Sustainability Policies and Practices for Corporate Governance in Latin America
Annex C. Survey results
OECD Survey on sustainability practices of listed companies in Latin America
Table C.1. Industry distribution, by market capitalisation
|
Argentina |
Brazil |
Chile |
Colombia |
Mexico |
Peru |
Total |
|
|---|---|---|---|---|---|---|---|
|
Extractives & Minerals Processing |
36% |
49% |
29% |
47% |
13% |
79% |
37% |
|
Financials |
45% |
26% |
41% |
29% |
15% |
17% |
24% |
|
Technology & Communications |
7% |
8% |
1% |
0% |
35% |
0% |
15% |
|
Infrastructure |
4% |
8% |
7% |
19% |
2% |
2% |
7% |
|
Food & Beverage |
6% |
0% |
10% |
5% |
16% |
0% |
6% |
|
Consumer Goods |
0% |
3% |
1% |
0% |
7% |
0% |
4% |
|
Services |
0% |
0% |
1% |
0% |
7% |
0% |
2% |
|
Resource Transformation |
1% |
1% |
0% |
0% |
5% |
3% |
2% |
|
Health Care |
0% |
4% |
0% |
0% |
0% |
0% |
2% |
|
Transportation |
0% |
1% |
10% |
0% |
1% |
0% |
2% |
|
Renewable Resources & Alternative Energy |
0% |
0% |
0% |
0% |
0% |
0% |
0% |
Table C.2. Listed companies’ support for mandatory corporate sustainability disclosure in Latin America
Question: Would you support a regulation obliging all listed companies in your country to disclose an annual sustainability report with ESG information that is financially material for them?
|
Companies in large cap indexes |
||||||
|---|---|---|---|---|---|---|
|
Argentina |
Brazil |
Costa Rica |
Mexico |
Peru |
Total |
|
|
Yes |
75% |
96% |
100% |
88% |
‑ |
92% |
|
No |
25% |
4% |
0% |
13% |
‑ |
8% |
|
Other companies |
||||||
|
Argentina |
Brazil |
Costa Rica |
Mexico |
Peru |
Total |
|
|
Yes |
76% |
80% |
100% |
100% |
100% |
86% |
|
No |
24% |
20% |
0% |
0% |
0% |
14% |
Table C.3. Use of sustainability standards by Latin American listed companies in 2021
Question: Is your company’s annual sustainability report aligned with which ESG reporting frameworks?
|
Companies in large cap indexes |
|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Argentina |
Brazil |
Chile |
Colombia |
Costa Rica |
Mexico |
Peru |
Total |
||||||
|
GRI Standards |
Fully aligned |
75% |
100% |
82% |
100% |
100% |
77% |
67% |
88% |
||||
|
Partially aligned |
25% |
0% |
9% |
0% |
0% |
23% |
17% |
9% |
|||||
|
SASB Standards |
Fully aligned |
13% |
27% |
36% |
40% |
0% |
46% |
0% |
30% |
||||
|
Partially aligned |
38% |
41% |
64% |
33% |
0% |
54% |
33% |
43% |
|||||
|
TCFD’s recommendations |
Fully aligned |
13% |
23% |
0% |
27% |
0% |
23% |
0% |
17% |
||||
|
Partially aligned |
13% |
23% |
64% |
47% |
0% |
46% |
17% |
36% |
|||||
|
Integrated Reporting Framework |
Fully aligned |
63% |
45% |
36% |
40% |
0% |
38% |
0% |
39% |
||||
|
Partially aligned |
0% |
27% |
9% |
13% |
0% |
8% |
33% |
16% |
|||||
|
CDP’s questionnaires |
Fully aligned |
13% |
50% |
0% |
33% |
0% |
38% |
0% |
29% |
||||
|
Partially aligned |
