CVM 193
Resolução CVM nº 193/2023, amended by Resolução CVM nº 244/2026 — IFRS S1/S2 sustainability reporting
Sujet : publication ESG · Niveau : national
Aujourd’hui
Reporting made voluntary by CVM 244 (29 May 2026). Non-reporters must explain from 2027; reporters commit 3 years.
Résumé
La CVM 193 a introduit au Brésil un reporting de durabilité fondé sur l'ISSB, qui devait devenir obligatoire en 2026. En mai 2026, la CVM 244 l'a rendu facultatif. À partir de 2027, les sociétés qui ne publient pas doivent expliquer pourquoi.
Qui est concerné
- Chiffre d’affaires
- non précisé
- Effectif
- non précisé
- Cotée en bourse
- cotées seulement
- Secteurs
- All sectors
- Activités déclencheuses
- Publicly-held company registered with CVM
- Portée hors territoire
- Non
No direct supplier duty; voluntary IFRS S2 reporters may ask for Scope 3 data.
- Exemples
- B3-listed pulp and paper group
- B3-listed meat processor
- B3-listed mining company
Ce que la loi exige
- Explain in annual filings why no sustainability report is published (from 2027)
- If reporting, follow CBPS standards based on IFRS S1 and S2
- If reporting, keep reporting at least 3 years; announce exit a year ahead
- If reporting, obtain independent auditor assurance (reasonable from FY2026)
Sanctions
CVM fines (Law 6.385, as amended 2017): up to the greatest of BRL 50m, 2x the operation, 3x the gain, or 2x investor losses.
Ce que cela change pour un fournisseur en Chine
Lower pressure: few Brazilian issuers are now required to report. Voluntary IFRS S2 reporters may still ask for product carbon data.
Preuves attendues
- Scope 1 and 2 emissions data
- Product carbon footprint
- Energy consumption records
Niveaux : Tier 1