Latin America is one of the regions hardest hit by climate change in the world. Brazil, Mexico, Venezuela, Chile, and Argentina are the countries most likely to experience extreme annual droughts. To combat this, countries have implemented national sustainable finance policies. That is, they have started to take social and environmental factors into account in long-term investment decisions.
Social concern for sustainable economic development has led investors to require more ESG information to determine where their interests will be best protected. The regulations, for their part, have not been left behind and have adapted to this new panorama. It is in this context that the Chilean Financial Market Commission (CMF) published the General Standard 461, which incorporates sustainability and corporate governance issues in the organizations' Annual Report.
Chile is the second-largest producer of salmon in the world after Norway, concentrating 26% of world production. In 2020, the Latin American country harvested 1,043,144 tons according to the Chilean Salmon Council. Maintaining production of this scale in a meticulous manner requires an ecosystemic approach that includes the management of industrial waste, involvement with the communities in the areas of influence, and proper management of legal responsibilities.
The signs are very clear, our planet is facing critical challenges and is demanding us to respond in a serious and timely manner. Climate change, natural disasters, environmental risks, and increasing pressure on natural resources are driving sustainability as a strategic pillar in organizations.
In the international debate on future economic progress, the concept of sustainable development has become a central element. Our lifestyles and ways of doing business have changed rapidly. In these developments, and in the definition of new development models, the environmental component has become increasingly important.
Amid pressures to focus on preventive medicine, one pharmaceutical company broadened its stakeholder base to include patients, their families, and the planet, empowering workgroups to drive its new purpose-driven strategy.
Something that has become increasingly important in companies over time is the incorporation of environmental commitments into the strategic goals of the company. In addition to these internal commitments, every organization must comply with several regulations at the national level. Here is how to identify and address environmental regulations applicable to your business.
When we talk about the implementation of an Environmental Management System, we start to feel that we are going uphill, but it does not have to be a titanic task. The perfect is the enemy of the good, and the important thing is to start with something sufficient to perfect it over time.
"You can't manage what you can't measure" We've all heard that phrase within an organization. For a long time, data has been considered a champion; and there is proof to prove it. Good data management can take an organization a long way; and that is why there are technological tools that make data collection and analysis easy and effective. An example: With software such as M-Risk, it is possible to know the behavior of thousands of different variables corresponding to a period, in just a couple of minutes. To be able to see countless figures in a short period of time is undoubtedly a significant attribute, but we insist that it is not the most important thing. The advantage of using software solutions lies in the transformation of millions of data into useful information for decision-making. This is done in just a few minutes. In this blog we will give you some tips to get the most out of your metrics and generate an impact on your organization.
Non-financial aspects are becoming increasingly relevant in business decisions and therefore it has become essential to incorporate these elements as management variables. Today it is necessary to generate specific metrics, which together with the traditional variables empower decision making. This is where ESG (Environmental, Social, Governance) information has become a valuable element for business.
