Sustainability | B3

UN Global Compact

B3 was the first exchange in the world to join the UN Global Compact, in 2005. In this context, it is also a member of the Advisory Board of Rede Brasil (CORB). Since 2017, B3 has been a member of the Board of Directors of Rede Brasil do Pacto Global.

The Global Compact is an initiative created by the United Nations (UN) with the objective of mobilizing the international business community to adopt, in their business strategies and operations, its 10 universal principles in the areas of Human Rights, Labor, Environment. and Anti-corruption and to develop actions that contribute to facing these challenges.

In accordance with Global Compact policy, companies must report their progress against the 10 Global Compact Principles annually through the COP (Communication on Progress) on the Global Compact's international website.

B3’s COPs

Principles for Responsible Investment (PRI)

In 2010, B3 adhered to the Principles for Responsible Investment (PRI) Principles for Responsible Investment (PRI). This is a UN initiative, aimed at large asset managers and other financial market agents, in favor of responsible investment. As a signatory to the PRI in the “Service Provider” category, B3 seeks to encourage investors and listed companies to report their socio-environmental initiatives to the market.

Sustainable Stock Exchanges (SSE)

Sustainable Stock Exchanges (SSE) is an initiative for stock exchanges led by the PRI, the United Nations Conference on Trade and Development (UNCTAD), the United Nations Environment Program Finance Initiative (UNEP-FI) and the Global Compact (UNGC), which proposes, through dialogue with investors, companies and regulators, to promote long-term responsible investment and work for the performance and disclosure of environmental, social and corporate governance information with listed companies.

SSE was launched during the United Nations Conference on Sustainable Development – Rio + 20 – in 2012, in Rio de Janeiro, with B3, NASDAQ OMX, Johannesburg Stock Exchange (JSE), Istanbul Stock Exchange (ISE) and the Egyptian Exchange (EGX) as founding signatories. Every two years, it publishes a progress report, the Report on Progress, on sustainability initiatives on major stock exchanges around the world.

Sustainability Working Group – World Federation of Exchanges (SWG – WFE)

Since its creation, in 2014, B3 has been a member of the Sustainability Working Group (SWG) of the World Federation of Exchanges (WFE), which aims to build a consensus on the purpose, practicality and relevance of sustainability criteria on stock exchanges. The group works through research, promotion of debates and recommendations to all participants.

The `WFE Sustainability PrinciplesWFE Sustainability Principles’ represents the evolution of WFE members’ engagement with sustainability and constitutes a formal statement by the WFE and its members to assume a role in advancing the sustainable finance agenda. It defines the basic sustainability principles that WFE members should promote.

Ring the Bell for Gender Equality

Since 2017, B3 has participated in the Ring the Bell for Gender Equality, an occasion when stock exchanges around the world symbolically ring the bell with the aim of drawing attention to the central role that the private sector can play in promoting this agenda. This event has been held annually since 2015.

UN Women's Empowerment Principles (WEPs)

B3 became a signatory, in 2017, of the Women’s Empowerment Principles (WEPs), being the first signatory exchange in the Americas and the sixth in the world to join. This is a joint initiative of UN Women and the Global Compact, which helps the private sector to promote gender equality in the workplace, in the market and in the community.

Pact for the Promotion of Racial Equity

In 2021, B3 became an institutional supporter of the Pact for the Promotion of Racial Equity, which proposes to implement a Racial Protocol for the country, in order to bring the racial issue to the center of the Brazilian economic debate and attract the attention of companies and civil society. The objective is to compose an indicator of racial representation in Brazilian companies, which provides a benchmark and guidance for companies to evolve.

TCFD

The Task Force on Climate-related Financial Disclosures (TCFD) is a business initiative created by the Financial Stability Board (FSB), with a focus on the G20 countries.

The objective is to establish recommendations so that the financial system can request structured information from its clients on climate risks arising from their activities.

B3 was present in the TCFD discussions since the first draft and expressed its support for the TCFD recommendations by signing two documents:

Institutional representations and commitments

  • Member of the Working Group on Sustainable Finance of the Federación Iberoamericana de Bolsas (FIAB);
  • Member of the Intrasectoral Commission for Sustainability and Environment of FEBRABAN – Brazilian Federation of Banks;
  • Member of the Advisory Board of CDP Latin America;
  • Member of the ESG Risk Management and Transparency, Green Finance, Fintech and Financial Instruments and Impact Investments Working Groups of the Financial Innovation Laboratory (LAB) of the CVM;
  • Member of the Capital Markets Initiative (IMK) of the Ministry of Economy.