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BIC Law( Law of Collective Interest)

Peru Forthcoming 2019

This law is proposed for companies with ESG impact to incorporate their status as BIC companies, meaning companies that do not only work for economic development but also have a social or environmental aim.

Issuer name

Sistema B - Bcorp Representation in Peru

Government ministry

Project of law

Government ministry notes

This a law still into discussion in Congress. Will include the Ministry of Economy

More information

GRI has been in conversation with Sistema B to refered GRI Report as it is Colombia law.

Organizations covered by the instrument

All Companies

Target organization notes

The political context in Peru is very unstable atm. This law has been approved by the economic team in Congress but is still on hold on debate.

Industry scope

All/none specified

Disclosure venue

annual report

ESG coverage - E (Environment)

All

ESG coverage- S (Social)

All

ESG coverage- G (Governance)

All

ESG coverage- Eco (Economic & General)

All

Status

Forthcoming

Country

Peru

Region

South America

Date of publication

2019

Issuer type

Industry bodies, business associations

Reporting requirements

Public law and regulation

Mandatory or voluntary

Voluntary

The geographical scope

National/federal

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