“B3 Announces Results of Report or Explain for Sustainable Development Goals (SDG)” – B3 – October 24, 2018

On October 24, 2018 the Brazilian exchange B3 (formerly BM&FBOVESPA) announced the results of Report or Explain for the UN Sustainable Development Goals (SDGs).

According to a press release, “(t)he initiative is voluntary and was open to all 437 publicly-traded companies in 2018. Of these companies, 169 answered the questionnaire, equivalent to 39% of those listed on B3. Of the responding companies, 26% publish reports taking the SDGs into consideration, include them, intend to include them, or are studying the possibility of including them in their reports.

Of the 62 companies listed on Ibovespa, 41 published their reports taking the SDGs into consideration. Of  this number, 31  responses were gathered by self-reporting and ten through active search. With regard to the ISE, 100% of companies included the Sustainable Development Goals in their reports. Of the 30 companies in the portfolio, 27 answered the survey and three were identified through active search.

The purpose of the initiative is to foster understanding of the SDGs and to progressively incorporate them into the corporate strategies of listed companies. Furthermore, through the Ibovespa breakdown, B3 has come to understand better how companies that are market leaders in Brazil are working with the sustainability agenda.”

You may read the press release on the B3 internet site.