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B3 (1)

Brazil Expired 2012

The exchange renames its “Report or Explain” initiative to be aligned to the international trend of integrating financial and non-financial information in annual corporate reports: “Report or Explain for Sustainability or Integrated Reports”.

Issuer name

BM&FBOVESPA

More information

In 2012, The São Paulo stock exchange recommended that listed companies provide information on whether they public a regular sustainability report, or explain why if they do not. In its mission to inspire best practice in transparency and managements, BM&F BOVESPA believes that the implementation of the report-or-explain model will encourage listed companies to report on environmental, social and governance issues, which will improve sustainability actions and create greater transparency for investors.

Reporting resources

True

Comply or explain

True

Organizations covered by the instrument

Large private and listed companies

Industry scope

All/none specified

Disclosure venue

Annual Report

Status

Expired

Country

Brazil

Region

South America

Date of publication

2012

Issuer type

Financial Market Regulators

Reporting requirements

Codes, guidance, and questionnaires

Mandatory or voluntary

Mandatory

The geographical scope

National/federal

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