Brazil Daily

Brazilian Central Bank launches sustainability agenda

♻️ The Central Bank's push for sustainability. ?️ The plan to hold safe elections amid the pandemic. ? And a hiccup in a front-running vaccine trial.

Today, we cover the Brazilian Central Bank’s push for sustainability. Brazil’s plan to hold safe elections amid the pandemic. And a hiccup in a front-running potential vaccine trial.

Brazil’s Central Bank wants to go green

The Brazilian Central Bank announced on Tuesday a new ambitious sustainability agenda, which will force financial institutions to quantify risks and opportunities associated with climate change. Their reports will have to follow the model set by the Task Force on Climate-Related Financial Disclosures (TCFD), a market-driven initiative set up to develop recommendations for climate-related financial risk disclosures in mainstream filings.

  • The bank also plans...
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