About the study
In collaboration with Fundes, a leading organization dedicated to fostering sustainable development and business growth in Latin America, we conducted an in-depth study to evaluate the fulfillment of TCFD (Task Force on Climate-related Financial Disclosures) and TNFD (Taskforce on Nature-related Financial Disclosures) requirements.
By analyzing the annual and sustainability reports of 50 companies across the region, we assessed their alignment with the four key pillars: governance, strategy, risk management, and metrics & targets.
Workshop in October in San José, Costa Rica, at Fundes HQ
Barbara Dubach was in San José (Costa Rica) at Fundes HQ, where she was able to present the initial results in a workshop (photo). In addition, an extended webinar was held in December with over 35 participants from various companies.
The results highlight an evolving landscape:
- 20 companies referenced the TCFD framework, while only 5 acknowledged TNFD.
- Climate change emerged as the dominant material topic, identified by 40 companies, while biodiversity was highlighted by only 18 companies, reflecting differing sustainability priorities across the region.
- Implementation varied significantly, with just 6 companies achieving over 75% alignment with either framework.
We hope these insights contribute to advancing the ongoing conversation around sustainability practices in Latin America. For a summary of the results, you can access the webinar presentation (in Spanish). The full report will be published in January 2025.
