Environment

ESG Standards: Policies to Actions.

ESG Standards represent the Environmental, Social and Governance standards that have been established by different institutions as a reference to develop investment projects.
Those criterias have their origin in the United Nations Agenda for Sustainable Development, known as the 2030 Agenda, in which the United Nations has proposed 17 Sustainable Development Goals.

17 Sustainable Development Goals.

Based on these objectives, nations have promoted a series of actions to achieve the transformation of society towards sustainable development. Aware of the change that these objectives generate on the way of doing business, investment funds have established based on these a series of criteria that allow carrying out a sustainable and responsible investment.

Sustainable and Responsible Investment.

In the so-called sustainable and responsible investment, environmental, social and governance criteria are integrated into the process of study, analysis, and selection of securities of an investment portfolio.
Therefore, a company, when part of an investment fund or in search of investors, must establish in its work philosophy policies that respond to these criteria. Additionally, this requirement must not only be covered by this type of companies but has been extended to companies that have a direct relationship with them.

ESG Implementation.

To comply with ESG standarts, companies must establish policies, procedures, responsibilities, and actions to achieve the changes that are required.
If a company seeks to make the transformation towards compliance with ESG criteria as a first step, it must review its business policies and include ESG criteria so that they are part of the requirements to be met. Once the policies are established, procedures must be developed to achieve the objectives set out in these policies.

Policies to Actions.
Once the procedures have been developed, a series of activities must be established that will be part of the organization’s business and that will respond to the new requirements, and then define who will be responsible inside or outside the organization for carrying out the actions and the type that is necessary in addition to the resources for it.
This organizational transformation requires specific training in certain areas to achieve the change in the way of working.

Our vision

At Consultora Caribe we help our clients develop environmental policies, procedures and actions that are necessary to comply with ESG criteria.

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