Central Bank of Brazil

Brazil’s Central Bank Continues To Advance On Its ESG Agenda

By Luiz Gustavo Bezerra, Daniella Raigorodsky Monteiro, Priscilla Santos & Meg Ferreira on April 30, 2021

Posted in Disclosures, Environmental, Regulation, Social, The Americas

On April 26, 2021, the Central Bank of Brazil (BCB) launched a new public consultation (No. 86/2021, the “Consultation”) on a proposed regulation for mandatory disclosure of social, environmental, and climate risks by financial institutions.

Climate-related risks must be disclosed in accordance with the TCFD Recommendations (“Recommendations”), including both…