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Leading CMF ESG Reporting & Carbon Tax Compliance Consulting in Chile

Powering Chile’s ESG Leadership & Climate Action in Latin America

Chile has established Latin America’s most advanced ESG framework through mandatory sustainability reporting by the Financial Market Commission (CMF), comprehensive carbon taxation, and rigorous environmental regulations. The country’s commitment to carbon neutrality by 2050 and renewable energy leadership positions Chilean companies at the forefront of South American sustainability transformation.

As a leading ESG and sustainability consultant in Turkey, Clenergize Consultants provides comprehensive advisory services helping Turkish companies meet MRV emissions reporting requirements, prepare for ETS compliance, and navigate TFRS sustainability standards. Our expertise spans ESG strategy, carbon accounting, climate risk assessment, ISSB implementation, and regulatory compliance—ensuring Turkish businesses excel as a bridge between European and emerging markets.

Why ESG Compliance is Business-Critical in Chile

Chile's Framework Law on Climate Change (carbon neutrality by 2050), Enhanced NDC, and Energy Efficiency Law demonstrate the nation's climate ambition. Several regulatory mandates underscore this transformation:

  • CMF Sustainable Finance Disclosure Rules – ESG Reporting for Listed Companies – Chile has implemented one of Latin America's most advanced mandatory ESG reporting frameworks, requiring public companies to disclose sustainability information through Integrated Report (Memoria Integrada) aligned with SASB, TCFD, IFRS/ISSB, GRI, and Chile's NCG 461 regulation (2022-2023). Approximately 180-220 listed companies must comply with climate governance & strategy, Scope 1, 2, and 3 (if material), climate risk analysis (TCFD), social and human capital metrics, supply-chain ESG, governance and ethics disclosures, and annual integrated ESG and financial reports.
  • CMF Climate Risk Management – Financial Institutions – Financial institutions under CMF must implement climate risk assessments, ESG governance practices, and scenario analysis as part of prudential regulation. Approximately 80-120 banks, insurers, pension fund managers (AFPs), and investment funds must comply with climate risk governance, scenario analysis & risk management, ESG integration in lending & investments, disclosure of climate risks and exposures, and sustainable finance policies.
  • Chile Carbon Tax (Green Tax Law – "Impuesto Verde") – A mandatory carbon tax applies to stationary sources emitting CO₂, NOx, SO₂, and particulate matter, primarily targeting boilers and turbines with thermal capacity >50 MWt. Approximately 150-250 energy-intensive companies with large combustion sources in mining, power plants, pulp & paper, industrial manufacturing, and refineries must comply with annual GHG reporting for tax purposes, payment of carbon tax based on CO₂e, air pollutant reporting (NOx, SO₂, PM), monitoring & verification of emissions, and tax mitigation via efficiency measures.
  • Mandatory GHG Emissions Reporting – National GHG Inventory / RETC – Chile requires all large emitters and regulated facilities to submit annual GHG emissions under the Reporting, Register, and Control System (RETC), supporting Chilean Climate Change Framework Law and future ETS implementation. Approximately 350-500 large emitters in mining, power generation, manufacturing, forestry, fishery, transport, cement, metals, and oil & gas must comply with annual Scope 1 GHG emissions reporting, MRV compliance and emissions monitoring plans, reporting of pollutants/waste/energy use (RETC), submission via SINADER/RETC platforms, and third-party verification (encouraged for high emitters).
  • Environmental Impact Assessment (EIA) – SEIA – Chile's Environmental Evaluation System (SEIA) requires EIAs (Estudios de Impacto Ambiental) or DIA (Environmental Impact Declarations) for major projects, representing one of Latin America's most robust EIA regimes. Approximately 300-400 companies in mining, energy, infrastructure, water, real estate, industrial facilities, agriculture, and transport must comply with baseline environmental studies, air/water/soil/biodiversity impact assessments, social/community impact analysis, mitigation/monitoring/environmental management plans, and ongoing compliance with SEA (Environmental Assessment Service).

Given these developments, Chilean companies that fail to adapt risk CMF enforcement actions, carbon tax obligations, RETC penalties, SEIA project delays, and exclusion from sustainable finance and international markets.

Clenergize's ESG Consulting Services in Chile

Clenergize Consultants offers tailored ESG and sustainability advisory services designed for Chile's regulatory environment and position as Latin America's ESG leader. Our Chilean expertise enables clients to achieve CMF compliance, manage carbon tax obligations, excel in RETC reporting, and build sustainable competitive advantages demonstrating regional sustainability leadership.

