Breakout session two – ESG: Myth or reality?

Doing business based on environmental, social and governance (ESG) criteria has now spread worldwide, but ESG can mean different things to different people. This has created scepticism and even raised the notion that it could be nothing more than a marketing strategy. Despite consensus on the importance of ESG values in business, the lack of specific regulation can affect the commitment of investors to apply them.

Latin America is not alien to this discussion, having in many cases followed the experience of multinational companies and international rating organisations to standardise the collection and reporting of ESG’s impact. This session will analyse the criticism of ESG, the impact of ESG values in Latin America and the influence of international regulations, particularly European rules. We will discuss the trends in ESG in the future and the goals and challenges facing them.