On December 7, 2020, the Brazilian Securities and Exchange
Commission (
CVM) launched a consultation on
proposed amendments to Normative Ruling 480/2009 aimed at, inter
alia, increasing transparency by improving the quality of
information disclosed by publicly-held companies on ESG
aspects.
Following the global trend of enhancing and simplifying
disclosures-similar to what the US Securities Exchange Commission
(
SEC) has recently done with Regulation
S-K-CVM s main goal is to reduce compliance costs while also
responding to investors increasing demand for better ESG data. In this
Blog Post, we highlight the main ESG-related amendments proposed by
CVM in this new consultation paper.
Even though many companies follow international standards to