13% |
23% |
27% |
20% |
0% |
31% |
0% |
21% |
|||||
|
Own Framework |
Fully aligned |
13% |
23% |
18% |
13% |
0% |
15% |
33% |
18% |
||||
|
Partially aligned |
13% |
0% |
9% |
7% |
0% |
0% |
0% |
4% |
|||||
|
CDSB Framework |
Fully aligned |
0% |
5% |
0% |
13% |
0% |
8% |
17% |
7% |
||||
|
Partially aligned |
0% |
9% |
9% |
0% |
0% |
15% |
0% |
7% |
|||||
|
Other companies |
|||||||||||||
|
Argentina |
Brazil |
Chile |
Colombia |
Costa Rica |
Mexico |
Peru |
Total |
||||||
|
GRI Standards |
Fully aligned |
56% |
71% |
57% |
62% |
40% |
79% |
56% |
64% |
||||
|
Partially aligned |
22% |
13% |
21% |
22% |
60% |
5% |
11% |
18% |
|||||
|
SASB Standards |
Fully aligned |
11% |
4% |
21% |
5% |
0% |
32% |
22% |
13% |
||||
|
Partially aligned |
11% |
29% |
43% |
8% |
20% |
32% |
11% |
21% |
|||||
|
TCFD’s recommendations |
Fully aligned |
11% |
0% |
0% |
0% |
0% |
16% |
11% |
4% |
||||
|
Partially aligned |
0% |
0% |
14% |
14% |
20% |
32% |
0% |
12% |
|||||
|
Integrated Reporting Framework |
Fully aligned |
0% |
4% |
14% |
5% |
0% |
37% |
0% |
10% |
||||
|
Partially aligned |
0% |
8% |
14% |
11% |
20% |
11% |
0% |
9% |
|||||
|
CDP’s questionnaires |
Fully aligned |
0% |
13% |
0% |
3% |
0% |
21% |
0% |
7% |
||||
|
Partially aligned |
0% |
4% |
0% |
8% |
20% |
21% |
0% |
8% |
|||||
|
Own Framework |
Fully aligned |
0% |
25% |
7% |
24% |
20% |
37% |
0% |
21% |
||||
|
Partially aligned |
0% |
8% |
0% |
0% |
20% |
0% |
0% |
3% |
|||||
|
CDSB Framework |
Fully aligned |
0% |
0% |
0% |
0% |
0% |
0% |
0% |
0% |
||||
|
Partially aligned |
0% |
0% |
0% |
5% |
20% |
26% |
0% |
7% |
|||||
Table C.4. Listed companies' support for the adoption of a sustainability reporting standard in Latin America
Question: Would you support the adoption of an ESG reporting standard for listed companies in your country that either voluntarily or compulsorily disclose an annual sustainability report?
|
Companies in large cap indexes |
||||||
|---|---|---|---|---|---|---|
|
Argentina |
Brazil |
Costa Rica |
Mexico |
Peru |
Total |
|
|
Common international standard |
60% |
78% |
100% |
50% |
‑ |
70% |
|
Common national standard |
0% |
4% |
0% |
13% |
‑ |
5% |
|
Each company should be free to adopt a standard |
40% |
17% |
0% |
38% |
‑ |
24% |
|
Other companies |
||||||
|
Argentina |
Brazil |
Costa Rica |
Mexico |
Peru |
Total |
|
|
Common international standard |
69% |
58% |
50% |
82% |
60% |
64% |
|
Common national standard |
8% |
17% |
50% |
0% |
20% |
14% |
|
Each company should be free to adopt a standard |
23% |
25% |
0% |
18% |
20% |
22% |
Table C.5. Number of Latin American companies whose shareholder meetings voted on sustainability‑related shareholder resolutions in the last 36 months
Question: In the last 36 months, has a shareholder meeting of your company voted an ESG‑related shareholder resolution?
