Companies are strengthening compliance management in response to an increasingly demanding regulatory environment

The growing number of regulatory requirements is prompting many Chilean companies to review how they manage compliance with their environmental obligations. The challenge is no longer limited to identifying the regulations that apply to their operations. Companies must also assign responsibilities, track compliance activities, and maintain sufficient evidence to respond effectively to audits and inspections conducted by different public authorities.

“Today, it is no longer enough to simply know that a new regulation has been issued. Companies need to understand what obligations it creates, who is responsible for managing them, and how they will ultimately demonstrate compliance. The challenge lies in translating regulatory requirements into concrete, traceable actions across the organization,” says Gonzalo Asencio, General Manager of SIGEA Software.

To support this process, SIGEA developed a Legal Update Service that monitors Chile’s Official Gazette, regulatory authority websites, and regulations undergoing public consultation. This service is complemented by a Legal Obligations Matrix, which enables companies to translate the requirements contained in each regulatory instrument into actionable checklists, assign responsible parties, define deadlines and supporting evidence, and configure alerts and validation workflows.

Traceability has also become a key component of the compliance process. By centralizing legal obligations, supporting documentation, and compliance records, companies can monitor the status of each requirement and generate reliable information for internal audits, sustainability reporting, or regulatory inspections.“There is a significant difference between stating that an obligation has been fulfilled and being able to demonstrate who managed it, when it was completed, and what evidence supports that compliance. This information also enables organizations to manage risks more effectively,” Asencio adds.

SIGEA’s approach is designed to integrate regulatory changes, their translation into specific obligations, and the subsequent monitoring of compliance within a single platform.