Brazil's Climate Disclosure Rules: What You Need to Know

Summary Brazil’s securities regulator lets listed companies publish a climate and sustainability report based on the global IFRS S1 and S2 standards. In May 2026 the regulator dropped its plan to make this report compulsory from 2026, so publishing it is now each company’s choice. From January 2027, a listed company that chooses not to publish must say why, in a public notice filed with its annual accounts.