Triple Impact Companies: Why They Are Key to Colombia’s Business Future

The concept of triple impact is no longer just a trend—it has become a new way of doing business. In Colombia, this approach is gaining increasing importance, particularly as social, environmental, and good governance demands become more prominent in both the regulatory and corporate landscape.

At Trébol Jurídico, we explain what triple impact companies are, why they are strategic for the country, and how they are transforming traditional business models.

What Is a Triple Impact Company?

A triple impact company is one that goes beyond profit generation and aims to balance three key dimensions:

• Economic Impact: They generate sustainable income, pay taxes, create jobs, and contribute to the country’s business development.
• Social Impact: They promote community well-being, respect human rights, foster inclusion, and support local development.
• Environmental Impact: They adopt sustainable practices, efficiently manage waste and emissions, and strive to regenerate ecosystems where they operate.

In short, these are businesses that generate economic value without sacrificing social well-being or environmental balance.

Why Is This Relevant for Colombia?

Colombia faces structural challenges including poverty, unemployment, inequality, and environmental degradation. In response, the triple impact model offers a powerful alternative to promote fairer, more equitable, and sustainable development.

There are specific reasons why these types of companies are strategic for the country:

• Alignment with the Sustainable Development Goals (SDGs): Colombia has made international commitments and needs the private sector as a key ally to achieve them.
• Trust and Business Reputation: Increasingly, consumers and clients choose companies that reflect ethical values, transparency, and social commitment.
• Access to Funding and Responsible Investment: Investment funds, development banks, and multilateral agencies prioritize projects with positive environmental and social impact.
• Emerging Legal and Tax Incentives: Some laws already consider benefits for companies that demonstrate social, environmental, and good corporate governance responsibility.

What Legal Norms or Advances Support This Approach?

Although Colombia does not yet have a specific law that regulates triple impact companies as a legal category (as is the case with BIC companies in some countries), various regulations and public policies support this model:

• Law 1901 of 2018: Created Benefit and Collective Interest Companies (Sociedades BIC), a major step toward integrating social and environmental responsibility into the legal structure of businesses.
• Corporate Governance Code: Promoted by the Superintendence of Companies, it encourages transparency and sustainability as pillars of governance.
• Sustainable Public Procurement Policies: The Colombian government incentivizes contracting companies with responsible practices.
• Compliance Systems (SAGRILAFT, PTEE): Though born as legal obligations, these strengthen business ethics and indirectly contribute to positive social impact.

The Role of Trébol Jurídico as a Triple Impact-Oriented Company

At Trébol Jurídico, we naturally align with the principles of triple impact by incorporating practices that reflect our commitment to responsible management in all areas:

• Ethical and humane approach to debt recovery, prioritizing amicable solutions and respectful treatment for all parties involved.
• Commitment to corporate legal education, by consistently publishing free, updated content that strengthens the culture of preventive law in the private sector.
• Responsible use of digital tools, significantly reducing paper consumption, streamlining processes, and enhancing information security.

Moreover, our commitment to personal data protection, cybersecurity, and regulatory compliance allows us to offer transparency, trust, and efficiency to our clients and the broader business community.

At Trébol Jurídico, we don’t just collect debt; we transform the perception of collections through more conscious, lawful, and sustainable practices.

Conclusion

Triple impact companies are not a passing trend; they are the new standard for responsible and sustainable business. In Colombia, their growth represents an opportunity to drive development with ethics, sustainability, and social commitment.

At Trébol Jurídico, we embrace this vision and are committed to practices that generate economic, social, and environmental value. We believe business should be a tool to improve society, not just a means for financial gain.