Environmental, social and governance (ESG) issues have been an important commercial differentiator in the Brazilian financial and investment community for nearly a decade. The commitment, depth and sophistication of this market — now the world's 10th largest economy — may be unique among the world's emerging economies. As a signal of significant progress, Brazil's pioneering business models have received international attention and have been emulated in other markets.
Today Brazil's sustainable investment market faces fresh obstacles, especially taking into account the country's environmental and social issues and the scale of domestic and foreign investment. Against this background, this report, the first in a series of IFC Sustainable Investment Country Reports, aims to measure the current state and discuss the future of Brazil's sustainable investment market, and stimulate discussion.