This paper empirically examines the relationship between FDI and CO2 emissions via a Vector Autoregressive Analysis (VAR) model for the 1970-2005 period in Colombia. This paper first presents the concept of Corporate Social Responsibility and defines Latin America's socio-political since the 1980s, explaining the FDI's rise in South America and how this led to the consolidation of networks Social Responsibility Networks (SRN). This paper demonstrated that there is a causal relationship in the Granger sense of the impact of FDI on the CO2 emissions in Colombia. This paper provides insights for the region which could be explored in future comparative research amongst South American countries.