BM and FBOVESPA Sustainability Index and the Responsible Practices of Brazilian Corporations : Issue Brief
BM and FBOVESPA, Latin America’s leading exchange in number of transactions and one of the world’s largest in market value, created the corporate sustainability index (ISE índice de sustentabilidade empresarial) in 2005 with financial support from...
| Main Author: | |
|---|---|
| Format: | Brief |
| Language: | English en_US |
| Published: |
Washington, DC
2017
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/702381483447362647/BM-and-FBOVESPA-sustainability-index-and-the-responsible-practices-of-Brazilian-Corporations-issue-brief http://hdl.handle.net/10986/25850 |
| Summary: | BM and FBOVESPA, Latin America’s leading
exchange in number of transactions and one of the world’s
largest in market value, created the corporate
sustainability index (ISE índice de sustentabilidade
empresarial) in 2005 with financial support from the
International Finance Corporation (IFC). The ISE was
designed to create an efficient investment mechanism to
group companies with superior performance that manage
environmental, social, and governance risks and
opportunities. The ISE served as a reference guide for
initiation of sustainability practices as well as for their
continuous improvement. The firms that have been in the
index (for some time or since its inception) report valuable
benefits in terms of improved sustainability practices,
better reputation, and, to some extent, positive impacts on
their stock price, access to capital, and liquidity in the
stock market. The ISE supported a rapid move to sustainable
practices among listed firms, with most relatively large
companies with liquid stocks eager to participate. As
experience has been gained, the requirements for membership
have been tightened, and fewer firms have been applying.
IFC’s strategy in Brazil focuses on promoting access to
finance and developing capital markets to reach low-income
individuals, microenterprises, and small businesses. For
more publications on IFC Sustainability please visit www.ifc.org/sustainabilitypublications. |
|---|