|
Companies in large cap indexes |
|||||||||
|---|---|---|---|---|---|---|---|---|---|
|
Argentina |
Brazil |
Chile |
Colombia |
Costa Rica |
Mexico |
Peru |
Total |
||
|
Human Capital |
2 |
3 |
1 |
5 |
1 |
1 |
1 |
14 |
|
|
Data Security and Customer Privacy |
1 |
1 |
1 |
2 |
1 |
1 |
0 |
7 |
|
|
Climate Change |
1 |
3 |
2 |
3 |
1 |
4 |
1 |
15 |
|
|
Human Rights & Community Relations |
2 |
1 |
2 |
3 |
1 |
1 |
1 |
11 |
|
|
Water & Wastewater Management |
0 |
0 |
1 |
1 |
1 |
1 |
0 |
4 |
|
|
Other ESG issue |
1 |
3 |
3 |
4 |
0 |
0 |
0 |
11 |
|
|
Supply Chain Management |
0 |
0 |
1 |
2 |
1 |
1 |
0 |
5 |
|
|
Biodiversity and Ecological Impacts |
0 |
1 |
0 |
3 |
1 |
0 |
0 |
5 |
|
|
Waste & Hazardous Materials Management |
1 |
0 |
1 |
1 |
1 |
0 |
0 |
4 |
|
|
Air Quality |
0 |
0 |
1 |
1 |
1 |
1 |
0 |
4 |
|
|
Other companies |
|||||||||
|
Argentina |
Brazil |
Chile |
Colombia |
Costa Rica |
Mexico |
Peru |
Total |
||
|
Human Capital |
3 |
3 |
3 |
26 |
1 |
8 |
3 |
47 |
|
|
Data Security and Customer Privacy |
2 |
3 |
3 |
16 |
1 |
6 |
3 |
34 |
|
|
Climate Change |
2 |
2 |
1 |
13 |
0 |
2 |
3 |
23 |
|
|
Human Rights & Community Relations |
2 |
1 |
2 |
14 |
1 |
4 |
2 |
26 |
|
|
Water & Wastewater Management |
4 |
3 |
2 |
10 |
0 |
3 |
3 |
25 |
|
|
Other ESG issue |
3 |
0 |
2 |
8 |
1 |
2 |
1 |
17 |
|
|
Supply Chain Management |
2 |
3 |
1 |
10 |
0 |
3 |
3 |
22 |
|
|
Biodiversity and Ecological Impacts |
2 |
4 |
2 |
8 |
0 |
2 |
3 |
21 |
|
|
Waste & Hazardous Materials Management |
4 |
2 |
3 |
7 |
0 |
2 |
1 |
19 |
|
|
Air Quality |
3 |
1 |
0 |
8 |
0 |
2 |
2 |
16 |
|
Table C.6. Share of companies whose board of directors considered sustainability issues during the last 12 months
Question: During the last 12 months, did the board of directors of your company consider one of the issues listed below?
|
Companies in large cap indexes |
|||||||||
|---|---|---|---|---|---|---|---|---|---|
|
Argentina |
Brazil |
Chile |
Colombia |
Costa Rica |
Mexico |
Peru |
Total |
||
|
Human Capital |
80% |
96% |
85% |
100% |
100% |
100% |
100% |
95% |
|
|
Data Security and Customer Privacy |
86% |
87% |
85% |
92% |
100% |
100% |
100% |
91% |
|
|
Human Rights & Community Relations |
83% |
82% |
69% |
100% |
100% |
64% |
100% |
81% |
|
|
Climate Change |
80% |
80% |
69% |
100% |
100% |
71% |
75% |
80% |
|
|
Supply Chain Management |
25% |
62% |
50% |
73% |
100% |
73% |
100% |
65% |
|
|
Waste & Hazardous Materials Management |
60% |
55% |
62% |
82% |
100% |
57% |
75% |
63% |
|
|
Biodiversity and Ecological Impacts |
75% |
60% |
22% |
73% |
100% |
62% |
50% |
58% |
|
|
Water & Wastewater Management |
50% |
52% |
50% |
64% |
100% |
46% |
75% |
55% |
|
|
Air Quality |
40% |
25% |
25% |
30% |
100% |
43% |
50% |
34% |
|
|
Other ESG issue |
‑ |
90% |
100% |
100% |
100% |
100% |
100% |
96% |
|
|
Other companies |
|||||||||
|
Argentina |
Brazil |
Chile |
Colombia |
Costa Rica |
Mexico |
Peru |
Total |
||
|
Human Capital |
86% |
88% |
89% |
92% |
83% |
79% |
79% |
87% |
|
|
Data Security and Customer Privacy |
63% |
91% |
75% |
84% |
83% |
80% |
71% |
81% |
|
|
Human Rights & Community Relations |
60% |
62% |
80% |
69% |
83% |
74% |
46% |
67% |
|
|
Climate Change |
44% |
49% |
47% |
65% |
60% |
68% |
54% |
56% |
|
|
Supply Chain Management |
58% |
65% |
74% |
72% |
60% |
47% |
57% |
64% |
|
|
Waste & Hazardous Materials Management |
58% |
50% |
53% |
52% |
67% |
42% |
57% |
52% |
|
|
Biodiversity and Ecological Impacts |
41% |
55% |
53% |
40% |
60% |
22% |
46% |
44% |
|
|
Water & Wastewater Management |
59% |
53% |
50% |
52% |
40% |
58% |
57% |
54% |
|
|
Air Quality |
47% |
22% |
22% |
43% |
60% |
17% |
33% |
33% |
|
|
Other ESG issue |
‑ |
50% |
71% |
82% |
50% |
100% |
50% |
68% |
|
Table C.7. Articles of association in Latin American listed companies – the possibility of trade‑offs
Question: Do your articles of association allow a trade‑off between long‑term shareholder value and societal or environmental benefits?
