EGADE Business School professors Carlos Vargas and Alicia Galindo joined the more than 200 speakers in sharing their ideas and experiences at INCmty 2021.

By JOSÉ ÁNGEL DE LA PAZ | EGADE BUSINESS SCHOOL 

Key points on sustainable finance and taxes for entrepreneurs were presented by Carlos Vargas and Alicia Galindo, EGADE Business School professors, within the framework of the ninth virtual edition of INCmty.

The academics delivered the conferences “Sustainable Finance 3.0” and “Taxes for Entrepreneurs,” respectively, within the Business Hacks Summit track of the Tecnológico de Monterrey's innovative entrepreneurship festival. 

SUSTAINABLE FINANCE: MAXIMIZING RETURN AND IMPACT

Vargas analyzed the current status of sustainable finance in Mexico and the world.

In the current context defined by the climate emergency and the COVID-19 pandemic, the global financial sector will continue to be indispensable to achieve the United Nations Sustainable Development Goals (SDGs), assured the professor from EGADE Business School's Department of Finance and Economics.

In that sense, he added, impact investing, green bonds, and microfinance are key tools in achieving global climate goals.

Vargas explained that business ventures seeking to contribute to global efforts to mitigate polluting gas emissions should pay special attention to the priorities of sustainable investing, based on environmental, social and corporate governance (ESG) criteria.

TAXES FOR ENTREPRENEURS: BEING COMPLIANT HAS ITS ADVANTAGES

Galindo focused on the benefits of complying with tax obligations and the main challenges in understanding and managing these duties with the Tax Administration Service (SAT), in the Mexican context.

Being tax compliant, he highlighted, has the advantage of facilitating access to bank and institutional financing with better credit conditions, while fomenting the building of strategic alliances with other organizations and promoting transparency, something that is highly valued among clients and consumers.

The EGADE Business School Department of Finance and Economics professor and director of the B.A. in Finance and Accounting program at Tec de Monterrey stressed that

the recent simplification and digitization of SAT procedures has allowed taxpayers to improve their strategic planning regarding tax obligations.

In turn, this has facilitated efficiency in establishing new businesses in Mexico, she said.