Legal Guide to Do Business in Colombia 2015

South America Current 2015

The Government of Colombia, through its investment promotion agency Procolombia, released its Legal Guide to Doing Business in Colombia, a public policy document guiding investors wanting to operate in the country. The guide recommends companies to adopt a CSR approach in order to improve their competitiveness. On page 156 onwards, they have included GRI as one of the tools to implement the government’s expectations with regards to CSR and responsible business behavior.

Scope

General sustainability/ESG/non-financial

Industry sectors covered by the instrument

All/none specified

Organizations covered by the instrument

All organizations except those in the public sector

Issuer type

Business/Trade/Industry

Type of instrument

Code of conduct or guideline

Mandatory or voluntary

Voluntary

The geographical scope

National/federal

Project Partners