|
Companies in large cap indexes |
||||||||
|---|---|---|---|---|---|---|---|---|
|
Argentina |
Brazil |
Chile |
Colombia |
Costa Rica |
Mexico |
Peru |
Total |
|
|
Yes |
0% |
5% |
10% |
38% |
100% |
20% |
‑ |
13% |
|
No |
100% |
95% |
90% |
63% |
0% |
80% |
‑ |
87% |
|
Other companies |
||||||||
|
Argentina |
Brazil |
Chile |
Colombia |
Costa Rica |
Mexico |
Peru |
Total |
|
|
Yes |
6% |
6% |
7% |
8% |
0% |
11% |
40% |
10% |
|
No |
94% |
94% |
93% |
92% |
100% |
89% |
60% |
90% |
OECD Survey on sustainability practices of asset managers in Latin America
Table C.8. Asset managers’ review of sustainability disclosure in Latin America
Question: Do you review the sustainability or ESG disclosures of your portfolio companies?
|
Large sized asset managers |
||||||||
|---|---|---|---|---|---|---|---|---|
|
Argentina |
Brazil |
Chile |
Colombia |
Costa Rica |
Mexico |
Peru |
Total |
|
|
All companies |
0% |
59% |
38% |
20% |
36% |
25% |
33% |
47% |
|
Only for certain industries |
0% |
29% |
0% |
40% |
9% |
50% |
17% |
26% |
|
Only for the companies that have a higher weight in my portfolio |
0% |
3% |
38% |
20% |
0% |
25% |
17% |
9% |
|
Only for the companies from certain industries that have a higher weight in my portfolio |
0% |
5% |
13% |
10% |
9% |
0% |
17% |
7% |
|
No |
100% |
3% |
13% |
10% |
45% |
0% |
17% |
11% |
|
Medium sized asset managers |
||||||||
|
Argentina |
Brazil |
Chile |
Colombia |
Costa Rica |
Mexico |
Peru |
Total |
|
|
All companies |
17% |
49% |
15% |
24% |
19% |
0% |
40% |
38% |
|
Only for certain industries |
0% |
21% |
8% |
12% |
6% |
33% |
20% |
17% |
|
Only for the companies that have a higher weight in my portfolio |
17% |
8% |
8% |
12% |
13% |
33% |
20% |
10% |
|
Only for the companies from certain industries that have a higher weight in my portfolio |
17% |
16% |
0% |
29% |
19% |
0% |
20% |
17% |
|
No |
50% |
5% |
69% |
24% |
44% |
33% |
0% |
18% |
|
Small sized asset managers |
||||||||
|
Argentina |
Brazil |
Chile |
Colombia |
Costa Rica |
Mexico |
Peru |
Total |
|
|
All companies |
0% |
43% |
0% |
36% |
0% |
0% |
0% |
37% |
|
Only for certain industries |
0% |
25% |
60% |
9% |
23% |
0% |
33% |
24% |
|
Only for the companies that have a higher weight in my portfolio |
33% |
11% |
0% |
9% |
0% |
50% |
0% |
11% |
|
Only for the companies from certain industries that have a higher weight in my portfolio |
50% |
10% |
20% |
18% |
0% |
0% |
0% |
11% |
|
No |
17% |
10% |
20% |
27% |
77% |
50% |
67% |
16% |
Table C.9. Asset managers’ support for mandatory corporate sustainability disclosure in Latin America
Question: Would you support a mandatory regulation requiring all listed companies in the country of your headquarters to disclose an annual sustainability report with ESG information that is financially material for them?
