On 29 October 2024, the Regional Partnership for the promotion of sustainability reporting in Latin America held its final meeting for the year.
Participants reviewed developments on implementation of global sustainability reporting and related assurance requirements, as well as country-specific experiences in the region.
During the meeting Ms. Flávia Fernandez, Colegio de Contadores, Administradores y Economistas del Uruguay, was elected as the Partnership’s Chair for 2025.
Third 2024 meeting of the Latin America Regional Partnership, 29 October 2024. Left to right: Arturo Rodriguez, IFRS Foundation; Felipe Bastos, Federal Accounting Council (CFC), Brazil; Vania Borgerth, Chair of the Partnership/Brazilian Committee for Sustainability Pronouncements (CBPS); Flavia Fernandez, Chair Elect of the Partnership; Zulmir Breda, Latin America Regional Partnership/CBPS; Eduardo Flores, CBPS; Haroldo Levy, CBPS.
The Regional Partnership consists of 37 members from 16 countries. Mexico is one of the two beneficiary countries of a pilot technical cooperation project funded by the German Government that UNCTAD has been implementing since 2023.
As part of this project, in May 2024, the Financial and Sustainability Reporting Standards Board (CINIF) of Mexico published a simplified sustainability reporting standard for non-listed companies and SMEs. The standard is based on the Guidance on Core Indicators for Sustainability and [Sustainable Development Goals] Impact Reporting published by ISAR.
It is also consistent with IFRS S1 and IFRS S2 published by the International Sustainability Standards Board.
