Brazil’s booming potential for sustainable finance

While Brazil still has a long way to go when it comes to ESG, experts say the country could become a global leader in the sustainable finance market

petrobras esg principles sustainable finance
Photo: Stokkete/Shutterstock

With each passing year, ESG principles become more and more important for companies, financial institutions, and even governments. The acronym is in vogue — denoting Environmental, Social, and Governance practices — and is accompanied by the concept of “sustainable finance,” which claims to be a greener, more environmentally conscious form of capitalism. Brazil is still lagging behind the rest of the world when it comes to ESG, but has made massive steps in recent years.

As Laura Albuquerque, head of sustainable finance at Brazilian consultancy WayCarbon, explains, the idea behind this green capitalism is “finding projects that bring about...

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