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Brazil adopts international ESG standards (2023)
| Environmental, social, and corporate governance |
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| • What is ESG? • Enacted ESG legislation • Arguments for and against ESG • Opposition to ESG • Federal ESG rules • ESG legislation tracker • Economy and Society: Ballotpedia's weekly ESG newsletter |
Brazil last week became the first country in the world to fully adopt the International Sustainability Standards Board’s global standards for sustainability disclosure:
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Brazil will incorporate ISSB sustainability disclosure standards into its regulatory framework, according to an Oct. 20 announcement by the International Financial Reporting Standards Foundation. The organization's International Sustainability Standards Board unveiled two global sustainability disclosure standards on June 26 that let investors see how companies manage climate risks and opportunities and other sustainability issues, with information tied to corporate financial statements. … The Brazilian Ministry of Finance and the Comissão de Valores Mobiliários said in the announcement that the ISSB standards will be voluntary beginning in 2024 but will shift to mandatory use on Jan. 1, 2026, as part of mandatory IFRS accounting standards. Latin American jurisdictions including Chile and Columbia have been at the forefront of mandating sustainability-related financial disclosures, according to IFRS.[1] |
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See also
- Environmental, social, and corporate governance (ESG)
- Economy and Society: Ballotpedia's ESG newsletter
External links
Footnotes
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
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