Unlocking the potential of Green Enterprises in Peru

The document examines the Collective Benefit Enterprise (BIC) initiative in Peru, noting that while the law was passed in February 2021, progress has been stalled by a 2022 political crisis and systemic barriers. Research by the Libélula Institute for Global Change reveals minimal awareness of the BIC status among consumers and organisations, with only 45 certified entities currently existing. Key obstacles include cumbersome legal processes, a lack of clear government guidance, the high cost of compliance for small enterprises, and inconsistent requirements for annual impact reports. The report argues that the Ministry of Production's ID Produce department must lead the initiative's reactivation, supported by the 'Tu Empresa' service and a network of private sector, academic, and financial partners to expand the green enterprise community.

• The Collective Benefit Enterprise (BIC) law, passed in February 2021 to certify green organisations and increase consumer awareness, has seen very slow progress due to the 2022 Peruvian political crisis.
• There is a significant lack of awareness regarding the BIC initiative among potential organisations and consumers, resulting in only 45 certified organisations, most of which are universities or entities that proactively sought the status.
• Several systemic barriers hinder the adoption of BIC status, including a lack of clear government guidance, the high cost of legal compliance for small enterprises, and the absence of a consistent format or regulation for mandatory annual impact reports.
• The 'Tu Empresa' government service, intended to advise MSE entrepreneurs, is currently ineffective in promoting the BIC initiative because its staff possess limited knowledge of the programme.
• Successful revitalisation of the BIC initiative requires leadership from the Innovation, Technology, Digitalization, and Formalisation Department (ID Produce) within the Ministry of Production, supported by academia, NGOs, and financial institutions like rural banks.

APA

Brown, A. (2025). Unlocking the potential of Green Enterprises in Peru. Green Economy Coalition. https://www.greeneconomycoalition.org/news-and-resources/unlocking-the-potential-of-green-enterprises-in-peru

Chicago

Brown, Alasdair. Unlocking the potential of Green Enterprises in Peru. Green Economy Coalition, 2025. https://www.greeneconomycoalition.org/news-and-resources/unlocking-the-potential-of-green-enterprises-in-peru.

Wikipedia

{{cite report |last1=Brown |first1=Alasdair |title=Unlocking the potential of Green Enterprises in Peru |publisher=Green Economy Coalition |date=7 February 2025 |url=https://www.greeneconomycoalition.org/news-and-resources/unlocking-the-potential-of-green-enterprises-in-peru |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{brown2025unlocking, author = {Brown, Alasdair}, title = {{Unlocking the potential of Green Enterprises in Peru}}, institution = {Green Economy Coalition}, year = {2025}, month = feb, url = {https://www.greeneconomycoalition.org/news-and-resources/unlocking-the-potential-of-green-enterprises-in-peru}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }