The Latin American Climate Assets Disclosure Initiative (LACADI) made key progress in the development of the LACADI DivulgAcción program , designed to strengthen the climate management capabilities of financial institutions in the region. At the end of October 2025, the Understanding Phase, which focused on gaining an in-depth understanding of the business, operations and environmental and climate management mechanisms of Sura Investments and Findeter, financial sector entities in Colombia, was successfully completed.
During this first stage, the implementation team reviewed financial statements, sustainability reports, internal manuals and corporate policies, and held technical meetings with various areas of both organizations. This work allowed for a gap analysis on the level of progress against the IFRS S2 standard, generating customized recommendations that guide each entity towards better governance practices, risk analysis and strategic integration of climate issues. In addition, progress was made in defining the portfolios and portfolios that will be part of the climate risk analysis in the next phase of the program.
Following this closure, the DivulgAcción program is progressing simultaneously on two fronts: the Identify Phase and the Integrate Phase. In the first, focused on strengthening risk management capacities, a climate risk identification workshop was held with Findeter and training in climate scenario analysis was provided to both companies. LACADI is currently developing risk assessment exercises using climate scenarios, which will allow organizations to identify vulnerabilities and opportunities and have solid inputs to improve their next climate disclosures.
The Integrar Phase, focused on corporate governance, included the participation of Findeter board members in the Climate Conscious Leadership workshop, aimed at positioning climate change as a strategic issue for governing bodies. Likewise, teams from both entities participated in training on climate governance and are making progress in the review of their corporate governance structures, guided by a methodological tool developed by LACADI. At the end of both phases, the results of the program are expected to be presented to the boards of directors and their committees, promoting a strategic reflection on the role of corporate governance in the consolidation of a climate management culture. In doing so, the program seeks to strengthen institutional resilience, improve the quality of climate disclosure and contribute to the alignment of the financial sector with the region’s climate challenges.
LACADI Facility sessions with Findeter teams. LACADI / Transforms