Environment

Brazil’s ESG commitments: ask corporations, not the government

On the whole, major Brazilian companies seem to be on board with a more sustainable approach to business. Customer engagement and social norms are also pushing the ESG agenda

esg climate commitments corporations
Photo: Mee Ko Dong/Shutterstock

Under President Jair Bolsonaro, Brazil has become something of an environmental bogeyman, and countries have become understandably skeptical about the government’s true commitment to its climate goals. The current administration has made significant pledges during COP26, undermined by the fact that it covered up new, record-setting deforestation numbers during the UN climate summit — only releasing the data after it was over.

But looking at corporate Brazil, the scenario seems much less bleak than an uninformed observer would imagine.

On the whole, major Brazilian companies seem to be on board with a more sustainable approach to business. Customer engagement and social...

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