ESG in Latin America

In much of the discussion it has been assumed that companies consider and adopt ESG policies in response to triggers like general consumer concerns for the environment, trade agreements, or new legislation. But geography is also important. In 2022 ratings agency S&P sought to track “exclusionary policies” – situations where investment funds or other stakeholders decide to drop certain new projects or activities on ESG grounds. It found there were four types of exclusion: activity-based, product based, standards-based, and behavioural based.