This report provides an overview of sustainable finance policies, practices and regulations in the Latin American and Caribbean region and identifies opportunities for financial institutions, parties to voluntary initiatives and regulators to embed the OECD Guidelines for Multinational Enterprises (OECD Guidelines) and supporting due diligence guidance frameworks. The OECD is uniquely positioned to analyse the progress of institutional investors and corporate lenders in embedding key environmental, social and governance (ESG) risks including climate risk and responsibilities to mitigate adverse impacts on people, the environment and society. This report draws on the framework developed to drive responsible business conduct (RBC) in the corporate lending sector and in institutional investment, to take stock of current practices along with challenges and opportunities to further embed RBC in the Latin American and Caribbean region. The countries covered in this report are Argentina, Brazil, Chile, Colombia, Costa Rica, Ecuador, Mexico, Panama and Peru. The report will be complemented by country spotlight reports Responsible Business Conduct in the Financial Sector in Panama and Responsible Business Conduct in the Financial Sector in Costa Rica.
