Making Latin American companies' climate action more visible
About the Report
Thanks to the Net Zero Fund Scotiabank, obtained by Libélula, the nexos+1 climate action platform prepared the Latin American Corporate Climate Action Report.
This effort provides a better understanding of the maturity, challenges and opportunities of corporate climate action and commitments in nine countries in the region.
The information collected is presented in two publications:
- The "Report"This report presents the progress made in climate action by the private sector in Latin America and the challenges and opportunities faced by companies in the region.
- The "Report"which showcases 9 success stories of Latin American companies that are driving their climate action across the region.
Please leave your contact information to download both publications.
Corporate climate maturity results for Latin America
Corporate climate action is the set of articulated actions that a company deploys as part of its business strategy to reduce its greenhouse gas (GHG) emissions, increase resilience and adaptive capacity to climate-induced impacts.
The Report collects information from 109 companies in 9 Latin American countries using a Libélula tool that assesses climate maturity. This tool measured climate maturity according to 6 dimensions based on the 4 Race to Zero membership criteria (Pledge, Plan, Proceed and Publish) to which the dimensions Purpose and Governance were added:
Purpose and strategy:
The company's business strategy incorporates its commitment to managing its triple impact on the planet.
Commitment:
Explicit commitment to achieve carbon neutrality by 2050, aligned with science.
Planning:
Plan with goals, roles, processes and tools to achieve carbon neutrality in the short, medium and long term.
Proceed:
Implementation consistent with the delivery of results defined in the carbon neutrality strategy.
Publish:
Public reporting of corporate climate action progress through official platforms.
Governance:
The conditions of the institution are in place to be able to carry out corporate climate action.
We present the main results for the region and for each of the countries that were evaluated. (click on the flags to access the disaggregated results for each country). The results are representative of the sample evaluated, it is not a statistical sample.
Latin America
Latin American companies are at an early to intermediate stage of climate maturity.
It is noted that in general, they are contributing to the UN Sustainable Development Goals (SDGs) and making progress in measuring their carbon footprint and that they have the governance structure in place to implement climate action.
Most of them have not identified the risks and opportunities posed by climate change. There is room for improvement in terms of establishing commitments, implementing a climate action plan and reporting their actions and progress.
STATE OF CLIMATIC MATURITY
0-25% Immature state
Just recognizing the relevance of climate change to the organization.
25-50% Early stage
Laying the groundwork for climate action.
50-75% Intermediate status
Advancing and improving its climate action.
75-100% Advanced status
Strategic, effective and transparent climate action
Argentina
Chile
Colombia
Guatemala
Ecuador
Honduras
Peru
Dominican Republic
Uruguay
STATE OF CLIMATIC MATURITY
0-25% Immature state
Just recognizing the relevance of climate change to the organization.
25-50% Early stage
Laying the groundwork for climate action.
50-75% Intermediate status
Advancing and improving its climate action.
75-100% Advanced status
Strategic, effective and transparent climate action
Argentina
Argentine companies are the most advanced in reporting their actions and measuring their carbon footprint. They exceed the regional average in the other dimensions.
STATE OF CLIMATIC MATURITY
0-25% Immature state
Just recognizing the relevance of climate change to the organization.
25-50% Early stage
Laying the groundwork for climate action.
50-75% Intermediate status
Advancing and improving its climate action.
75-100% Advanced status
Strategic, effective and transparent climate action
Chile
Chilean companies lead the region in the commitment dimension; they are making progress in measuring their emissions and reporting their progress. There is opportunity for improvement with respect to developing the necessary internal structure (clear processes and roles) to implement their climate action.
STATE OF CLIMATIC MATURITY
0-25% Immature state
Just recognizing the relevance of climate change to the organization.
25-50% Early stage
Laying the groundwork for climate action.
50-75% Intermediate status
Advancing and improving its climate action.
75-100% Advanced status
Strategic, effective and transparent climate action
Colombia
Colombian companies outperform the regional average in all dimensions, but most notably in their progress in reporting and governance, where they have clear leadership and roles.