1. CMF Mandatory ESG & Integrated Reporting

Chile's Financial Market Commission requires comprehensive ESG disclosure for all listed companies. Clenergize's CMF ESG services include:

  • Integrated Report Preparation – Drafting Memoria Integrada combining financial and sustainability disclosures meeting CMF requirements
  • ESG Framework Implementation – Applying SASB, TCFD, GRI, and emerging IFRS/ISSB standards appropriate to Chilean context
  • Climate Governance & Strategy – Establishing board oversight and developing climate strategies aligned with business objectives
  • Climate Risk Analysis (TCFD) – Identifying and assessing physical and transition climate risks following TCFD recommendations
  • Complete GHG Inventory – Measuring Scope 1, 2, and 3 emissions following GHG Protocol standards
  • Social & Human Capital Metrics – Disclosing employee welfare, diversity, health and safety, and human capital development
  • Supply Chain ESG – Assessing and reporting supply chain sustainability practices and risks
  • Governance & Ethics Disclosure – Documenting board composition, ethics programs, anti-corruption measures, and stakeholder engagement
  • Annual Reporting Cycle – Managing continuous ESG data collection and integrated report preparation
  • We serve all companies listed on Bolsa de Comercio de Santiago ensuring comprehensive CMF compliance and investor communication excellence.

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2. CMF Climate Risk Management for Financial Institutions

Chilean financial institutions face specific climate risk requirements. Our financial sector services include:

  • Climate Risk Governance – Establishing board-level oversight and senior management accountability for climate risks
  • Scenario Analysis & Risk Management – Conducting climate scenario analysis and stress testing for physical and transition risks
  • ESG Integration in Lending – Implementing E&S risk assessment in credit allocation and lending decisions
  • ESG Investment Policies – Developing policies governing sustainable investment and ESG considerations
  • Portfolio Climate Exposure – Measuring financed emissions and climate risk across lending and investment portfolios
  • Climate Risk Disclosure – Preparing disclosures on climate risks aligned with CMF prudential requirements
  • Sustainable Finance Policies – Developing green finance, sustainability-linked lending, and ESG product strategies

We serve Chilean banks, insurers, AFPs (pension fund managers), and investment funds implementing CMF climate risk management requirements.

3. Chile Carbon Tax Compliance & Optimization

Chile's Green Tax Law creates mandatory carbon pricing. Clenergize's carbon tax services include:

  • Carbon Tax Calculation – Determining annual carbon tax obligations based on CO₂, NOx, SO₂, and PM emissions
  • Emissions Monitoring – Establishing monitoring systems for combustion sources meeting tax requirements
  • Tax Optimization Strategy – Identifying efficiency measures and emission reductions to minimize tax obligations
  • Air Pollutant Reporting – Measuring and reporting NOx, SO₂, and particulate matter alongside carbon emissions
  • Verification & Documentation – Coordinating emissions verification and maintaining tax compliance records
  • Efficiency Mitigation Credits – Evaluating energy efficiency improvements for potential tax mitigation
  • Future Carbon Policy Planning – Preparing for potential carbon price increases and policy evolution

We serve mining operations, power plants, industrial manufacturers, pulp & paper facilities, and refineries managing Chilean carbon tax obligations.

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4. RETC Emissions Reporting & MRV Compliance

Chile's national emissions registry requires comprehensive reporting. Our RETC services include:

  • Annual GHG Inventory – Conducting Scope 1 emissions inventories for RETC submission
  • RETC Platform Reporting – Preparing and submitting reports through SINADER/RETC systems
  • Pollutant & Waste Reporting – Reporting pollutant releases, waste generation, and energy consumption
  • MRV System Implementation – Developing monitoring plans and verification procedures
  • Third-Party Verification – Coordinating verification processes with approved verifiers
  • Data Quality Management – Ensuring accuracy, completeness, and consistency of reported data
  • Continuous Improvement – Enhancing inventory quality and expanding reporting scope

We serve large emitters across mining, power generation, manufacturing, and industrial sectors meeting RETC obligations.

