit
Return`, you will receive a receipt confirming that your proposal has been
submitted to GGGI.
Please read Instructions on How to submit the Proposal.
NOTIFICATION EMAILS:
To ensure you receive email alerts and notifications from our system, please
add the email domain `@in-tendorganiser.co.uk` to your Safe Senders list.
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