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In corporate environmental, social, and safety management, regulatory compliance is crucial in ensuring organizations operate responsibly and sustainably. However, complying with legal requirements can be a difficult task.
Today, I invite you to focus all your attention on a function that is sometimes superficially seen by some managers without appreciating the true scope and benefits for their companies and the possible negative consequences that could result from this lack of vision.
When developing projects that may have an effect on the environment, companies in Chile submit their projects and their mitigation, compensation, or remediation measures for environmental impacts to an evaluation process in which the authority verifies their environmental viability. To enter this process, companies submit an Environmental Impact Statement (DIA in Spanish) or an Environmental Impact Assessment (EIA).
Processing an environmental license can be a complicated and tedious process for any project. In 2021 alone, 936 projects were submitted for environmental assessment in Chile and only 521 of them were approved. The annual approval rate of 55% is similar in the rest of Latin America. Many of these rejected projects had problems obtaining permits, a highly influential factor in the success of a project.
Today it is a reputational requirement for organizations to systematically and consistently address the environmental and social commitments associated with the business. Sustainability has become a strategic pillar for organizations and therefore requires more comprehensive and far-reaching management.
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.
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.
