The United Nations organized the Latin America and the Caribbean Climate Week 2022 (LACCW 2022) from July 18th to 22nd in Santo Domingo, Dominican Republic, as a platform for governments, cities, private sector leaders, financial institutions and civil society to identify opportunities to enhance climate action. This yearly event brings together key stakeholders to take the pulse of climate action in the region, showcase best practices, and explore challenges and opportunities.

During this week, the Institute of the Americas (IOA) had the honor of organizing and moderating a side-event panel discussion entitled “Decarbonization across supply chains. The role of regulations on climate risk disclosures,” based on a technical briefing the Institute published earlier this year.

As the world transitions to a low carbon economy, stakeholders and investors are turning to greener portfolios, and private sector pledges to decarbonize are flooding the news headlines every morning—led by communities’ demand for stronger climate action but also by actual and potential related regulations and policies. In a growing number of developed countries, climate related financial disclosures are becoming mandatory.

Here, a key question is how such climate-related disclosure regulations will affect businesses across Latin America and the Caribbean (LAC)?