Our ambition is to connect sustainability with the business, leveraging B3’s strategic objectives, and promoting a resilient business environment aligned with the best ESG practices. For the company, sustainability is an essential market practice, which generates long-term value for our stakeholders.
As an organization that is at the center of the financial and capital markets, we have the role of inducing the best ESG (Environmental, Social and Governance) practices among our stakeholders, offering products and services that support our clients in the transition for a resilient, low-carbon economy and conduct our activities through responsible internal management.
To reinforce this commitment, our Sustainability Strategy, approved by Executive Board, is based on 3 pillars:
- To be a company aligned with the best sustainability practices
- Induce ESG best practices in the Brazilian market
- Strengthen the product portfolio and develop new ESG market fronts
Considering the importance of the ESG agenda, we have the Social and Environmental Responsibility Policy, approved by the Board of Directors, which is aligned with the company’s strategic principles and aims to formalize and guide actions on the subject.
Believing in the value of partnership, we act as an associate, member and/or signatory of several institutions and commitments with an ESG focus. Thus, we seek to monitor trends and possible regulations that may impact operations and stakeholders, and subsidies for the creation of new products and services.
We were the first stock exchange in the world to become a signatory to the UN Global Compact in 2005 and the first stock exchange in an emerging country to commit to the Principles for Responsible Investment (PRI) in 2010. In 2012, we became a signatory founder of the Sustainable Stock Exchanges initiative (SSE) within the UN and, since 2014, we are a member of the Sustainability Working Group of the World Federation of Exchanges (WFE). In the climate agenda are member of the Advisory Board of the CDP Latin America.
We also seek to engage companies in sustainability issues and, at the same time, prepare them for this new business context, in which ESG factors are as important as economic-financial ones. As an example of promoting the agenda, we have the Corporate Sustainability Index (ISE B3), which, since 2005, seeks to create an investment environment compatible with the demands for sustainable development of contemporary society and encourage ethical responsibility of corporations, among other initiatives.
Since 2010, base year 2009, we have released the Annual Report drawn up based on the guidelines of the Global Reporting Initiative (GRI) and which, from 2020, started to also consider indicators of the Sustainability Accounting Standards Board (SASB) and some elements of the International Integrated Reporting Council (IIRC). The Annual Report, which is audited by a third party, and which covers the most relevant UN Sustainable Development Goals (SDGs) for our business, aims to disclose, in a transparent manner, economic, environmental, social, and corporate governance information related to the strategy, business and performance of B3.
Our activities have a low environmental impact due to the nature of the activities, however, considering our commitment to be aligned with the sustainability best practices and encourage other companies to do the same, we monitor our environmental impacts and implement management, mitigation and transparency initiatives, among which we highlight:
- Preparation of the greenhouse gas emissions inventory since 2009;
- Carbon Neutral for 9 years, through the neutralization of greenhouse gas emissions;
- Reporting to the CDP Climate Change questionnaire since 2009;
- Part of the Carbon Efficient Index (ICO2 B3) portfolio since its launch in 2010;
- Integrates the CDP Climate Resilience Index;
- Implementation of internal selective collection, eco-efficiency, and incentive to conscientious consumption programs.
As a responsible company, we strive to attract and retain talent, promote quality of life and develop our employees. In addition, it encourages diversity, inclusion, gender equality and volunteering agendas. We are also committed to inducing social practices in our value chain and promoting private social investment through B3 Social. Among these initiatives, we highlight:
- Diversity & Inclusion: we have 5 diversity groups (gender, race and ethnicity, LGBTQIA+, people with disability, and generations) to discuss proposals and initiatives that promote the topic. In 2020, we carried out more than 80 actions on this front;
- WOB (Women on Board): seal that recognizes the commitment to the diversity agenda, materialized with the participation of three women on the Company’s Board of Directors;
- Ring the Bell for Gender Equality in partnership with the Sustainable Stock Exchange, Word Federation of Exchanges and IFC;
- B3 Social: is a non-profit association, founded in 2007, responsible for integrating and coordinating our private social investment projects. In 2020, we contributed approximately R$62 million to 156 civil society projects on several topics, including youth training projects, combating the impacts of the pandemic on food, health and income fronts and projects supported through incentive laws on the fronts of health, sport and culture.
- B3 Education: space in which the Company acts as curator of knowledge already developed by the market, organizing content produced by partners, clients and academia, together with authored content, in the form of knowledge trails. Launched in 2020, it had 45 courses at the end of the year, more than 400 contents and 100,000 registered users, in addition to 420,000 registered accesses.
Transparency, accountability, appropriate processes, and controls are essential for a Company’s growth. We ensure the best corporate governance practices through:
- Board of Directors (CA) with independent members, market experts and gender diversity;
- Sustainability Committee: responsible for strategic guidance on B3’s sustainability issues and approval of the planning and macro initiatives related to sustainability. It is composed by CEO, two members of the Board of Directors, Chief Financial, Corporate and Investors Relations Officer, Chief Client and Products Officer, and the Managing Director of People, Marketing, Communication and Sustainability.
- Policy for Transactions with Related Parties and Other Situations of Conflict of Interest;
- Policies and code of conduct;
- Corporate risk management with four lines of defense (item 5, Reference Form);
- Clear rules, policies and responsibilities for IT incidents;
- Adoption of global data security accountability practices;
- Listed on the Novo Mercado.
For more information on these topics, access the Annual Report or contact sustentabilidade@b3.com.br.
Last updated on July 23, 2021