Brazil to make ISSB-aligned climate disclosures mandatory from 2026
This is the country’s latest move to improve the sustainability performance of its companies, after the creation of a cap-and-trade system.
Brazil’s Ministry of Finance and its capital market regulator, the Comissão de Valores Mobiliários (CMV) today adopted the ISSB Sustainability Disclosure Standards, paving the way for mandatory application from January 2026.
Listed Brazilian companies will be able to report on their climate risk on a voluntary basis from 2024, but the disclosures will be made mandatory from 2026, according to the International Financial Reporting Standards (IFRS), which is behind the ISSB standards.
