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Draft Resolution on Socio-environmental Responsibility Policy

Brazil Current 2012

In addition to regulating internal procedures for environmental impact assessment and management, the norm stipulates that financial institutions disclose their Socio-environmental Responsibility Policy (PRSA).

Issuer name

Central Bank of Brazil

More information

Issued by the Central Bank of Brazil in hearing no. 041/12 (2012). The norm applies initially to multi-purpose banks, commercial banks, development banks and agencies, investment banks, savings banks and the state-owned Brazilian Economic and Social Development Bank (BNDES), and later for other financial institutions regulated by the Central Bank of Brazil. Moreover, the resolution announced in this same hearing establishes a mandatory reporting framework related to organizations’ Socio-environmental Responsibility Policy (PRSA), as well as independent verification of such a report. Further regulatory developments shall detail reporting and disclosure procedures.

Organizations covered by the instrument

All Companies

Industry scope

Financial Services

Disclosure venue

Sustainability report

ESG coverage - E (Environment)

Climate & GHG emissions

ESG coverage- S (Social)

Product & Services Responsibility

ESG coverage- G (Governance)

Effectiveness

Status

Current

Country

Brazil

Region

South America

Date of publication

2012

Issuer type

Financial Market Regulators

Reporting requirements

Public law and regulation

Mandatory or voluntary

Mandatory

The geographical scope

National/federal

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