|Number of listed companies||328|
|Domestic market capitalization||1187362 million US$|
|SSE Partner Exchange||Yes|
|Has annual sustainability report||Yes
|ESG reporting required as a listing rule||Yes
|Has written guidance on ESG reporting||Yes
|Offers ESG related training||Yes
|Market covered by sustainability-related index||Yes
|Has sustainability bond listing segment||Yes
|Has SME listing platform||Yes
B3 as an organization that is at the center of the capital market, has the role of promoting the best sustainability practices among its stakeholders and offering ESG (Environmental, Social and Governance) products and services to support its customers in this transition. The strategic 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.
In its governance structure, the company has a:
• Sustainability Committee: chaired by the CEO, composed of Vice-Presidents and an external member, responsible for the strategic orientation
B3 has a Social-Environmental Responsibility Policy approved by the Board of Directors in 2013, which is aligned with its strategic principles and aims to formalize and orient guidelines for action on the theme.
B3’s contribution to solutions to combat climate change and its effects on society is also expressed in initiatives directly related to the Company’s operation, which adopts measures to identify, manage and reduce environmental impacts arising from its activities. Several initiatives are developed, among employees and interns to encourage the conscious use of water, energy, and paper. Solid waste is also managed, including electronic waste and greenhouse gas emissions.
B3 has been making an inventory of its greenhouse gas emissions and responds to the CDP (formerly Carbon Disclosure Project) annual questionnaire since 2009. Since 2010 it has been audited externally and the document has been included in the Public Registry of the Brazil GHG Protocol Program. The inventory is a prerequisite to participate in ICO2. Also, the Exchange compensates its emissions that cannot be reduced, since 2013. In 2019, B3 joined the Climate Commitment Program, a platform that connects companies that want to offset their emissions through projects throughout Brazil, which generate positive environmental and social actions.
In the social pillar, B3 respects its internal and external relationships and promotes Human Rights, B3 pledges to attract and retain talent, encourage the pursuit of improved quality of life and develop its employees. It encourages agendas of diversity, inclusion and gender equality and encourages volunteer work, in accordance with the B3 Volunteer Policy. The Company is also committed to fostering good social practices across its value chain and promoting private social investment, via B3 Social.
B3 believes in the value of partnerships and, for this reason, is a member of many initiatives and commitments with ESG focus:
To see all the commitments, click here.
|Organizational model of stock exchange||
Limited Exchange Self-Regulatory Organization (SRO) Model
|About the stock exchange||
Location: São Paulo, Brazil.
The SSE maintains a database of sustainability activities for all stock exchanges that are either members of the SSE initiative and/or members of the World Federation of Exchanges. This database is the most comprehensive database of stock exchanges worldwide and contains data on all main stock exchanges. The information in this database is intended to inform investors and other stakeholders on the work stock exchanges are undertaking to advance sustainability in their respective markets.
The information provided in this database is based on publicly available information prepared by the SSE Secretariat with input from stock exchanges in most instances. Sources and explanatory notes on sustainability information have been included in individual Stock Exchange Fact Sheets. The criteria for each category can be found below.
While every effort is made to keep the information in this database up to date, please be aware that certain factors change frequently and therefore may not be exact, such as the number of listed companies or market cap.
|Conducts business in||Country or Market in which the stock exchange operates|
|Number of listed companies (Date updated)||Updated either by the stock exchange directly or using WFE data|
|Domestic market capitalization||Updated either by the stock exchange directly or using WFE data|
|Has signed the SSE Commitment Letter?||To be considered an SSE Partner Exchange, the CEO or Chairperson of the exchange must sign an SSE commitment letter. Contact the SSE for more information if your exchange would like to join.|
|Has annual sustainability report?||For a yes, stock exchanges must report, either in a stand alone report or integrated into their financial report, on their environmental and social impact and corporate governance.|
|ESG reporting required as a listing rule?||For a yes, all three factors have been considered (environmental, social and governance) within the listing rules for some or all listed companies. This requirement may come from the regulatory authority or the exchange, depending on the market.|
|Offers written guidance on ESG reporting?||For a yes, all three factors have been considered (environmental, social and governance). The SSE has developed a model guidance that all exchanges can use to develop their own guidance to issuers. For more details, click here.|
|Offers ESG related training?||For a yes, training must have taken place in the previous 12 months, and must be interactive. The topic of the training must be on some area of sustainability.|
|Market covered by sustainability-related index?||Sustainability-related indices may include environmental or social indices, or ESG indices. This could include specific themes, such as low carbon indices, or general sustainability indices. The index must be specific to the market the exchange operates in (a region or world index is not included).|
|Has sustainability bond listing segment?||For a yes, the exchange has developed the rules and regulations allowing for sustainability bonds to be listed, and provides a separate segment for listing making the bonds easy to find and identify.|
|Has an SME listing platform?||For a yes, the exchange offers a listing platform specifically for Small-and-Medium sized enterprises.|
|Additional Information||Additional Information captures exchanges’: sustainability section of websites, sustainability products not captured under indices; information on future sustainability commitments and other information on the exchange|
|Organizational model of stock exchange||Whether the exchange is listed or not, and when it was demutualized|
|Regulatory bodies||The regulatory authority that sets listing requirements and capital market regulation for the exchange's market|
The extent to which exchanges have regulatory authority in their market. This may include:
|About the stock exchange||The location of the headquarters of the exchange, and any additional details about the stock exchange.|