Brazil establishes committee to implement sustainable finance programme

The Brazilian government has created a joint committee to implement a sustainable finance programme. It is made up of 27 federal bodies and organisations. This is reported by Brasil 247, a partner of TV BRICS.

The committee is expected to develop a methodology to assess the impact of economic activities on social processes and the environment. It includes the Central Bank, the Securities and Exchange Commission (CVM), the Private Insurance Authority (Susep) and other agencies and regulators led by the country's Finance Ministry. The committee will categorise activities and projects in line with the sustainable development strategy.

"We believe that tackling climate change requires solutions that will help align economic, social and environmental goals with each other. Coordination between different authorities and regulators is fundamental," the finance ministry said in a statement.

According to the country's Finance Ministry, the new committee will have to assess how many different resources are needed to implement the national sustainable development programme, including training for regulators.