Transparent System of Indicators of Business Environment Best Practice, 2008, Guayaquil Stock Exchange (BVG) and the Business Council for Sustainable Development in Ecuador (CEMDES).

South America Current 2008

This initiative aims to develop a transparent system of business practice based on environmental values that allow companies listed on the BVG to assess their performance towards sustainable development on a permanent basis, thus contributing to the sustained success of their business. Companies that enter the system must collect information for environmental indicators proposed in the Sole Presentation Form (FUP). These indicators are taken from GRI. Certification can be granted to companies that complete the FUP appropriately. With this information at hand, companies may publish results that show a high level of responsibility towards stakeholders.

Scope

General sustainability/ESG/non-financial

Industry sectors covered by the instrument

All/none specified

Organizations covered by the instrument

Large listed companies

Issuer type

Stock Exchange

Type of instrument

Code of conduct or guideline

Mandatory or voluntary

Voluntary

The geographical scope

National/federal

Project Partners