According to Guilherme Teixeira, from Sitawi, the great milestone of the regulatory evolution in Brazil was in 2014, with Resolution No. 4,327, of 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 way linked to risk management in financial institutions”. Also 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 growing widely in Brazil. “Increasingly, large institutional investors, foundations, billionaires, sovereign funds demand products and solutions that are socio-environmentally responsible”, explained Cláudio Maes, from CVM.
Check out the latest episode of the Finanças do Bem webseries and understand more about this evolution!
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About the webseries
With interviews recorded at the 2nd Seminar Finance for Good: the State of the Art, the webseries is composed of four chapters that address the themes: Blended Finance, Investment in the Amazon, Portfolio Decarbonization and Regulatory Evolution. A new episode is released every week.