Our newest Global Practice Guide “ESG Latin America & the Caribbean - Charting Sustainable Futures" represents a significant milestone in Lex Mundi’s commitment to fostering sustainable business practices. It features crucial updates from 20 jurisdictions, giving clients a broader perspective of the shifting environmental, social, and governance (ESG) landscape within these regions.
Understanding ESG Criteria
Increasingly, ESG criteria are playing an indispensable role in shaping the regulatory environment across Latin America and the Caribbean. Factors such as environmental stewardship, social considerations, and enforcement of sound organizational governance are intrinsic elements of these criteria. Businesses with global ties or those currently operating in jurisdictions transitioning towards local ESG standards must stay informed and compliant with the diverse regulations, laws, and practices in this space.
These ESG standards significantly influence companies' operations, finances, and reputation. Therefore, the need for an all-encompassing guide that navigates through the labyrinth of these regulations cannot be overstated.
Key Themes within the Guide
This guide covers a wide array of vital topics, such as Governance, Disclosure, Environmental and Social Responsibility, Diversity, Equity, and Inclusion (DEI), Prevention of Modern Slavery, Energy Transition, Circular Economy, and more. The guide also delves into areas such as protection of vulnerable or minority communities, climate change prevention, green financing, and specific reporting standards.
The Lex Mundi ESG Latin America & the Caribbean Guide illustrates the interplay between corporate purpose, stakeholder well-being, non-discrimination, sustainable production, and consumption. In addition, it guides companies towards the successful integration of ESG criteria in their existing legal frameworks.
Sustainability is not just a trend, but a necessity. Businesses must align their strategies not only to market demands but also to their role in creating a sustainable future. As we chart this new course, we are confident that our ESG guide will serve as a valuable compass to guide companies in making informed and sustainable decisions in Latin America and the Caribbean.
Compare the ESG policies in your key jurisdictions and create a comparative report here.