Chile NCG 461
CMF Norma de Carácter General N°461 (2021), amended by NCG 519 (2024) and NCG 572 (2026) — Memoria Anual
Topic : ESG disclosure · Level : National
Today
ESG content in annual report mandatory; IFRS S1/S2 start pushed by NCG 572 to FY2027 (report in 2028).
Summary
Chile's CMF requires issuers to include ESG information in an integrated annual report under NCG 461. ISSB-based IFRS S1 and S2 reporting was delayed in July 2026 and now starts with fiscal year 2027.
Who is concerned
- Turnover
- non précisé
- Employees
- non précisé
- Listed company
- cotées et non cotées
- Sectors
- All sectors
- Funds and market entities
- Triggering activities
- Securities issuer supervised by the CMF
- Entity under NCG 30 and NCG 461
- Extraterritorial reach
- No
No direct supplier duty; NCG 461 asks for supplier and supply chain information.
- Examples
- Santiago-listed mining group
- Chilean retail issuer
- Chilean pension fund manager
What the law requires
- Publish an integrated annual report with ESG content (NCG 461)
- Disclose supplier management and payment terms
- Report under IFRS S1 and S2 from FY2027 (NCG 572)
Penalties
CMF fines (Ley 21.000 art. 37): up to UF 15,000 (5x if repeated), 30% of the irregular operation, or 2x the benefit obtained.
What this changes for a supplier in China
Chilean issuers, mainly mining and retail, will need supplier emission data once IFRS S2 applies from FY2027.
Expected evidence
- Scope 1 and 2 emissions data
- Product carbon footprint
- Supplier ESG questionnaire
Tiers : Tier 1