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    Sustainable Investments: A Brief Overview Of Esg Funds In Brasil
    Sustainable Investments: A Brief Overview Of Esg Funds In Brasil
    Sustainable Investments: A Brief Overview Of Esg Funds In Brasil
    Ebook73 pages1 hour

    Sustainable Investments: A Brief Overview Of Esg Funds In Brasil

    By Joaquim Carlos Lourenço

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    About this ebook

    Sustainable investments in English are characterized by their acronym - ESG (Environmental, Social & Governance). Despite its recent rise, the growth and popularity of this type of investment tends to gain more space on the agenda of major international and national players that operate in the capital markets in Brazil. Still in this decade it is likely that many companies will adopt the concepts of environmental, social, labor, and financial policies that underpin the ESG methodology. Most large companies around the world already have actions in this direction, or are in the discussion, modeling and/or implementation phase. Companies in more developed countries, such as the United States and the European Union, are more advanced in the adoption and adaptation of their structures. Brazil already has legislation in place that provides guidance on ESG issues for companies and capital markets. However, it is worth remembering that there is still a long way to go to make ESG investments habitual in the country. But the recent launching of two large funds may stimulate the national market. This book was developed in order to verify, present, and discuss the landscape of sustainable investments in Brazil based on funds that adopt ESG standards. To this end, a bibliographical and documentary research was conducted on the available literature to clarify concepts related to this theme and arrive at the expected results. As shown and discussed in the results achieved, sustainable investment funds are still in a development phase in Brazil, especially those that have the ESG standards. Nevertheless, the prospects are very good for this sector, since the concern is growing every day, not only with environmental issues, but with all the aspects of society that companies impact.
    LanguageEnglish
    PublisherClube de Autores
    Release dateJul 1, 2022
    Sustainable Investments: A Brief Overview Of Esg Funds In Brasil

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      Book preview

      Sustainable Investments - Joaquim Carlos Lourenço

      = 1 =

      Background

      Environmental sustainability is based on the application of appropriate environmental, institutional, financial/economic, and social tools and concepts is necessary to ensure a certain balance in the exploitation of a productive or financial economic activity.

      According to Cunha and Samanez (2013) sustainability is increasingly evident in the capital markets and has entailed a number of impacts, especially on the financial investment activities of the world's stock exchanges, banks and other institutions that operate in the capital market.

      Sustainability can be defined, according to Morelli (2011), as a condition of balance, resilience, and interconnectedness that allows human society to meet its needs while not exceeding the ability of supporting ecosystems to continue to regenerate the services needed to meet those needs, nor by our diminishing actions of biological diversity.

      Since the 1970s the term has been gaining relevance in the public institutional context and in private companies, and the tendency is for it to gain more and more prominence, since many of the natural resources are finite and non-renewable, that is, they cannot be reproduced and will run out. Therefore, it is important to use natural resources responsibly.

      The concept of sustainability appeared in the early 1970s, specifically in a quote in 1972, at the first United Nations Conference on the Human Environment, which took place in Stockholm - Sweden, as well as in the 1987 Brundtland Report, from the Conference held in the same city.

      In the 1990s, at the Rio-92 or Earth Summit, participating countries recognized the concept of sustainability, as well as its importance for sustainable development, and began to shape actions aimed at protecting the environment. Corroborating, Vasconcelos et al. (2019, p. 90) agree that the topic of sustainability has been increasingly discussed by the various sectors of society.

      For Xavier (2014, p. 35) with the consolidation of the sustainability concept, environmental criteria began to be considered in the product design and production processes. It is increasingly evident, according to Jacobi and Besen (2011, p. 136), that the adoption of sustainable production and consumption patterns can significantly reduce negative impacts on the environment and health.

      The search for sustainability, recall Corrêa and Xavier (2013), can occur through prevention, mitigation of impacts (economic, social and environmental) or the practice of compensation measures. The authors suggest that the mitigation of environmental impacts is one of the main aspects to be managed in the search for a better sustainability practice.

      Just as it has been disseminated in the production and consumption sectors, sustainability has also gained notoriety in the financial sector, as Ulrich (2016, p. 3) points out, the movement for sustainable investment began to gain ground in the late 1990s with the emergence of the financial index called: Socially Responsible Investment [SRI], which defined a series of criteria (negative or positive) to be applied to securities traded on the stock exchange.

      Corroborating, Cunha and Samanez (2013) and Ulrich (2016), recall that the most important consequence of the inclusion of sustainability in capital markets was the emergence of a new investment modality - Sustainable Investing (SI): which fundamentally aims to consider environmental, social and corporate governance (ESG) factors in traditional investment activities.

      What this means in practice is that to be considered Sustainable Investment, the recipients or takers of financial resources must meet the standards defined in the ESG

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