The Financial Superintendence of Colombia, through remarks by its Director for Research, Innovation and Development Francisco Duque, called on financial institutions and the broader business sector to embed efficient management of environmental, climate and social risks into day-to-day operations. The comments were made during a panel on integrating biodiversity into corporate risk management held as part of a forum in Bogotá. Implementation of these “new risks” should be built around governance, alignment of policies and procedures, institutional capabilities, impact measurement and cultural change. To achieve meaningful results, firms should set concrete timelines, establish assessment systems and ensure ongoing support for implementation. Duque also pointed to the existing supervisory framework, including External Circular 015 of 2025 on integrating environmental and social factors including climate, and Letter Circular 067 of 2025 on implementation planning, while highlighting that the key challenge is effective adoption by supervised entities across market participants so the approach reaches the wider public.
Superintendencia Financiera de Colombia 2026-04-27
Financial Superintendence of Colombia urges effective implementation of environmental climate and social risk management requirements
The Financial Superintendence of Colombia urged financial institutions and the broader business sector to embed efficient management of environmental, climate and social risks into day-to-day operations. Francisco Duque stressed the need for governance, policy alignment, institutional capabilities, impact measurement and cultural change, supported by concrete timelines and assessment systems, and referenced the supervisory framework under External Circular 015 and Letter Circular 067 of 2025, noting that effective adoption by supervised entities remains the key challenge.