New Regulation on the Social Responsibility of Financial Institutions (Nuevo Reglamento RSE ASFI), 2015

South America Current 2015

The new regulation under Law 393 on Financial Services requires that at the end of the financial year, annual reporting by a financial institution needs to include a Corporate Social Reponsibility Report that is published in the same month as the financial report. The requirement is enforced by the financial supervisory authority of Bolivia.

Scope

General sustainability/ESG/non-financial

Industry sectors covered by the instrument

Specific sector/s

Organizations covered by the instrument

Financial institutions

Issuer type

Financial Regulators

Type of instrument

Legislation

Mandatory or voluntary

Mandatory

The geographical scope

International/regional (eg. EU)

Project Partners