Scope of ESG-criteria
There are no innovation policies particularly applicable to State-Owned Enterprises.
Each State-Owned Enterprises determines its welfare promotion policies autonomously, just as private companies do.
Law N° 21,356, which establishes gender representation on the boards of directors of SOEs and state-owned companies whose members are appointed by the SEP's Board of Directors, provides that persons of the same gender may not exceed 60% of the total number of board members.
State-Owned Enterprises are subject to the same sustainability requirements as private companies, including the duty to include in their report’s information related to ESG criteria within the terms and conditions set forth in General Rule No. 461 of the Financial Market Commission.