MIAMI--(BUSINESS WIRE)--The Inter-American Development Bank (IDB) and the Inter-American Investment Corporation (IIC) this week launched the Corporate Sustainability Index (IndexAmericas), designed to help gauge these efforts in Latin America and the Caribbean, with FIU’s College of Business serving as IndexAmerica’s academic partner.
IndexAmericas measures companies acting in Latin America and the Caribbean based on their performance in environmental, social and governance dimensions, as well as on a development component added by the IDB-IIC. S-Network Global Indexes and Thomson Reuters are in charge of data collection and analysis.
“We wholly support IndexAmericas because it aligns with the College of Business’ mission and vision,” said Jose Aldrich, acting dean of FIU’s College of Business. “We are proud to have been invited by the IDB-IIC to be part of this project.”
College of Business faculty, and its Capital Markets Lab, will put together regional workshops and forums designed to help companies improve their corporate sustainability performance based on the index.
The ability to advance sustainable development is an integral part of many businesses’ corporate missions, as well as addressing the social, environment, and financial impacts of their enterprises. IndexAmericas seeks to show businesses they have a responsibility to actively guide the development of markets in Latin America and the Caribbean.
“It is the first initiative of its kind led by the largest multilateral agency for economic and social development in Latin America and the Caribbean.”
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