Our Standards
We want to support the social changes the country has undergone, as well as the treaties we have signed. As far as sustainability issues, the project design takes into account Climate Change and the Escazú Agreement, which seeks, among other things, to guarantee the right of all people to have access to information in a timely and suitable manner.
We are also guided by the International Finance Corporation’s Performance Standards on Social and Environmental Sustainability, the Inter-American Development Bank’s Guidelines, and the Ministry of Energy’s Orientation Guide for Electricity Transmission Lines Studies, among others.
International Finance Corporation (IFC)
The Performance Standards on Environmental and Social Sustainability are an international reference issued by the International Finance Corporation (IFC) and are required by the IFC in its direct investments and for financing through financial intermediaries. This allows the detection and management of environmental and social risks throughout the investment cycle, which have been adopted by many organizations as a key component of their management.
Escazú Agreement
This is an international treaty to which Chile adheres, and which aims to guarantee the full and effective implementation in Latin America and the Caribbean of the rights of access to environmental information, public participation in environmental decision-making processes, and access to justice in environmental matters, as well as the creation and strengthening of capacities and cooperation, contributing to the protection of the right of each person, of present and future generations, to live in a healthy environment and to sustainable development.
Convention 169
The Convention is based on respect for the cultures and ways of life of indigenous peoples and recognizes their rights to lands and natural resources, as well as their right to decide their priorities in the development process. The objective of the Convention is to overcome discriminatory practices affecting these people and to enable them to participate in decision-making that affects their lives.
Framework Law
on Climate Change
It seeks to establish a legal framework and assign specific public and private responsibilities for climate change mitigation and adaptation in the context of Chile’s 2050 carbon neutrality goal.
Equator
Principles
They are intended to serve as a common baseline and risk management framework for financial institutions to identify, assess and manage environmental and social risks when financing Projects throughout their life cycle.