The Reality of Sustainable Contracting: Legal and Commercial Implications in Colombia

Corporate attorney Daniel Fajardo wrote an article for Lexir highlighting the significant shift of traditional contracting in Colombia toward sustainability. He showcases an instance where a construction company, following criticism for environmental damage, incorporated green clauses into its contracts, establishing a path to sustainability. Mr. Fajardo points out that these clauses range from the use of sustainable materials to environmental policies in selection and merger processes, redefining contractual compliance and providing a critical competitive edge. To conclude the article, Mr. Fajardo details the positive impacts of adopting these sustainable practices, such as an elevated corporate reputation focused on environmental responsibility.

READ: The Reality of Sustainable Contracting: Legal and Commercial Implications in Colombia