According to Guilherme Teixeira, from Sitawi, the major milestone in regulatory evolution in Brazil was in 2014, with Resolution No. 4,327, by the Central Bank of Brazil. This is due to the fact that this resolution is the first that ?brought the socio-environmental issue in a transversal manner linked to risk management in financial institutions?. Still according to Guilherme, ?some first steps have been taken, some important steps, but there are still other issues to address?.
This concern with regulation is part of a process that is expanding rapidly in Brazil. ?More and more large institutional investors, foundations, billionaires, sovereign wealth funds demand products and solutions that are socially and environmentally responsible?, explained Cláudio Maes, from the CVM.
Check out the latest episode of the Finances for Good web series and learn more about this evolution!
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About the webseries
With interviews recorded at the 2nd Finance for Good Seminar: the State of the Art, the web series consists of four chapters that address the themes: Blended Finance, Investment in the Amazon, Portfolio Decarbonization and Regulatory Evolution. Each week a new episode is released.