The Financial Superintendence of Colombia published a press release summarising remarks by its Director of Research, Innovation and Development, Francisco Duque, during a panel on trends in sustainable finance regulation at Congress Fest 2025, focusing on recent sustainability-related regulatory advances and the supervisor’s ongoing priorities. Duque highlighted the issuance of the Environmental and Social Risk Management System (SARAS) framework as a key tool to strengthen the management of social, environmental and climate risks across supervised entities. He described SARAS as aiming to standardise concepts, develop specific metrics, and drive concrete implementation measures by senior management, boards of directors and risk managers. The discussion also addressed international sustainable finance trends and the global debate on regulatory intensity, noting that in Colombia regulation continues to be viewed as a key driver of the transition to a green economy. The Financial Superintendence of Colombia expects to continue issuing circulars to guide environmental and social risk management and to embed sustainability elements into its supervisory processes.
Superintendencia Financiera de Colombia 2025-09-04
Financial Superintendence of Colombia outlines SARAS objectives and signals further guidance on environmental and social risk management
The Financial Superintendence of Colombia highlighted the issuance of the Environmental and Social Risk Management System (SARAS) framework to enhance management of social, environmental, and climate risks. SARAS aims to standardize concepts, develop metrics, and drive implementation by senior management and boards. The authority plans to continue issuing circulars to guide risk management and integrate sustainability into supervisory processes.