A financial system that incorporates the sustainability lenses on the investment decisions can reduce stability risks thru the analysis of environmental and social factors, promoting new businesses opportunities in line with a resilient, efficient and fair consumption of resources.
Brazil is at a central position on the sustainable finance agenda because of its economic relevance, natural capital, legislation, the private sector’s commitments on sustainability, as well as the E&S challenges and investment gaps. Local and international experiences indicate that the progress on this agenda requires an appropriate regulatory environment, which facilitates and expands the incorporation of sustainability.
Based on this, SITAWI and the Frankfurt School analyzed the current stage of the main regulations related to sustainable finance in Brazil, identifying opportunities for improvement based on ongoing initiatives and new ones to be started. The result was a roadmap for national regulations improvement, aiming to promote sustainable finance.
The initiative was led by the Finanças Brasileiras Sustentáveis (FiBRas), a partnership between the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) and the Brazilian Ministry of Economy, endorsed by the Laboratório de Inovação Financeira (LAB).
Several organizations on the sustainable finance ecosystem contributed to this document through interviews and suggestions. As a result, nine concrete actions were proposed as part of a strategy to improve the regulation in different segments of the financial and productive sectors.
SITAWI Finance for Good
SITAWI Finance for Good is pioneer in the development of financial solutions to achieve targeted environmental and social impact in corporates and financial institutions. SITAWI´s Social Finance and Sustainable Finance programs contribute to the corporate´s mission of mobilizing more capital, promoting its better allocation, in order to transform more lives into that process. Founded in 2008, SITAWI is headquartered in Rio de Janeiro, with offices in São Paulo and Bogotá. Learn more: www.sitawi.net