¿Las empresas en Colombia SILENCIAN SUS compromisos climáticos?

The report analyzes greenhushing in Colombia's financial sector, identifying key barriers to transparency such as fear of scrutiny over imperfect data, the desire to protect competitive 'know-how', and high market expectations for quantitative metrics. While Colombia's progressive regulation (Circular 031 of 2021) and lack of climate litigation have mitigated some pressures, the document argues that a shift toward flexible, standardized reporting and collaborative regulation is necessary to transform climate transparency into a strategic asset.

• Companies in Colombia's financial sector often avoid disclosing climate data that is not perfectly corroborated due to a fear that the market will penalize them for imperfect or evolving results.
• The protection of competitive advantage is a significant driver of greenhushing, as firms view their internal climate risk methodologies and 'know-how' as strategic assets that should not be shared with competitors.
• There is a disconnect between investor expectations and corporate reality, where investors prioritize easily measurable quantitative targets (like emission reductions) while overlooking the strategic management of climate risks.
• Lack of standardization in climate reporting creates uncertainty and increases costs for companies that must comply with multiple different reporting frameworks.
• Colombia's regulatory environment, specifically Circular Externa 031 of 2021, has pushed the financial sector toward greater maturity in climate disclosure compared to other Latin American countries.
• Greenhushing is less prevalent in Colombia than globally because the country has not yet seen climate litigation against financial entities and has a less rooted culture of climate activism.
• Investors may actually find transparency to be a competitive advantage, with some reporting that more complete ESG information can be the deciding factor when choosing between two similar companies.

APA

Dueñas, C., Rojas, M. P. R., & Ospina, A. C. M. (2025). ¿Las empresas en Colombia SILENCIAN SUS compromisos climáticos? Transforma. https://transforma.global/wp-content/uploads/2025/05/250127-Greenhushing.pdf

Chicago

Dueñas, Carolina, María Paula Rubio Rojas, and Ana Carolina Méndez Ospina. ¿Las empresas en Colombia SILENCIAN SUS compromisos climáticos? Transforma, 2025. https://transforma.global/wp-content/uploads/2025/05/250127-Greenhushing.pdf.

Wikipedia

{{cite report |last1=Dueñas |first1=Carolina |last2=Rojas |first2=María Paula Rubio |last3=Ospina |first3=Ana Carolina Méndez |title=¿Las empresas en Colombia SILENCIAN SUS compromisos climáticos? |publisher=Transforma |date=2025 |url=https://transforma.global/wp-content/uploads/2025/05/250127-Greenhushing.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{dueas2025las, author = {Dueñas, Carolina and Rojas, María Paula Rubio and Ospina, Ana Carolina Méndez}, title = {{¿Las empresas en Colombia SILENCIAN SUS compromisos climáticos?}}, institution = {Transforma}, year = {2025}, url = {https://transforma.global/wp-content/uploads/2025/05/250127-Greenhushing.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }