2022 ESG legal and advisory approach in Colombia

B Corporation (also B Lab or B Corp) is a certified global category of companies whose objectives are primarily focused on social, economic, and environmental performance. B Corp certification is granted by B Lab, a global non-profit organization based in the United States, Europe, Canada, Australia, and New Zealand, and a partnership in Latin America with Sistema B. The B Lab certification is a third-party standard that requires companies to meet established standards for social sustainability and environmental performance, as well as social responsibility standards. These are companies that voluntarily propose to combine the advantages of their commercial and economic activity with concrete actions to seek the well-being of their workers, contribute to the social equity of the country and contribute to the protection of the environment.