The Brazil Securities Commission has highlighted that Brazil has been profiled in an IFRS Foundation report on jurisdictional approaches to adopting International Sustainability Standards Board sustainability reporting standards. The profile cites the Commission and recognises Brazil as a jurisdiction that already allows use of the standards and has set a timetable to make their adoption mandatory, with Brazil recorded as committed to full adoption. The IFRS Foundation report covers 17 jurisdictions and notes that 14, including Brazil, have committed to fully adopt the ISSB standards, while 36 jurisdictions have adopted, are using, or are finalising adoption of the standards in their regulatory frameworks. Sustainability reporting also features in the Commission’s 2025 regulatory agenda, including a completed survey on benefits, challenges and market readiness for adopting CBPS 01, aligned with IFRS S1, and CBPS 02, aligned with IFRS S2, with collected data under analysis, and an ongoing survey to support a regulatory outcome analysis of CVM Resolution 59 on environmental, social and governance disclosures in the Reference Form. The Commission also referenced CVM Resolution 193 issued in October 2023 and amendments made by Resolution 227 in March 2025 to facilitate voluntary adoption of CBPS 01 and CBPS 02, including deadlines for listed companies to declare voluntary adoption by 31 December 2024 for financial years starting on or after 1 January 2024 and by 31 December 2025 for financial years starting on or after 1 January 2025.

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