NEWS
CB launches sustainability agenda and recognises pressure for action
09/08/2020 Since 2 months

On September 8, the Central Bank launched the sustainability dimension in its CB# institutional agenda, seeking to gain prominence in actions related to the issue at a time when Brazil is being questioned by international investors in relation to environmental governance.

The agenda ranges from more immediate actions, such as the incorporation of climate risk scenarios in CB stress tests, to measures that will take time to be effectively implemented, such as regulatory requirements for financial institutions that should be valid from 2022 onwards.

The CB also stipulated the creation of a sustainable liquidity facility for financial institutions and, with regard to international reserves, the inclusion of sustainability criteria for the selection of counterparties in reserve management and investments.

LATEST NEWS
FIRA issues the first gender-equitable bond
FIRA issued the gender bond on the Mexican stock exchange BIVA on October 15th, with a 3 year maturity as part of a larger placement of three bonds worth 10 billion pesos/ $3 billion dollars, to provide exclusive fina...
Since 6 days Read More
Rio de Janeiro becomes first South American financial centre to join FC4S
Representing Brazil’s public and private sector financial services sector actors, today Brazil’s Laboratory of Financial Innovation (LAB) joined the International Network of Financial Centres for Sustainability (FC4S)...
Since 2 weeks Read More
Global standardisation of ESG information to issuers, is key
Investors in Mexico joined to request that environmental, social and corporate governance (ESG) risks be considered among the financial risks, in order to achieve a more efficient investment process to create sustaina...
Since 4 weeks Read More