¿What means be a BIC Company?

The BIC Companies (Benefit and Collective Interest) , are colombian companies configured as commercial entities that voluntarily aim to combine the benefits of their commercial and economic activities with specific to promote the well-being of their employees, contribute with social quality in the country and protect the environment.

¿What Means Becoming a BIC Company

When a company decides to become a Benefit and Collective Interest Company (BIC), it either creates or redefines its business model with a triple purpose: to generate economic, social, and environmental value .

The BIC Companies pursue three fundamental purposes:

1. Incorporating Social and Environmental Purpose: Beyond maximizing shareholders’ economic interests, they embrace a social and environmental purpose.
2. Ensuring Purpose Fulfillment: Their directors and managers work to maximize social and environmental benefits.
3. They ensure Transparency in Reporting their Business Impact Across five Dimensions: Business Model, Corporate Governance, Labor Practices, Environmental practices y Community Engagement.

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