ISSB MAY OFFER CHILE AN ECONOMIC LIFELINE – ATTRACTING MUCH NEEDED FOREIGN CAPITAL
February 22nd, 2023
International sustainable reporting standards may seem like a worthy effort to corral companies into good fighting climate change but in Chile, integrated reporting is deemed an economic lifeline.
Its Financial Market Commission (CMF - Comisión para el Mercado Financiero) has issued a General Rule No. 461 telling non-financial listed companies with total consolidated assets exceeding 20 million units of Unidad de Fomento (UF) - a stable measure of value worth USD691 million in February (2023) - to issue ESG reports from March (2023). Smaller listed ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.