Los SARAS y la Naturaleza

The document provides a methodology for Colombian financial institutions to align their Environmental and Social Risk Management Systems (SARAS) with Circular Externa 015 of 2025. It proposes using the Taskforce on Nature-related Financial Disclosures (TNFD) framework, the LEAP approach (Locate, Evaluate, Assess, Prepare), and the ENCORE tool to identify, measure, control, and monitor nature-related risks and opportunities across their portfolios.

• Circular Externa 015 of 2025, issued by the SFC, requires financial entities to integrate environmental and social (A&S) risk analysis into strategic planning and decision-making to ensure financial sustainability and business model resilience.
• The SFC adopts a nature-based perspective for environmental risk, which encompasses climate as part of nature and includes risks such as soil degradation, deforestation, water scarcity, biodiversity loss, and social factors like human rights.
• The Circular Externa 015 mandates a four-stage management process for A&S risks: identifying risk factors and sensitive territories, measuring the total value of exposed assets, adopting control measures based on proportionality, and conducting annual monitoring.
• The TNFD framework and its LEAP approach (Locate, Evaluate, Assess, Prepare) are presented as practical tools that align with the four management stages of Circular Externa 015, helping institutions manage nature-related dependencies, impacts, risks, and opportunities (DIROs).
• The ENCORE tool is recommended as a starting point in the 'Locate' phase of the LEAP approach to map sectoral dependencies and impacts on natural capital (soil, water, biodiversity, atmosphere) without requiring the entity's own data.
• The document outlines specific applications for ENCORE within the SARAS process, including using it as an initial filter for materiality, defining client interface criteria for risk categories, and complementing reports for senior management and the board of directors.

APA

Transforma (2025). Los SARAS y la Naturaleza. https://transforma.global/wp-content/uploads/2026/06/260604-Cartilla-SARA.pdf

Chicago

Transforma. Los SARAS y la Naturaleza. 2025. https://transforma.global/wp-content/uploads/2026/06/260604-Cartilla-SARA.pdf.

Wikipedia

{{cite report |author=Transforma |title=Los SARAS y la Naturaleza |date=2025 |url=https://transforma.global/wp-content/uploads/2026/06/260604-Cartilla-SARA.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{transforma2025los, author = {{Transforma}}, title = {{Los SARAS y la Naturaleza}}, institution = {Transforma}, year = {2025}, url = {https://transforma.global/wp-content/uploads/2026/06/260604-Cartilla-SARA.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }