At the Rio + 20 United Nations Conference on Sustainable Development, BM&FBOVESPA will present data related to sustainability reports or similar published by Brazilian publicly traded companies. The initiative is named “Report or Explain” and seeks to encourage listed companies to report to all stakeholders (especially investors and analysts) information and results related to social, environmental and corporate governance aspects.
The companies had until the end of May to inform in item 7.8 of the Reference Form (“Description of the company’s relevant long-term relationships not elsewhere described”) whether they published a sustainability report or included socio-environmental information in their annual report, indicating where these data are available. If they do not they have to explain why.
The mapped-out results of “Report or Explain” will be presented to the public from 11:00 a.m. on Saturday, June 16, during the “A Green Economy through Sustainability Reporting: On Report or Explain and G4” event organized by the Global Reporting Initiative (GRI), during the Corporate Sustainability Forum at the Hotel Windsor Barra. The Exchange’s Sustainability Director Sonia Favaretto will take part.
June 18, from 9:00 a.m. to 3:30 p.m.
Sustainable Stock Exchanges (SSE) Global Dialog
From 11:00 a.m. of Monday (June 18), BM&FBOVESPA CEO Edemir Pinto will take part in the Sustainable Stock Exchanges (SSE) Global Dialog at the Hotel Windsor Barra. There will also be showed of the “Sustainable Stock Exchanges – Progress Report” developed by Responsible Research, with the support of Principles for Responsible Investment (PRI), the United Nations Conference on Trade and Development (UNCTAD) and the United Nations Global Compact, with the sponsorship of Aviva Investors. This is a report into the breadth and depth of the sustainability initiatives of 30 major global stock exchanges and sets out the exchanges’ sustainability advances since 2010 - the year in which the first report was published.
BM&FBOVESPA: a global reference in sustainability
The Sustainable Stock Exchanges – Progress Report available at http://tiny.cc/SSE_Report_2012 mentions that BM&FBOVESPA and South Africa’s Johannesburg Stock Exchange are current sustainability reference points:
• Page 12: “There are examples of exchanges clearly “monetising the value” of action on sustainability. Brazil’s BM&FBOVESPA and South Africa’s Johannesburg Stock Exchange are both renowned globally for their forward-thinking moves on sustainability, and in both cases there has been a clear business case for the action taken.”
• Page 37: “The exchange entities in the SSE Survey were asked to identify an exchange they considered to be a leader on issuer sustainability initiatives. Although only 12 exchange entities responded to this question, it is noteworthy that the JSE and BM&FBOVESPA were by far the most commonly named.”
Corporate Sustainability Forum and letter of commitment
BM&FBOVESPA is a member of Brazil’s Corporate Sustainability Committee and will be present during the four days of the Forum, from June 15 to 18 at the Hotel Windsor Barra. The Exchange is also a signatory of the letter of commitment for corporate contribution towards promoting an inclusive green economy. This is a Committee initiative scheduled to be delivered to the Government during Rio+20.
June 15, 19 and 20
Events at the BM&FBOVESPA Convention Center
Venture Forum Brazil Sustainable and Green Rio
During Rio+20, BM&FBOVESPA will host two events at the Rio de Janeiro Conference Center.
“Venture Forum Brazil Sustainable” will be held on June 15 in partnership with the Brazilian Innovation Agency (FINEP) of the Science and Technology Ministry (MCT), with the Trade and Industry Ministry (MDIC), the Brazilian Agency for Industrial Development (ABDI), the Brazilian Trade and Investment Promotion Agency (APEX) and the Brazilian Private Equity & Venture Capital Association (ABVCAP). The purpose of this meeting is to present potential investors to companies that innovate in green technology and sustainability.
“Green Rio” will be held on June 19 and 20, seeking to stimulate discussion about green economy initiatives such as sustainability indices and green investors. At the event’s opening BM&FBOVESPA will speak about sustainability indices. The event’s organizers are SEBRAE-RJ, Bolsa Brasileira de Mercadorias, BM&FBOVESPA and the German Agency for International Cooperation GIZ.
BM&FBOVESPA's participation on the panels
During the Global Sustainability Forum at the Hotel Windsor Barra, BM&FBOVESPA will be one of the debaters on the following panels:
June 17, at 2:00 p.m.: “Standards driving sustainability through Financial Markets” – organized by the International Finance Corporation (IFC).
June 17, at 4:00 p.m.: “1992 to 2012: 20 Years of Mainstreaming Sustainability in the Financial Sector” - organized by the United Nations Environment Programme Finance Initiative (UNEP FI).
June 21, from 2:00 p.m. to 5:00 p.m.: In partnership with GRI and IBGC, BM&FBOVESPA will hold “Sustainability Reporting and Corporate Accountability: 20 years of debate on the role of private sector in sustainable development. Is a report or explain approach to sustainability reporting the way forward?” in the HSBC Arena.
Mulheres pela Rio + 20 (Women for Rio + 20)
The Exchange will also take part in the “Mulheres pela Rio + 20” initiative led by the Environment Ministry. This is one of three pillars in an initiative seeking to analyze and develop the role of women on the boards of public and private sector companies.
Actions such as Report or Explain and the Brazilian Exchange’s other contributions at Rio+20 are part of a permanent BM&FBOVESPA agenda to promote sustainable corporate practices and encourage information transparency. They consider the smooth running of the capital markets to be linked to transparency and access to information by shareholders, investors, analysts and the market as a whole.