Chile Requires Companies to Report on Sustainability

Chile’s insurance and securities regulator has issued new rules requiring companies registered in the country to report on the adoption of policies related to corporate governance, sustainable development and corporate social responsibility. Under General Norm No. 385 published June 8 by Superintendencia de Valores y Seguros, companies in Chile must report by every March 31 on policies that their board of directors adopted during the preceding calendar year, including initiatives for social responsibility and sustainable development, sustainability risks and targets, and its performance on public sustainability indexes.