5. Environmental Impact Assessment & SEIA Compliance

Chile's rigorous environmental approval process requires comprehensive assessment. Our SEIA services include:

  • EIA Study Preparation – Conducting Estudios de Impacto Ambiental for major projects requiring full EIA
  • DIA Preparation – Preparing Declaración de Impacto Ambiental for projects with lower environmental significance
  • Baseline Environmental Studies – Documenting existing conditions across air, water, soil, biodiversity, and socioeconomic factors
  • Impact Assessment – Analyzing potential environmental and social impacts of proposed developments
  • Mitigation & Monitoring Plans – Developing comprehensive environmental management and monitoring programs
  • Stakeholder Engagement – Managing public consultation and community participation processes
  • SEA Approval Coordination – Coordinating submission, responding to SEA comments, and securing environmental approval

We help mining companies, energy projects, infrastructure developers, and industrial facilities navigate Chile's SEIA process for major project approvals.

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6. Renewable Energy & Climate Leadership

While ESG compliance is our primary focus in Chile, Clenergize brings renewable energy expertise supporting decarbonization:

  • Renewable Energy Strategy – Developing corporate renewable procurement in Chile's leading clean energy market
  • Solar & Wind PPAs – Structuring corporate power purchase agreements with renewable projects
  • Distributed Generation – Assessing on-site solar and renewable energy opportunities
  • Renewable Energy Certificates – Sourcing International RECs for Scope 2 market-based accounting

Chile's renewable energy leadership (50%+ renewable generation) provides exceptional opportunities for corporate decarbonization supporting CMF climate disclosures.

Industry Specialization in Chile

Our Chile ESG consulting serves critical sectors:

  • Mining & Metals – Carbon tax, water management, community relations, climate risk
  • Energy & Utilities – RETC reporting, renewable transition, carbon tax, climate strategy
  • Financial Services – CMF climate risk, sustainable finance, ESG integration
  • Pulp & Paper – Carbon tax, environmental management, forest certification
  • Manufacturing & Industrial – Emissions reporting, carbon management, SEIA compliance
  • Real Estate & Infrastructure – Environmental impact assessment, green building, climate resilience

Why Choose Clenergize for Chile ESG Compliance?

Chilean Regulatory Expertise

Deep understanding of CMF, RETC, SEIA, and carbon tax requirements

Latin American ESG Leaders

Helping Chilean companies demonstrate regional sustainability leadership

Integrated Reporting Excellence

Comprehensive experience with CMF Memoria Integrada requirements

Carbon Management Specialists

Expertise in carbon tax optimization and emissions reduction

Environmental Assessment

Proven track record navigating Chile's rigorous SEIA process

Multi-Disciplinary Team

ESG strategists, carbon accountants, environmental consultants, and regulatory specialists

Partner with Clenergize for Chile ESG Leadership

As Chile advances its position as Latin America's ESG leader through CMF requirements, carbon taxation, and environmental regulations, companies need expert partners navigating evolving requirements while demonstrating sustainability excellence across South America.

Contact us to explore how we can help your organization achieve CMF ESG compliance, carbon tax optimization, RETC reporting excellence, and sustainable business leadership across Chile and Latin America.

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Frequently Asked Questions

SB 253, also known as the Climate Corporate Data Accountability Act, requires companies with annual revenues over $1 billion doing business in California to disclose their Scope 1, Scope 2, and Scope 3 greenhouse gas (GHG) emissions. Reporting begins in 2026 for Scope 1 and 2 emissions (covering the 2025 fiscal year) and in 2027 for Scope 3 emissions.

SB 261 requires companies with annual revenues over $500 million operating in California to disclose climate-related financial risks and their mitigation strategies. The disclosures, starting in 2026, must align with the Task Force on Climate-Related Financial Disclosures (TCFD) framework.

Scope 1: Direct emissions from owned or controlled sources (e.g., on-site fuel combustion). Scope 2: Indirect emissions from the purchase of electricity, steam, heat, or cooling.Scope 3: All other indirect emissions in a company’s value chain, including supply chain emissions, transportation, and product lifecycle emissions.

Non-compliance will result in penalties from the California Air Resources Board (CARB). SB 253: Fines up to $500,000 per reporting year. SB 261: Fines up to $50,000 per reporting year. Additionally, companies risk reputational damage and potential loss of investor confidence.

Clenergize Consultants provides:

  • Expertise in measuring and reporting Scope 1, 2, and 3 emissions
  • Guidance on climate risk assessments and mitigation strategies aligned with TCFD.
  • Support with implementing data collection systems and ensuring reporting accuracy.
  • Assistance with third-party verification and assurance for compliance.
  • Tailored solutions to integrate carbon disclosures into broader ESG strategies.
  • Access to our proprietary digital platform Clenergize ESG+ to monitor your carbon footprint and ESG strategy.

For further queries please contact us on info@clenergize.com

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