In 2007, the Institute of the National Fund for Workers’ Housing (Instituto del Fondo Nacional de la Vivienda para los Trabajadores, commonly known as INFONAVIT), the country’s largest mortgage lender, created a program called “Hipoteca Verde” (Green Mortgage) in which consumers could get an additional credit of up to MXN 38,000 (about USD 2,800) and minimum monthly savings of up to MXN 400 (about USD 30).

The program offered credits for housing that is bought, built, extended, or remodeled and equipped with energy-saving accessories for water, gas and electricity, such as faucets, light bulbs, and solar heaters.

INFONAVIT credit is also offered to those who want to build on their own property, and an additional amount of credit is granted specifically to cover the costs that installations generate to comply with the minimum energy, water and gas saving standards stated by the program. The installations must be purchased by suppliers authorized by the program. Loan amounts will form part of the mortgage owed to INFONAVIT, which, in turn, will pay the suppliers.

Private sector companies have also participated in “green” financing initiatives, exemplified by the alliance between the International Finance Corporation and Santander that commenced in May 2023. This collaboration aims to support and provide financing to sustainable construction projects in Mexico. Others, like CEMEX, have embarked on significant investments to reduce CO2 emissions in processes associated with construction products, such as cement.