STATE OF CLIMATIC MATURITY
0-25% Immature state
Just recognizing the relevance of climate change to the organization.
25-50% Early stage
Laying the groundwork for climate action.
50-75% Intermediate status
Advancing and improving its climate action.
75-100% Advanced status
Strategic, effective and transparent climate action
Guatemala
Guatemalan companies are in line with the regional average, slightly outperforming in their progress in measuring and developing climate action plans.
STATE OF CLIMATIC MATURITY
0-25% Immature state
Just recognizing the relevance of climate change to the organization.
25-50% Early stage
Laying the groundwork for climate action.
50-75% Intermediate status
Advancing and improving its climate action.
75-100% Advanced status
Strategic, effective and transparent climate action
Ecuador
Ecuadorian companies outperform the regional average in aligning their business with the SDGs and committing to climate action. There is room for improvement in terms of measuring and reporting their progress.
STATE OF CLIMATIC MATURITY
0-25% Immature state
Just recognizing the relevance of climate change to the organization.
25-50% Early stage
Laying the groundwork for climate action.
50-75% Intermediate status
Advancing and improving its climate action.
75-100% Advanced status
Strategic, effective and transparent climate action
Honduras
Honduran companies slightly outperform the Latin American average in contributing to the SDGs. However, there is room for improvement in terms of commitment, emissions reductions and offsets, progress reporting, and internal governance structure.
STATE OF CLIMATIC MATURITY
0-25% Immature state
Just recognizing the relevance of climate change to the organization.
25-50% Early stage
Laying the groundwork for climate action.
50-75% Intermediate status
Advancing and improving its climate action.
75-100% Advanced status
Strategic, effective and transparent climate action
Peru
Peruvian companies are below the regional average in all six dimensions. The dimension in which there is the greatest progress is in planning, which reflects that most are measuring their emissions.
STATE OF CLIMATIC MATURITY
0-25% Immature state
Just recognizing the relevance of climate change to the organization.
25-50% Early stage
Laying the groundwork for climate action.
50-75% Intermediate status
Advancing and improving its climate action.
75-100% Advanced status
Strategic, effective and transparent climate action
Dominican Republic
Dominican companies generally outperform the Latin American average in all dimensions. Their progress in reducing their emissions and offsetting them stands out.
STATE OF CLIMATIC MATURITY
0-25% Immature state
Just recognizing the relevance of climate change to the organization.
25-50% Early stage
Laying the groundwork for climate action.
50-75% Intermediate status
Advancing and improving its climate action.
75-100% Advanced status
Strategic, effective and transparent climate action
Uruguay
Uruguayan companies have the necessary internal structure to drive climate action. However, they are below the Latin American average in terms of planning, proceeding and publishing their progress.
STATE OF CLIMATIC MATURITY
0-25% Immature state
Just recognizing the relevance of climate change to the organization.
25-50% Early stage
Laying the groundwork for climate action.
50-75% Intermediate status
Advancing and improving its climate action.
75-100% Advanced status
Strategic, effective and transparent climate action
nexos+1 is the Latin American business climate action platform.
We catalyze the decarbonization of the economy through our community, our corporate membership and our action spaces.
Benefits of participating in the report
Receive a climate maturity diagnosis for your company
Learn and get to know the experiences of other companies in your country and the region.
Networking with companies linked to climate action
Visibility of your company in the Report
Events
Between the months of May and September we will be developing workshops in the following areas 10 Latin American countries in which we will know the state of maturity of companies and all that they can do in the way of increasing climate ambition.
Events
carried out
Discover the workshops that have already taken place
From May to September 2022 we have developed workshops in the following areas 10 countries in Latin America in which we learned about the state of maturity of the companies.
Learn about the events we have for you
We know the state of maturity of Latin American companies and what they can do to increase climate ambition. Some companies have already taken on their own decarbonization and emissions reduction targets, while others want to know what these drivers are to begin this transition to a low-carbon economy by 2030.
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