Financial sector companies listed on B3 expand environmental goals

Financial sector companies listed on B3 expand environmental goals

The survey data also reveal that addresses aimed at biodiversity are the ones that grew the most among the financial companies listed on the B3, with 14% of companies making commitments in this area.

Continuing the first survey carried out in 2021, the consultancy Luvi One, in partnership with fintech arara.io, carried out a new study this year. The results show that there have been advances in the ESG agenda in the Brazilian financial sector, with more companies making environmental impact commitments.

According to data collected in 2021, 21% of companies in the financial sector had generic targets for reducing their environmental impact. This percentage rose to 35% in 2022, which represents an 85% increase in the number of companies with environmental goals.

The Luvi One/arara.io survey analyzed, in 2022, 69 companies in the financial sector in the areas of diverse financial services (10), financial intermediaries (23), real estate exploration (18), pension and insurance (7), securitization of receivables (9) and diversified holdings (2).

In 2021, 62 companies were evaluated, including: various financial services (7), financial intermediaries (21), real estate exploration (16), pension and insurance (7), receivables securitization (9) and diversified holding companies (2) .

The survey data also reveal that addresses aimed at biodiversity are the ones that grew the most among the financial companies listed on the B3, with 14% of the companies making commitments in this field.

Last year, only 3% of companies reported this objective in their generic targets, which represents a 400% increase in the number of companies with biodiversity targets.

In the field of emission reduction, growth was also considerable. In 2021, 16% of companies had this goal, in 2022 this number increased to 29%.

“We can see a growing engagement of the financial market, in line with increasing demands from regulators and investors for greater transparency, positioning and addressing the climate issues of the institutions themselves, their clients and their respective portfolios. However, there is still a long way to go.”, says Felipe Gutterres, director of Luvi One and coordinator of the survey.

When detailing data related to environmental impact in the financial sector, the 2022 study further reveals that:

  • 33% of companies have diversity goals.
  • 29% of companies have emission reduction targets.
  • 26% of companies have water targets.
  • 14% of companies have biodiversity targets.
  • 33% of companies have energy targets.
  • 29% of companies have waste targets.

Source: Exam

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