April 05, 2014
First Ranking of Corporate Sustainability in Colombia Published
by Robert Kropp
The ranking of the 20 most sustainable companies operating in Colombia uses research framework and
methodology developed by Sustainalytics.
Last November, Sustainalytics announced the formation of
the Latin American Sustainable Investment Forum (LatinSIF), the region's first such organization.
The formation of the Forum was driven by the Colombian Securities Exchange (BVC – Bolsa de Valores
de Colombia), Sustainalytics, and Deloitte, “to create a network among the region’s financial and
corporate players to collaborate and share knowledge about responsible investment.”
Partnering with Semana Sostenible (Sustainable Week), a Colombia-based magazine that
focuses on corporate social responsibility (CSR) issues, Sustainalytics also had a hand in the
development of the first ranking of sustainable corporations in Colombia. Published late last
month, Las 20 Más Sostenibles “intends to raise awareness among investors and businesses about the
growing importance of corporate environmental, social, and governance (ESG) performance among
global capital markets,” Sustaina
lytics stated in a press release.
“The companies included in the ranking were selected
using Sustainalytics’ research framework and methodology for measuring corporate ESG performance,”
the research firm continued. “The selected companies had the highest overall ESG scores among
Colombia-based companies in Sustainalytics’ research universe.” Sustainalytics also stated that the
highest-raning companies came from a variety of industry sectors and performed well when measured
against sector and industry best practices.
“‘Las Más 20 Sostenibles’ shines a light on
some of Colombia’s sustainability leaders,” said Alejandro Navarro of Sustainalytics. “As the
global sustainable investment movement continues to grow and Latin American markets continue to
open up to foreign investment, it is important for the Latin American business community to be
aware of the importance of ESG factors for foreign and local investors.”