Sustainability Reporting in capital markets: A Black Box?
Einde inhoudsopgave
Sustainability Reporting in capital markets: A Black Box? (ZIFO nr. 30) 2019/3.1.3.2:3.1.3.2 Assurance
Sustainability Reporting in capital markets: A Black Box? (ZIFO nr. 30) 2019/3.1.3.2
3.1.3.2 Assurance
Documentgegevens:
A. Duarte Correia, datum 20-11-2019
- Datum
20-11-2019
- Auteur
A. Duarte Correia
- JCDI
JCDI:ADS169090:1
- Vakgebied(en)
Financieel recht / Bank- en effectenrecht
Ondernemingsrecht / Jaarrekeningenrecht
Toon alle voetnoten
Voetnoten
Voetnoten
See, Resolution 306/2002, available in Portuguese, at: https://www.mma.gov.br/ port/conama/legiabre.cfm?codlegi=306.
See, Resolution 381/2006, available in Portuguese, at: https://www.mma.gov.br/ port/conama/legislacao/CONAMA_RES_CONS_2006_381.pdf.
See, Brazil Legal Memo – American Bar Association at https://www.americanbar. org/content/dam/aba/administrative/environment_energy_resources/resources/brazil_legal_memo.authcheckdam.pdf pp. 17 and 18.
Deze functie is alleen te gebruiken als je bent ingelogd.
In Brazil, assurance of sustainability reports is voluntary. Sustainability reports voluntarily published by Brazilian companies are not required to be externally assured. These reports disclose information in accordance with international frameworks such as the CDP (former Carbon Disclosure Project), the Global Reporting Initiative, the International Integrated Reporting Council and the UN Global Compact. However, companies may choose to have their sustainability reports externally assured (e.g. by the Big Four accountancy firms).
Environmental auditing is also not mandatory by any federal or state law in Brazil. Still, there are Resolutions 306/20021 and 381/20062(enacted by the National Environmental Council (CONAMA),3the deliberative council connected to the Brazilian Institute of Environment and Renewable Natural Resources (IBAMA),4 which require a mandatory audit for the oil and gas industry sectors.5