The Brazil Securities Commission (CVM) has published its first execution report on the 2023–2024 Sustainable Finance Action Plan, outlining progress in integrating sustainability and ESG practices into Brazil’s capital markets. The report concludes that 14 of the 17 initiatives were fully completed (82.35%), with the remaining three partially delivered (17.65%). Prepared by the Investor Guidance and Sustainable Finance Superintendency (SOI/CVM) and framed around the CVM Sustainable Finance Policy, the report describes the results achieved, targets met and key execution challenges. Highlighted deliverables include Resolution CVM 193, which enables listed companies, investment funds and securitisation companies to voluntarily prepare and disclose sustainability-related financial information based on the International Sustainability Standards Board’s IFRS S1 and S2 standards, alongside a specific FIAGRO rule, the CVM Integrity Plan, CPC Guidance 10 on carbon credits, emission allowances and decarbonisation credits (CBIO), regulation for ProRecicle recycling-project funds and internal training on sustainable finance; the CVM also notes it received the United Nations ISAR Honours 2024 award. The release points to continued implementation of the plan for 2025–2026 and links the work to the CVM’s 2025 regulatory agenda, which foresees guidance on sustainable finance and blended finance and continued monitoring of discussions on the Brazilian Sustainable Taxonomy.

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