B3 as an organization that is at the center of the capital market, as a Stock Exchange, has the role of promoting the best sustainability practices among its stakeholders and offering ESG (Environmental, Social and Governance) products and services to support its customers in this transition.
Our strategic ambition is to connect sustainability with the business, leveraging B3's strategic objectives, and promoting a resilient business environment aligned with the best ESG practices.
In its governance structure, the company has a:
- Sustainability Committee: chaired by the CEO, composed of Vice-Presidents and an external member, responsible for strategic orientation
- Sustainability Department: responsible for managing the theme on a daily basis.
In addition, B3 has a Social-Environmental Responsibility Policy approved by the Board of Directors in 2013, which is aligned with its strategic principles and aims to formalize and orient guidelines for action on the theme. The Policy is reviewed from time to time to identify if any update is necessary, usually in an annual basis.
B3 believes in the value of partnerships and, for this reason, is member of many initiatives and commitments with ESG focus:
B3 was the first stock exchange in the world to be a signatory to the Global Compact, in 2004. In this context, it is also a member of the Brazilian Committee of the Global Compact. Since 2017, B3 is a member of the Global Compact Brazil Network Board.
A very important UN-sponsored initiative to which B3 belongs as a founding signatory is the Sustainable Stock Exchanges (SSE), which promotes the adoption of a sustainability agenda by exchanges and listed companies worldwide. B3 is also member of the Sustainability Working Group (SWG) at the World Federation of Exchanges, WFE. The SWG aims to address evolving concerns specific to ESG topics. The group attempts, through a research-driven dialogue, to build consensus agreement among its members on sensitive issues, and subsequently present those findings to the WFE. Furthermore, B3 is a member as well of the Advisory Boards of CDP Latin America.
In March 2017 B3 became a signatory to the Women’s Empowerment Principles (WEPs), becoming the first stock Exchange in the Americas and the sixth in the world to adhere. It is a joint initiative of UN Women and Global Compact, promoting gender equality in the workplace, in business and in the community.
B3 is also the Initiative of Capital Markets from the Ministry of Economy of Brazil and the Intrasectoral Sustainability and Environment Commission of FEBRABAN (The Brazilian Federation of Banks)
In addition, B3 also actively participates in the Working Groups on Financial Instruments and Impact Investments, Fintech, Green Finance and ESG Risk Management and Transparency of the Financial Innovation Laboratory (LAB) of the Securities and Exchange Commission of Brazil (CVM) .In 2019, these groups discussed topics such as venture philanthropy, SDGs, green bonds, social impact, socio-environmental and climatic risks and the importance of disclosing ESG information for decision-making investment processes.
B3 also supports the Task Force on Climate-related Financial Disclosures (TCFD) by signing the CEO and CFO letter.
To fulfill its commitment to the smooth and safe operation of the market, B3 pledges to maintain secure and efficient systems, offer innovative products and services that add customer value, encourage the adoption of sustainable practices by listed companies, and develop educational programs to popularize its products and services.
To minimize the environmental impacts associated with its activities, B3 pledges to adopt eco-efficiency programs in its facilities, optimize water, energy and paper use, and properly manage solid waste, including electronic waste, and greenhouse gas emissions. Furthermore, the Company pledges to promote good environmental practices across its value chain and among other stakeholders, while leveraging Brazilian market growth by offering products and services with an environmental focus.
As a socially responsible company that respects its internal and external relationships, B3 pledges to attract and retain talented people, encourage the pursuit of improvements to the quality of life, and develop its employees. The Company is also committed to fostering good social practices across its value chain and among other stakeholders, to promoting private social investment, and to encouraging volunteerism.
Given its commitment to best corporate governance practices and its strong belief that this is a way of creating shareholder value, B3 is duty-bound to promote, induce and assure good transparency and accountability practices, guarantee efficient risk management, promote the adoption of codes of conduct, and assure the protection of shareholder rights.
In order to educate and engage with issuers and the investment community B3 provides different initiatives such as sustainability guides and workshops.