CVM Resolution No. 193

CVM Resolution No. 193 sets forth provisions for the preparation and disclosure of sustainability-related financial information reports by public companies, investment funds, and securitization entities in Brazil. The framework adopts the international standard issued by the International Sustainability Standards Board (ISSB) to align national practices with global standards, enhancing transparency, reliability, and comparability. Initially voluntary from 2024, it becomes mandatory for listed companies from fiscal years starting in 2026. The resolution integrates Brazil’s ecological transformation agenda led by the Ministry of Finance and the CVM’s sustainable finance strategy, strengthening corporate accountability to investors. Its implementation requires periodic reporting, independent assurance, and alignment with CBPS standards.