|
Large sized asset managers |
||||||||
|---|---|---|---|---|---|---|---|---|
|
Argentina |
Brazil |
Chile |
Colombia |
Costa Rica |
Mexico |
Peru |
Total |
|
|
Yes |
0% |
88% |
‑ |
100% |
100% |
100% |
100% |
90% |
|
No |
100% |
12% |
‑ |
0% |
0% |
0% |
0% |
10% |
|
Medium sized asset managers |
||||||||
|
Argentina |
Brazil |
Chile |
Colombia |
Costa Rica |
Mexico |
Peru |
Total |
|
|
Yes |
100% |
82% |
86% |
100% |
100% |
100% |
50% |
85% |
|
No |
0% |
18% |
14% |
0% |
0% |
0% |
50% |
15% |
|
Small sized asset managers |
||||||||
|
Argentina |
Brazil |
Chile |
Colombia |
Costa Rica |
Mexico |
Peru |
Total |
|
|
Yes |
83% |
75% |
0% |
86% |
79% |
100% |
‑ |
76% |
|
No |
17% |
25% |
100% |
14% |
21% |
0% |
‑ |
24% |
Table C.10. Preferences of sustainability reporting standards by asset managers in Latin America
Question: What are your first preferred ESG frameworks for companies to best disclose their ESG and sustainability topics?
|
Large sized asset managers |
||||||||
|---|---|---|---|---|---|---|---|---|
|
Argentina |
Brazil |
Chile |
Colombia |
Costa Rica |
Mexico |
Peru |
Total |
|
|
GRI Standards |
0% |
18% |
25% |
30% |
18% |
0% |
17% |
19% |
|
SASB Standards |
0% |
16% |
38% |
20% |
0% |
50% |
17% |
17% |
|
In‑house proprietary framework |
0% |
18% |
13% |
10% |
9% |
0% |
0% |
14% |
|
TCFD’s recommendations |
0% |
9% |
0% |
0% |
18% |
25% |
17% |
9% |
|
Integrated Reporting Framework |
0% |
6% |
0% |
10% |
9% |
0% |
17% |
7% |
|
CDP’s questionnaires |
0% |
5% |
0% |
0% |
0% |
0% |
0% |
3% |
|
Other |
0% |
4% |
0% |
0% |
0% |
0% |
0% |
3% |
|
CDSB Framework |
0% |
1% |
0% |
0% |
0% |
0% |
0% |
1% |
|
National ESG standard |
0% |
0% |
0% |
0% |
0% |
0% |
0% |
0% |
|
No preference |
100% |
22% |
25% |
30% |
45% |
25% |
33% |
27% |
|
Medium sized asset managers |
||||||||
|
Argentina |
Brazil |
Chile |
Colombia |
Costa Rica |
Mexico |
Peru |
Total |
|
|
GRI Standards |
17% |
16% |
8% |
33% |
29% |
0% |
20% |
18% |
|
SASB Standards |
0% |
13% |
0% |
6% |
0% |
0% |
0% |
10% |
|
In‑house proprietary framework |
0% |
19% |
25% |
22% |
18% |
0% |
0% |
19% |
|
TCFD’s recommendations |
0% |
3% |
0% |
6% |
0% |
0% |
60% |
4% |
|
Integrated Reporting Framework |
17% |
7% |
8% |
0% |
0% |
0% |
0% |
6% |
|
CDP’s questionnaires |
0% |
4% |
0% |
0% |
0% |
0% |
0% |
3% |
|
Other |
17% |
4% |
0% |
0% |
12% |
0% |
20% |
5% |
|
CDSB Framework |
0% |
5% |
0% |
0% |
0% |
0% |
0% |
4% |
|
National ESG standard |
0% |
0% |
0% |
6% |
12% |
33% |
0% |
2% |
|
No preference |
50% |
28% |
58% |
