Colombia / Binding regulation
Colombia CE 031/2021
Superintendencia Financiera de Colombia — Circular Externa 031 de 2021 (ASG and climate disclosure)
In force2021-12-22NewModified
Topic : ESG disclosure · Level : National
Today
RNVE issuers disclose ASG and climate info (TCFD, SASB) in periodic report; no SFC IFRS S1/S2 mandate; CTCP voluntary plan 2026.
Summary
Colombia's financial regulator requires issuers to report social, environmental and climate information in their periodic report under Circular 031 of 2021. It uses TCFD and SASB references and accepts ISSB standards.
Who is concerned
- Turnover
- non précisé
- Employees
- non précisé
- Listed company
- cotées seulement
- Sectors
- All sectors
- Triggering activities
- Securities registered in the RNVE
- Extraterritorial reach
- No
non précisé
- Examples
- BVC-listed energy group
- Colombian bank issuer
- Colombian cement issuer
What the law requires
- Disclose social and environmental matters in the periodic report
- Disclose climate risks using TCFD-based approach
- Use SASB industry metrics or IFRS S1/S2
Penalties
Up to COP 550m (2002 pesos, CPI-indexed) per breach, min. 10 SMMLV, repeatable (Ley 964/2005 arts 53, 55; EOSF art. 208.3).
SUPPLIER INTELLIGENCE
What this changes for a supplier in China
Limited. Colombian issuers may send ESG questionnaires to Chinese suppliers of equipment or goods.
Expected evidence
- Supplier ESG questionnaire
- Scope 1 and 2 emissions data
- Code of conduct acknowledgment
Tiers : Tier 1