BM&FBOVESPA – Fifty more companies publish sustainability reports, or explain why not – December 17, 2012

In October 2012, 253 companies listed on BM&FBOVESPA (57.95%) adhered to the exchange’s ESG Report or Explain recommendation, compared with 203 companies (45.31%) in May 2012.

According to the press release distributed by BM&FBOVESPA on December 17, 2012 “Report or Explain is a recommendation that BM&FBOVESPA launched this year at Rio +20 with the objective of easing the access of all stakeholders’ – especially investors and analysts – to information regarding companies’ business and sustainability practices, providing transparency to the market. The Exchange’s initiative encourages companies to register in their reference forms that they will publish sustainability reports.”

To read the press release, please click here.