Who: The event will feature a conversation with U.S. Special Presidential Envoy for Climate John Kerry, who will discuss U.S.-Brazil cooperation on climate and sustainable development. Additionally, Bruno Funchal, Special Secretary of Finance from the Brazilian Ministry of Economy will speak on establishing the regulatory framework to facilitate sustainable investment. The meeting will convene global executives from leading financial institutions and fund managers to address Brazil’s business climate for environmentally sustainable investments.
Why: The U.S. Chamber of Commerce’s International Policy Coalition for Sustainable Growth and the Brazil-U.S. Business Council, through dialogues and collective thinking with the Brazilian government, international companies, multilateral institutions and global stakeholders, are working to enable regulatory frameworks that will attract sustainable investments, consistent with international standards and obligations of institutional investors. The uncertain regulatory frameworks, practical complexities and bureaucratic barriers to Environmental, Social and Governance (ESG) investing remain an impediment for institutional investors measuring risks and returns. And yet, much needed foreign direct investment depend of the credibility of the national efforts to address the fragile ecosystems from the biodiversity and environmental sustainability perspective. By addressing these critical issues, Brazil can increase investor confidence and enhance incentives and opportunities in sustainable economic growth, global trade, green capital investment and resource efficiency.
What: Investors’ ability to measure material risks and returns is impeded by regulatory fragmentation, practical complexities and other barriers to sustainable investing. The event will address the steps Brazil needs to take to improve the business climate for environmentally sustainable investments, including the standardization and implementation of sustainable management protocols, and enhance incentives for sustainable, inclusive growth. A coordinated approach to sustainability, that incorporate meaningful and measurable criteria—aligned with global standards—will provide clarity for international financial institutions and asset managers. Such frameworks should have a long-term perspective and be used as guiding tools to align public and private sector investment priorities to achieve environmentally sound, sustainable and inclusive growth.
How: This event is for members of the Brazil-U.S. Business Council and the International Policy Coalition for Sustainable Growth. It is closed to press. If you are not a member and interested to learn more about the event, please contact brazilcouncil@uschamber.com.
What’s Next: This event Unleashing the Power of Sustainable Investment is part of a series of high-level engagements with authorities, business communities and stakeholders to support climate action in Brazil. Next, event in September will continue to address how Brazil can strengthen its regulatory framework to capture sustainable investment and promote green growth.