B3 was the first Exchange in the world to adhere to the Global Compact, in 2004. In this context, it is also a member of the UN Global Compact Brazilian Committee (CBPG) . In 2017 the Exchange has been the vice-president of the Global Compacts Brazilian Committee and in June 2019 became president
Global Compact is a United Nations initiative that aims to mobilize the international business community to adopt, in its business practices, fundamental and internationally accepted values in regard to human rights, labor relations, the environment and corruption prevention.
The Global Compact stipulates that companies report their progress annually as regards the Ten Principles of the Global Compact, through a Communication on Progress (COP) on the Global Compact’s international website.
In 2010, B3 adhered to the Principles for Responsible Investment (PRI). This is a United Nations (UN) initiative aimed at large asset managers and other financial market agents and seeking responsible investment. As a PRI signatory, the Exchange encourages investors and publicly-traded companies to report their socio-environmental initiatives to the market.
Sustainable Stock Exchanges (SSE) is an initiative aimed at stock exchanges, led by PRI, by the United Nations Conference on Trade and Development (UNCTAD), by the United Nations Environment Programme Finance Initiative (UNEP-FI) and by the United Nations Global Compact (UNGC). Through dialog with investors, companies and regulators it proposes responsible and long-term investment, and improving the performance and publication of environmental, social and corporate governance information with listed companies.
SSE was launched during the United Nations Conference on Sustainable Development, Rio+20, on June 18, 2012 in Rio de Janeiro. Its founding signatories are B3, NASDAQ OMX, the Johannesburg Stock Exchange (JSE), the Istanbul Stock Exchange (ISE) and the Egyptian Exchange (EGX). It publishes the Report on Progress every two years about the major global Stock Exchanges’ sustainability initiatives.
B3 has been on the World Federation of Exchanges (WFE) Sustainability Working Group (SWG) ever since it was created in 2014 with the aim of building a consensus on the purpose, practicality and relevance of sustainability criteria on stock exchanges. The group operates through research, the promotion of debates, and recommendations for all participants.
Since 2016, B3 has shared the group’s vice-presidency with the Egyptian Exchange (EGX).
In November 2015, the SWG published a document with recommendations for stock exchanges regarding their listed companies. The document aims to provide a starting point for exchanges that do not have sustainability guides yet. It provides principles, indicators, impacts and management practices and complements the Model Guidance developed by Sustainable Stock Exchanges (SSE).
In 2017, the B3 participated for the first time in the Ring the Bell for Gender Equality event in which 43 stock Exchanges throughout the world symbolically rang the opening bell to draw the attention to the key role that the private sector holds in promoting this agenda. This event has been held annually since 2015 and is directly connected to the Sustainable Development Goals (SDG), specifically SDG number 05: achieving gender equality.
B3 became a signatory to the Women’s Empowerment Principles (WEPs) in 2017, becoming the first stock Exchange in the Americas and the sixth in the world to adhere. This is a joint initiative of UN Women and Global Compact, promoting gender equality in the workplace, in business and in the community.
The Task Force on Climate-Related Financial Disclosures (TCFD) is a business initiative with a focus on the G20 countries. It seeks to establish recommendations for enabling the financial system to request structured information from clients about the climate risk resulting from their activities.
B3 has been involved in the TCFD discussions since the first draft and expressed its support for the TCFD recommendations by signing two documents: