Resolution No. 513

BCB RESOLUTION NO. 513, OF OCTOBER 21, 2025

Dispenses with the concepts and accounting criteria to be observed by consortium administrators, payment institutions, securities brokerage companies, securities distribution companies, and foreign exchange brokerage companies authorized to operate by the Central Bank of Brazil in the measurement, recognition, derecognition, and accounting disclosure of sustainability assets and liabilities, and on the disclosure in explanatory notes of additional information related to sustainability assets and liabilities to be observed by financial institutions and other institutions authorized to operate by the Central Bank of Brazil.

Amended by BCB Resolution No. 553, of March 3, 2026.

Dispenses with the concepts and accounting criteria to be observed by institutions obliged to use the Accounting Standard of Institutions Regulated by the Central Bank of Brazil – Cosif by virtue of BCB Resolution No. 92, of May 6, 2021, in the measurement, recognition, derecognition, and accounting disclosure of sustainability assets and liabilities, and on the disclosure in explanatory notes of additional information related to sustainability assets and liabilities to be observed by financial institutions and other institutions authorized to operate by the Central Bank of Brazil. (Amended by BCB Resolution No. 553, of 3/3/2026.)

The Collegiate Board of the Central Bank of Brazil, in a session held on October 21, 2025, based on arts. 9 of Law No. 4.595, of December 31, 1964, 9-A of Law No. 4.728, of July 14, 1965, 6 and 7, caput, item III, of Law No. 11.795, of October 8, 2008, 9, caput, item II, and 15 of Law No. 12.865, of October 9, 2013, and having in view the provisions of art. 11 of CMN Resolution No. 5.252, of September 25, 2025,

RESOLVES:

CHAPTER I

ON THE OBJECT AND SCOPE OF APPLICATION

Art. 1. This Resolution dispenses with:

Amended by BCB Resolution No. 553, of 3/3/2026.

I - the concepts and accounting criteria to be observed by the institutions mentioned in art. 1, caput, item I, of BCB Resolution No. 92, of May 6, 2021, in the measurement, recognition, derecognition, and accounting disclosure of sustainability assets and liabilities; and (Amended by BCB Resolution No. 553, of 3/3/2026.)

II - the procedures to be observed by financial institutions and other institutions authorized to operate by the Central Bank of Brazil in the disclosure in explanatory notes of additional information related to sustainability assets and liabilities.

Sole Paragraph. For the purposes of this Resolution, consider:

I - sustainability asset: a non-financial asset with the following characteristics:

a) intangible and without physical substance;

b) transferable separately in a transaction; and

c) originated with the objective of promoting social, environmental, or climate sustainability, including the asset intended to prevent, control, reduce, or remove greenhouse gas emissions; and

II - sustainability liability: a non-financial liability originated from a legal or informal obligation, as defined in specific regulation, that:

a) arises from a commitment related to social, environmental, or climate sustainability, including the obligation to carry out actions with the objective of preventing, controlling, reducing, or removing greenhouse gas emissions; and

b) can be settled with sustainability assets.

CHAPTER II

ON THE ACCOUNTING CRITERIA TO BE OBSERVED IN THE MEASUREMENT, RECOGNITION, DERECOGNITION, AND ACCOUNTING DISCLOSURE OF SUSTAINABILITY ASSETS AND LIABILITIES

Section I

On Recognition, Measurement, and Derecognition

Subsection I

On Sustainability Assets

Art. 2. The institutions mentioned in art. 1, caput, item I, shall only recognize sustainability assets:

I - granted by a government agency; or

II - certified by:

a) an entity that uses accredited methodology, when provided for in specific regulation; or

b) a qualified independent entity, in other cases.

Sole Paragraph. The certification referred to in item “b” of item II of the caput shall be carried out by an entity with technical, administrative, and operational capacity compatible with the evaluation of aspects related to sustainability assets, meeting, at a minimum, the following requirements:

I - not be considered a related party, in accordance with art. 34, § 3º, of Law No. 4.595, of December 31, 1964;

II - use a methodology of recognized merit in the market, based on consistent and verifiable criteria; and

III - adopt national or international methodologies that establish criteria and rules for measurement, reporting, and verification of emissions, in the case of carbon credits.

Art. 3. The institutions mentioned in art. 1, caput, item I, must, upon initial recognition, measure sustainability assets at:

I - cost, including costs incurred in the certification process, as well as others that may be incurred until their availability for the intended use by the institution, in the case of originated assets;

II - cash acquisition price, plus transaction costs, in the case of acquired assets; or

III - fair value, determined according to specific regulation, on the date of recognition, in the case of sustainability assets received from a government agency.

§ 1º In the case of installment acquisition, the difference between the cash price of the asset and the total value of payments must be appropriated monthly, pro rata temporis, as an expense, according to the accrual basis.

§ 2º For the purposes of items I and II of the caput, only costs that are cumulatively:

I - directly attributable to the acquisition or origination of the sustainability asset; and

II - incremental, thus considered the costs which the institution would not incur if it had not acquired or originated the sustainability asset.

Art. 4. The institutions mentioned in art. 1, caput, item I, must, upon initial recognition, classify sustainability assets into the following categories:

I - retirement: intended for the sustainability asset that the institution will probably use to fulfill an assumed commitment related to sustainability; and

II - trading: intended for the sustainability asset that the institution intends to designate for future sale and generation of profits based on variations in its market prices.

Sole Paragraph. Only fungible sustainability assets may be classified in the trading category.

Art. 5. The institutions mentioned in art. 1, caput, item I, must, at the time of interim statements and balance sheets, measure sustainability assets:

I - classified in the retirement category:

a) at cost, in the case of sustainability assets linked to sustainability liabilities already recognized; and

b) at the lower of cost and fair value, determined according to the provisions of specific regulation, net of sales expenses, recognizing changes in the asset's carrying amount as a counterparty to the period's result, in the case of sustainability assets not linked to sustainability liabilities; and

II - classified in the trading category:

a) at the lower of cost and fair value, determined according to the provisions of specific regulation, net of sales expenses, recognizing changes in the asset's carrying amount as a counterparty to the period's result, in the case of originated or received sustainability assets; and

b) at fair value, determined according to the provisions of specific regulation, net of sales expenses, recognizing appreciation or depreciation as a counterparty to the period's result, in the case of acquired sustainability assets.

Sole Paragraph. The cost of the sustainability asset received from a government agency refers to the value initially recognized, as provided in art. 3, caput, item III.

Art. 6. In the case of change of purpose of sustainability assets, the institutions mentioned in art. 1, caput, item I, must reclassify them on the first day of the period subsequent to the accounting result calculation.

Sole Paragraph. On the date of reclassification, the following adjustments must be made:

I - in the transfer from the retirement category to the trading category, any difference between the carrying amount of the asset on the transfer date and the value measured according to art. 5, caput, item II, items “a” and “b”, must be recognized in the period's result; and

II - in the transfer from the trading category to the retirement category, the value referred to in art. 5, caput, item II, items “a” and “b”, determined on the transfer date, must constitute the new gross carrying amount of the asset, with no reversal of amounts already computed in the result arising from unrealized gains or losses being admitted.

Art. 7. The institutions mentioned in art. 1, caput, item I, must derecognize sustainability assets designated:

I - for trading, upon sale; and

II - for retirement, as a counterparty to the liabilities related to them, upon fulfillment of the assumed commitment related to sustainability.

Sole Paragraph. The institutions mentioned in art. 1 must recognize the positive or negative result determined upon the sale of sustainability assets designated for trading in the period's result.

Subsection II

On Sustainability Liabilities

Art. 8. The institutions mentioned in art. 1, caput, item I, must, regarding sustainability liabilities, measure:

I - the portion covered by sustainability assets, at the carrying amount of the assets classified in the retirement category that will be used to settle the assumed commitment related to sustainability; and

II - the portion not covered by sustainability assets, at the best estimate of the outflow of resources to settle the assumed commitment related to sustainability.

Art. 9. The institutions mentioned in art. 1, caput, item I, must derecognize sustainability liabilities only when the assumed commitments related to sustainability expire, are settled, cancelled, or extinguished.

Section II

On Disclosure in Explanatory Notes

Art. 10. The institutions mentioned in art. 1, caput, item I, must disclose, in explanatory notes, clearly and objectively, regarding sustainability assets and sustainability liabilities:

I - the description of accounting policies regarding the recognition and measurement of these items, in such a way that users of financial statements can make adequate judgment about the accounting policies adopted;

II - for all sustainability assets, except those classified in the retirement category, according to art. 5, caput, item I, item “a”:

a) the value at initial recognition and the fair value on the reporting date, by fair value hierarchy level, segregating the classification according to art. 5; and

b) gains and losses recognized in the result arising from fair value adjustments;

III - relevant exposures of recognized sustainability assets, including:

a) the description of their nature;

b) their carrying amount on the balance sheet date; and

c) their accounting classification;

IV - the carrying amount of relevant sustainability liabilities, on the balance sheet date, segregating:

a) the description of their nature; and

b) the covered and uncovered portion, according to art. 8; and

V - the aggregate carrying amount of sustainability assets and sustainability liabilities not considered individually relevant.

