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Grupo Engen Accelerates Fleet Electrification, Reports 76% Hybrid-EV Adoption and 320,000-Ton CO2 Offset
Grupo Engen’s 2025 Sustainability Report, released on June 16, 2026, shows that 76 % of its internal fleet now runs on hybrid or electric power—an increase that, according to the report, follows a 83 % share the year before.
The company also disclosed that it has offset more than 320,000 tCO₂e since 2022, while its two core units—Engen Capital and TIP México—serve over 7,000 active clients across Mexico.
Green asset origination has expanded markedly. Engen Capital’s green portfolio grew from MX$199 million (US$11.45 million) in 2024 to MX$452 million (US$26 million) in 2025. TIP México’s green holdings rose from MX$420 million (US$24.16 million) to MX$779 million (US$44.81 million). Sustainable vehicles now account for 12 % of TIP México’s leasing contracts, and the firm defines hybrid, plug‑in hybrid and fully electric cars as green assets.
Emissions accounting followed the Greenhouse Gas Protocol and the Partnership for Carbon Accounting Financials (PCAF) frameworks. Grupo Engen reported Scope 1 emissions of 887 tCO₂e, Scope 2 of 312 tCO₂e, and Scope 3 value‑chain emissions of 556,091 tCO₂e. Engen Capital offset 50,000 tCO₂e for corporate clients through verified carbon credits.
TIP México’s fleet electrification rate hit 92 %, supported by eight electric‑vehicle charging stations. Its San Martín Obispo facility added a rooftop solar array of 344 modules—550 W‑peak each—for a total of 189 kW‑peak, which generated 124,715 kWh of clean electricity in 2025 and cut Scope 2 emissions by 36 %.
Water use climbed to 4,659 m³, with 499 m³ treated and recycled—an 11 % operational recycling rate. Waste management shifted 87 % of 196,930 kg of operational waste to industrial co‑processing and the remaining 13 % to sanitary landfills.
Financially, consolidated assets rose to MX$28.37 billion (US$1.63 billion) from MX$27.86 billion (US$1.60 billion) in 2024. Operating revenue grew 7.5 % to MX$5.97 billion (US$342.35 million). Pre‑tax profit fell to MX$681 million (US$39.08 million) from MX$1.29 billion (US$74.21 million) because of unrealised foreign‑exchange losses of MX$82 million (US$4.71 million) and interest‑related losses of MX$295.6 million (US$16.97 million) tied to derivative revaluation.
Governance has been updated to reinforce sustainability. Ten percent of executive variable compensation now hinges on ESG targets, and the nine‑member board includes three independent directors and one female director, giving women 11 % representation.
Both CEOs highlighted sustainability as a strategic pillar. Juan Pablo Loperena and Mauricio Medina said the firm is “consolidating sustainability as a strategic pillar of our business in an environment where financing and mobility play a key role in the transition toward more efficient, low‑emission models.” The report positions Grupo Engen as a growing player in Mexico’s B2B financing, transportation and logistics sectors.
Looking ahead, Grupo Engen plans to expand green asset origination and fleet electrification. The 2026 financial calendar will include a review of ESG metrics, potential new renewable‑energy projects, and further integration of PCAF and GHG Protocol reporting. Investors and regulators will watch the next earnings release for updates on the impact of ESG‑linked compensation and the progress of carbon‑offset initiatives.
The company also disclosed that it has offset more than 320,000 tCO₂e since 2022, while its two core units—Engen Capital and TIP México—serve over 7,000 active clients across Mexico.
Green asset origination has expanded markedly. Engen Capital’s green portfolio grew from MX$199 million (US$11.45 million) in 2024 to MX$452 million (US$26 million) in 2025. TIP México’s green holdings rose from MX$420 million (US$24.16 million) to MX$779 million (US$44.81 million). Sustainable vehicles now account for 12 % of TIP México’s leasing contracts, and the firm defines hybrid, plug‑in hybrid and fully electric cars as green assets.
Emissions accounting followed the Greenhouse Gas Protocol and the Partnership for Carbon Accounting Financials (PCAF) frameworks. Grupo Engen reported Scope 1 emissions of 887 tCO₂e, Scope 2 of 312 tCO₂e, and Scope 3 value‑chain emissions of 556,091 tCO₂e. Engen Capital offset 50,000 tCO₂e for corporate clients through verified carbon credits.
TIP México’s fleet electrification rate hit 92 %, supported by eight electric‑vehicle charging stations. Its San Martín Obispo facility added a rooftop solar array of 344 modules—550 W‑peak each—for a total of 189 kW‑peak, which generated 124,715 kWh of clean electricity in 2025 and cut Scope 2 emissions by 36 %.
Water use climbed to 4,659 m³, with 499 m³ treated and recycled—an 11 % operational recycling rate. Waste management shifted 87 % of 196,930 kg of operational waste to industrial co‑processing and the remaining 13 % to sanitary landfills.
Financially, consolidated assets rose to MX$28.37 billion (US$1.63 billion) from MX$27.86 billion (US$1.60 billion) in 2024. Operating revenue grew 7.5 % to MX$5.97 billion (US$342.35 million). Pre‑tax profit fell to MX$681 million (US$39.08 million) from MX$1.29 billion (US$74.21 million) because of unrealised foreign‑exchange losses of MX$82 million (US$4.71 million) and interest‑related losses of MX$295.6 million (US$16.97 million) tied to derivative revaluation.
Governance has been updated to reinforce sustainability. Ten percent of executive variable compensation now hinges on ESG targets, and the nine‑member board includes three independent directors and one female director, giving women 11 % representation.
Both CEOs highlighted sustainability as a strategic pillar. Juan Pablo Loperena and Mauricio Medina said the firm is “consolidating sustainability as a strategic pillar of our business in an environment where financing and mobility play a key role in the transition toward more efficient, low‑emission models.” The report positions Grupo Engen as a growing player in Mexico’s B2B financing, transportation and logistics sectors.
Looking ahead, Grupo Engen plans to expand green asset origination and fleet electrification. The 2026 financial calendar will include a review of ESG metrics, potential new renewable‑energy projects, and further integration of PCAF and GHG Protocol reporting. Investors and regulators will watch the next earnings release for updates on the impact of ESG‑linked compensation and the progress of carbon‑offset initiatives.
