B3 announces results of Report or Explain for Sustainable Development Goals (SDG)
São Paulo, September 26, 2019 – B3 has announced the results of the third year of the Report or Explain for Sustainable Development Goals (SDG) initiative. This joint strategy with the Global Reporting Initiative (GRI) sets down efforts by companies listed at B3 to publish sustainability or integrated reports that incorporate SDGs - 17 global goals defined in 2015 by the United Nations (UN).
The main purpose of the Report or Explain is to foster understanding of the SDGs and their progressive incorporation into the business strategy of listed companies. The initiative is voluntary and open to all 426 publicly-traded companies in 2019. Of these, 127 answered the questionnaire, equivalent to 30% of those listed at B3. Of the responding companies, 24% regularly publish reports taking the SDGs into consideration, while 6% intend to include them, or are studying the possibility of including them in their reports. The electrical energy sector accounts for most of the share, with 33 companies that publish this type of report.
Of the 63 companies listed on Ibovespa, 36 published their reports taking the SDGs into consideration, which accounts for 57% of the total. With regard to the Corporate Sustainability Index (ISE), 96% of companies considered the Sustainable Development Goals in their reports.
The result of this year’s Report or Explain for the SDGs comes as part of the UN Sustainable Stock Exchanges (SSE) 10th Anniversary Week in New York City. The SSE is an initiative of which B3 was a founding signatory in 2012.
To see the full result of Report or Explain for Sustainable Development Goals, please access the database at the B3 portal with links to company reports, the explanations of the companies that have not yet adopted these practices and those that did not reply.
About the Sustainable Development Goals (SDGs)
The 17 Sustainable Development Goals (SDGs) are part of the 2030 Agenda for Sustainable Development, a document published in 2015 by the United Nations (UN). This new agenda defines sustainable global development priorities and aspirations for 2030 and seeks to mobilize efforts around a common set of goals and targets.