The study released in April this year addresses the green finance market in Brazil
The Brazilian Business Council for Sustainable Development (CEBDS) is featured in the publication Green Finance in Brazil, from the Secretariat of Economic Policy (SPE). The study recognizes CEBDS's work in preparing the business sector for green finance. The pioneer Guide for Issuing Green Bonds in Brazil, developed by the Brazilian Council and Federation of Banks (Febraban), is also highlighted in the publication by the secretariat linked to the Ministry of Economy.
The study brings together the The main initiatives undertaken in Brazil regarding the green finance market. According to Élida Francioni, coordinator of the SPE, the Secretariat has been monitoring the growing interest of market agents, companies, and investors, both Brazilian and international, in this topic. "The use of environmental, social, and governance (ESG) criteria in the investment evaluation process will be increasingly present in the decision-making process and in the execution of institutions' business plans," stated the coordinator.
CEBDS President Marina Grossi emphasizes the importance of SPEs considering green finance and environmental criteria in their businesses. "CEBDS has been pioneering the topic of Green Bonds in Brazil since 2016, and having the government now implement this topic for companies through decisions is encouraging," says Grossi.
The SPE of the Ministry of Economy prepares changes in Decree No. 8,874/2016, which regulates Article 2 of Law No. 12,431/2011, aims to boost private financing for infrastructure projects with positive environmental and social impacts. The goal is to attract new investors to infrastructure financing and develop the green bond market.
