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 2016, as part of the UN Global Compact’s campaign “Making Global Goals Local Business”, the Local SDG Pioneers program recognized people who demonstrate how to turn Sustainable Development Goals into business, thus engendering economic, social and environmental benefits. More than 600 nominations were received from 100 countries over February-April 2016.
In this context, the Media Relations, Sustainability, Communications and Social Investment Managing Director of B3, Sonia Favaretto, was announced as one of ten 2016 Local SDG Pioneers”, during the UN Global Compact Leaders Summit 2016, in New York. The managing director was recognized for her efforts in regard to Sustainable Development Goal (SDG) number 8, concerning Decent Work and Economic Growth. Two key accomplishments in this field were the Socio-Environmental Investment Exchange (BVSA) and Corporate Sustainability Index (ISE), which are national and international reference points that positively impact society and companies by promoting best practices and social inclusion and by including sustainability in the corporate mainstream.
The 17 Sustainable Development Goals (SDG) of the 2030 Agenda – adopted by world leaders in September 2015 in a historic UN Summit – came into force in January 2016. Throughout the next 15 years, with the new universal goals, countries will mobilize their efforts to end all forms of poverty, to fight inequality and to combat climate change.
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 and is part of the PRI SDG Advisory Committee.
Launched in 2006 in New York and then in 2007 in Brazil at an event hosted at B3, PRI encompasses six social, environmental and governance global practices that institutional investors must take into consideration when composing their investment portfolios. In this way the PRI signatories directly influence the behavior of these companies, contributing towards a stable, sustainable and inclusive economy.
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.
B3 has answered CDP’s annual Climate Change questionnaire since 2009, seeking to evolve as regards transparency and to develop an internal process to identify the climate change risks and opportunities for the company’s business.
In 2016, CDP recognized the Exchange as one of the 16 Brazilian companies with the best responsible governance practices regarding climate change.
CDP is an international non-profit organization that provides a global system to measure, publish and share information of an environmental nature, using the major market forces to motivate companies and cities to disclose their impact on the environment and on natural resources and to publish strategies regarding these matters.
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.
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.
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.
Tool proposed by SSE to communicate to stakeholders about sustainability initiatives at B3.
Guide created by SSE to help Stock Exchanges to communicate with their listed companies on sustainability issues. B3 was part of the Advisory Group during the guides creation process with other exchanges around the world.
B3 was invited by SSE to be one of the 14 cases of the report, lauched in March 2017.
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).