28% |
29% |
67% |
0% |
31% |
|
Small sized asset managers |
||||||||
|
Argentina |
Brazil |
Chile |
Colombia |
Costa Rica |
Mexico |
Peru |
Total |
|
|
GRI Standards |
33% |
12% |
17% |
36% |
20% |
0% |
33% |
14% |
|
SASB Standards |
0% |
10% |
50% |
21% |
0% |
0% |
0% |
11% |
|
In‑house proprietary framework |
0% |
17% |
17% |
0% |
13% |
50% |
33% |
16% |
|
TCFD’s recommendations |
0% |
11% |
0% |
14% |
0% |
0% |
0% |
10% |
|
Integrated Reporting Framework |
0% |
9% |
0% |
0% |
13% |
50% |
0% |
9% |
|
CDP’s questionnaires |
0% |
6% |
0% |
0% |
0% |
0% |
0% |
5% |
|
Other |
0% |
3% |
0% |
0% |
0% |
0% |
0% |
3% |
|
CDSB Framework |
0% |
4% |
0% |
0% |
0% |
0% |
0% |
4% |
|
National ESG standard |
0% |
0% |
0% |
0% |
0% |
0% |
0% |
0% |
|
No preference |
67% |
27% |
17% |
29% |
53% |
0% |
33% |
29% |
Table C.11. Asset managers support for the adoption of a sustainability reporting standard in Latin America
Question: Would you support the adoption of an ESG reporting standard for listed companies in the country of your headquarters that either voluntarily or compulsorily disclose an annual sustainability report?
|
Large sized asset managers |
||||||||
|---|---|---|---|---|---|---|---|---|
|
Argentina |
Brazil |
Chile |
Colombia |
Costa Rica |
Mexico |
Peru |
Total |
|
|
Common international standard |
‑ |
71% |
67% |
60% |
56% |
100% |
100% |
70% |
|
Common national standard |
‑ |
9% |
0% |
40% |
33% |
0% |
0% |
13% |
|
Each company should be free to adopt a standard |
‑ |
20% |
33% |
0% |
11% |
0% |
0% |
17% |
|
Medium sized asset managers |
||||||||
|
Argentina |
Brazil |
Chile |
Colombia |
Costa Rica |
Mexico |
Peru |
Total |
|
|
Common international standard |
25% |
60% |
67% |
75% |
73% |
‑ |
50% |
61% |
|
Common national standard |
50% |
19% |
0% |
13% |
27% |
‑ |
50% |
20% |
|
Each company should be free to adopt a standard |
25% |
21% |
33% |
13% |
0% |
‑ |
0% |
19% |
|
Small sized asset managers |
||||||||
|
Argentina |
Brazil |
Chile |
Colombia |
Costa Rica |
Mexico |
Peru |
Total |
|
|
Common international standard |
40% |
58% |
100% |
75% |
30% |
100% |
‑ |
57% |
|
Common national standard |
40% |
16% |
0% |
13% |
40% |
0% |
‑ |
18% |
|
Each company should be free to adopt a standard |
20% |
26% |
0% |
13% |
30% |
0% |
‑ |
25% |
Table C.12. Asset managers investing in Latin America – willingness to trade off financial returns
Question: Would you be willing to accept a lower rate of return as an investor in a company in exchange for societal or environmental benefits?
