In brief
On 3 October 2025, the Financial Superintendence of Colombia issued External Circular 015 of 2025 (“Circular”), setting forth new instructions for the management of environmental and social risks, including climate-related risks, for all supervised entities. This responds to the growing importance of these risks for the resilience and sustainability of Colombia’s financial system.
Key takeaways
- Scope: The Circular requires supervised entities to implement mechanisms, tools, and procedures to identify, measure, control, and monitor environmental and social risks, including climate risks, across all operations.
- Regulatory integration: Chapter XXXIII is added to the Basic Accounting and Financial Circular (CBCF), integrating these risk management requirements into the existing regulatory framework.
- Internal control updates: Policies and processes for risk management in the Basic Legal Circular are updated.
- Deadlines: Entities have up to 18 months to implement the provisions and must submit an implementation plan within the first six months.
- Early adoption: Early implementation is allowed, with public recognition for entities that do so.
- Entry into force: The Circular is effective upon publication.
Additional information
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