Section III

General Provisions

Art. 11. The Central Bank of Brazil may determine adjustments in the models adopted by institutions for the fair value assessment of sustainability assets, if it identifies inadequacy in the definition of these models.

Art. 12. The institutions mentioned in art. 1, caput, item I, must keep available to the Central Bank of Brazil the documentation that clearly and objectively evidences the criteria used for the measurement of sustainability assets, for a minimum period of five years, counted from the date of measurement, or for a longer period, due to legal or regulatory determination.

CHAPTER III

ON THE DISCLOSURE OF INFORMATION RELATED TO SUSTAINABILITY ASSETS AND LIABILITIES

Art. 13. The institutions mentioned in art. 1, caput, item II, must disclose, in explanatory notes, clearly and objectively, regarding sustainability assets:

I - the origin of the assets, classifying them as acquired from third parties, received from a government agency, and originated by the institution itself, indicating the classification category, according to art. 5;

II - the value of the initial measurement of sustainability assets originated, acquired, or received from a government agency recognized in the period;

III - the accredited organization responsible for certification;

IV - the risk classification of the assets, if any, and the agency responsible for the classification;

V - the carrying amount of sustainability assets derecognized in the period for no longer meeting the asset recognition criteria, according to current regulation; and

VI - the expense incurred regarding sustainability assets originated, acquired, or received from a government agency that did not meet the recognition criteria, according to current regulation, in the period.

Art. 14. The institutions mentioned in art. 1, caput, item II, must disclose, in explanatory notes, clearly and objectively, regarding sustainability liabilities:

I - the volume and percentage of relevant sustainability liabilities, segregated by the type of event that originated the obligation; and

II - the expected schedule and time horizon for the settlement of sustainability liabilities.

Sole Paragraph. The institution must disclose the time horizon in which it intends to reduce emissions to zero, in the case where the event referred to in item I of the caput includes this commitment.

Art. 15. The institutions mentioned in art. 1, caput, item II, must disclose, in explanatory notes, clearly and objectively, regarding the period's result:

I - the revenue from the sale of sustainability assets and the carrying amount of these sustainability assets on the date of sale;

II - the revenues and expenses recognized, segregated, arising from the reclassification of sustainability assets; and

III - the revenues and expenses recognized, segregated, arising from fair value adjustments of sustainability assets and sustainability liabilities.

Art. 16. The institutions mentioned in art. 1, caput, item II, must disclose sufficient information to allow the reconciliation of explanatory notes with the items presented in the financial statements.

CHAPTER IV

FINAL PROVISIONS

Art. 17. The institutions mentioned in art. 1, caput, item II, must apply the provisions of this Resolution prospectively, from the date of its entry into force.

Sole Paragraph. The effects of any adjustments resulting from the initial application of the accounting criteria established by this Resolution must be recorded as a counterparty to the account of accumulated profits or losses by the net value of the tax effects.

Art. 18. BCB Resolution No. 2, of August 12, 2020, published in the Official Gazette of the Union on August 13, 2020, shall enter into force with the following alterations:

“Art. 19. ..................................................................................................................................

§ 1º ........................................................................................................................................

I - ............................................................................................................................................

.................................................................................................................................................

i) depreciation and amortization;

.................................................................................................................................................

k) sustainability assets; and

II - ............................................................................................................................................

.................................................................................................................................................

d) sustainability liabilities;

e) share capital;

f) capital reserves;

g) profit reserves;

h) other comprehensive income;

i) accumulated profits or losses; and

j) treasury shares.

.................................................................................................................................................

§ 5º The institution must present, in a segregated manner:

I - sustainability assets and sustainability liabilities; and

II - the covered portion and the uncovered portion of sustainability liabilities.” (NR)

Art. 19. This Resolution enters into force on January 1, 2027.

GILNEU FRANCISCO ASTOLFI VIVAN
Director of Regulation