Regulatory Alerts2026-05-29
CVM Amends Voluntary Adoption Regime for CBPS and ISSB Sustainability Reporting Standards
The Brazilian Securities and Exchange Commission (CVM) issued CVM Resolution 244, reforming CVM Resolution 193, to introduce greater flexibility into the voluntary adoption regime for CBPS and ISSB sustainability reporting standards. This new resolution removes the mandatory reporting requirement for publicly traded companies after an initial voluntary period, aligning their obligations with those of investment funds and securitization companies. Companies choosing to report sustainability information must still adhere to CBPS and ISSB standards, but those opting not to report must issue a "comply or explain" market announcement, and the previous "report forever" rule is replaced by a minimum three-consecutive-year reporting period with prior notification for interruption.