143-15 Resolution S.B.S. Nº 1928-2015 The Superintendent of Banking, Insurance and Private Administrators of Pension Funds

Summary

The superintendency has set forth the minimum requirements for social and environmental risk management in order to promote these practices among financial firms, and therefore diminish the likelihood and severity of social conflicts associated with business activities to which financial firms allocate capital. The objective of this regulation is to establish minimal requirements for social an environmental risk management in order to encourage the firms to implement the best practices and prudent decision making process. This regulation does not attempt to transfer the responsibility or roles that belong to public institutions in charge of social and environmental issues to the firms, or make the firms responsible for potential regulatory breaches by projects and/or their primary suppliers.

Thumbnail image for The superintendency has set forth the minimum requirements for social and environmental risk management in order to promote these practices among financial firms, and therefore diminish the likelihood and severity of social conflicts associated with business activities to which financial firms allocate capital. The objective of this regulation is to establish minimal requirements for social an environmental risk management in order to encourage the firms to implement the best practices and prudent decision making process. This regulation does not attempt to transfer the responsibility or roles that belong to public institutions in charge of social and environmental issues to the firms, or make the firms responsible for potential regulatory breaches by projects and/or their primary suppliers.

Issuer

Peru

Year

2015

Region

South America

Policy Type

Disclosure

Geographical scope

National

Mandatory or voluntary

Mandatory

Main industries targeted

Finance & Insurance
Administrative, Support, Waste Management
Professional, Scientific, & Technical Services
Information

Restrictiveness

Very Low

Sustainable Development Goals (SDGs)

SDG 1: No Poverty
SDG 6: Clean Water and Sanitation
SDG 8: Decent Work and Economic Growth
SDG 10: Reduced Inequality
SDG 12: Responsible Consumption and Production
SDG 13: Climate Action
SDG 14: Life Below Water
SDG 15: Life on Land