|
Large sized asset managers |
||||||||
|---|---|---|---|---|---|---|---|---|
|
Argentina |
Brazil |
Chile |
Colombia |
Costa Rica |
Mexico |
Peru |
Total |
|
|
Yes |
‑ |
62% |
57% |
63% |
55% |
0% |
40% |
56% |
|
No |
‑ |
38% |
43% |
38% |
45% |
100% |
60% |
44% |
|
Medium sized asset managers |
||||||||
|
Argentina |
Brazil |
Chile |
Colombia |
Costa Rica |
Mexico |
Peru |
Total |
|
|
Yes |
80% |
55% |
60% |
79% |
88% |
100% |
100% |
66% |
|
No |
20% |
45% |
40% |
21% |
12% |
0% |
0% |
34% |
|
Small sized asset managers |
||||||||
|
Argentina |
Brazil |
Chile |
Colombia |
Costa Rica |
Mexico |
Peru |
Total |
|
|
Yes |
60% |
55% |
50% |
55% |
60% |
100% |
100% |
56% |
|
No |
40% |
45% |
50% |
45% |
40% |
0% |
0% |
44% |
Table C.13. Sustainability risks and opportunities affect your decision when
Question: Do ESG risks and opportunities affect your decisions when…:
|
Large sized asset managers |
|||||||||
|---|---|---|---|---|---|---|---|---|---|
|
Argentina |
Brazil |
Chile |
Colombia |
Costa Rica |
Mexico |
Peru |
Total |
||
|
Voting in a shareholders meeting |
Yes |
50% |
93% |
100% |
89% |
70% |
75% |
80% |
89% |
|
No |
50% |
7% |
0% |
11% |
30% |
25% |
20% |
11% |
|
|
In direct dialogue with directors and officers of listed companies |
Yes |
0% |
82% |
75% |
67% |
56% |
33% |
25% |
72% |
|
No |
100% |
18% |
25% |
33% |
44% |
67% |
75% |
28% |
|
|
Making investment decisions |
Yes |
0% |
79% |
67% |
50% |
40% |
50% |
50% |
67% |
|
No |
100% |
21% |
33% |
50% |
60% |
50% |
50% |
33% |
|
|
Medium sized asset managers |
|||||||||
|
Argentina |
Brazil |
Chile |
Colombia |
Costa Rica |
Mexico |
Peru |
Total |
||
|
Voting in a shareholders meeting |
Yes |
83% |
93% |
86% |
56% |
73% |
50% |
100% |
86% |
|
No |
17% |
7% |
14% |
44% |
27% |
50% |
0% |
14% |
|
|
In direct dialogue with directors and officers of listed companies |
Yes |
75% |
66% |
38% |
47% |
43% |
50% |
50% |
60% |
|
No |
25% |
34% |
63% |
53% |
57% |
50% |
50% |
40% |
|
|
Making investment decisions |
Yes |
33% |
67% |
38% |
50% |
29% |
0% |
100% |
59% |
|
No |
67% |
33% |
63% |
50% |
71% |
100% |
0% |
41% |
|
|
Small sized asset managers |
|||||||||
|
Argentina |
Brazil |
Chile |
Colombia |
Costa Rica |
Mexico |
Peru |
Total |
||
|
Voting in a shareholders meeting |
Yes |
83% |
87% |
60% |
73% |
67% |
0% |
75% |
84% |
|
No |
17% |
13% |
40% |
27% |
33% |
100% |
25% |
16% |
|
|
In direct dialogue with directors and officers of listed companies |
Yes |
40% |
70% |
80% |
64% |
30% |
50% |
75% |
67% |
|
No |
60% |
30% |
20% |
36% |
70% |
50% |
25% |
33% |
|
|
Making investment decisions |
Yes |
33% |
64% |
60% |
33% |
22% |
0% |
75% |
60% |
|
No |
67% |
36% |
40% |
67% |
78% |
100% |
25% |
40% |
|
Table C.14. Asset managers’ willingness to file a sustainability‑related shareholder resolution in Latin America
Question: Would you consider filing or co‑filing an ESG‑related shareholder resolution in the Latin American countries where your firm invests?
|
Large sized asset managers |
||||||||
|---|---|---|---|---|---|---|---|---|
|
Argentina |
Brazil |
Chile |
Colombia |
Costa Rica |
Mexico |
Peru |
Total |
|
|
Yes |
‑ |
80% |
100% |
70% |
86% |
67% |
100% |
81% |
|
No |
‑ |
20% |
0% |
30% |
14% |
33% |
0% |
19% |
|
Medium sized asset managers |
||||||||
|
Argentina |
Brazil |
Chile |
Colombia |
Costa Rica |
Mexico |
Peru |
Total |
|
|
Yes |
50% |
72% |
56% |
86% |
73% |
100% |
75% |
73% |
|
No |
50% |
28% |
44% |
14% |
27% |
0% |
25% |
27% |
|
Small sized asset managers |
||||||||
|
Argentina |
Brazil |
Chile |
Colombia |
Costa Rica |
Mexico |
Peru |
Total |
|
|
Yes |
60% |
70% |
100% |
50% |
78% |
100% |
100% |
70% |
|
No |
40% |
30% |
0% |
50% |
22% |
0% |
0% |
30% |