Ecopetrol's ESG Evaluation score of 58 reflects that compared to sector peers, Ecopetrol has a good management of its environmental and social risks in a highly exposed industry. In
With the culmination of the purchase of a controlling 51.4% stake in Interconexión Eléctrica ("ISA"), the quarterly figures include the consolidated results of this subsidiary for one month.
Khiron says the report adheres to global reporting initiative (GRI) standards and reflects the alignment of Khiron's goals with the United Nations Sustainable Development Goals.
“We hope this initiative serves to inspire to develop and look forward to showcasing the great projects companies are advancing with their communities,” said Paul Harris, Colombia Gold Symposium President.
The sovereign downgrade reflects the deterioration of the public finances with large fiscal deficits in 2020-2022, a rising government debt level, and reduced confidence around the capacity of the government to credibly place debt on a downward path in the coming years.
Colombia's gross general government debt to GDP ratio is forecast to reach 60.8% in 2021, more than double the 30% level when Fitch upgraded Colombia back to the 'BBB' category in 2011.
The negative outlook reflects downside risks to the economic growth outlook and uncertainties about the capacity of the government's policy response to decisively cut deficits and stabilize and eventually lower debt in the coming years, following the sharp rise in general...