BCB Resolution No. 586 — Provides for the disclosure of the Social, Environmental and Climate Risks and Opportunities Report – GRSAC Report

The Collegiate Board of the Central Bank of Brazil, in a session held on September 2, 2026, based on the provisions of arts. 9, 10, main section, item IX, and 11, main section, item VII, of Law No. 4,595, of December 31, 1964, in art. 9-A of Law No. 4,728, of July 14, 1965, in arts. 9, main section, item II, and 15 of Law No. 12,865, of October 9, 2013, in arts. 4 and 6 of Law No. 14,478, of December 21, 2022, and in arts. 1 and 2 of Decree No. 11,563, of June 13, 2023, and in view of the provisions of art. 56 of Resolution No. 4,557, of February 23, 2017, and art. 63 of BCB Resolution No. 265, of November 25, 2022, R E S O L V E S :

CHAPTER I OF THE PURPOSE, SCOPE OF APPLICATION AND PRELIMINARY PROVISIONS

Art. 1 This Resolution provides for the disclosure of the Social, Environmental and Climate Risks and Opportunities Report – GRSAC Report.

Art. 2 Institutions classified in Segment 1 – S1, Segment 2 – S2, Segment 3 – S3 and Segment 4 – S4, under the terms of Resolution No. 4,553, of January 30, 2017, or under the terms of BCB Resolution No. 436, of November 28, 2024, must disclose a document called the GRSAC Report.

Sole Paragraph. The GRSAC Report must be prepared on a consolidated basis for institutions belonging to the same prudential conglomerate.

Art. 3 The information in the GRSAC Report must be disclosed according to the fixed or flexible format tables established by the Central Bank of Brazil.

§ 1 The tables must be disclosed with their respective headers.

§ 2 Provided there is no change in the order of presentation and respective numbering in fixed-format tables, the addition of rows or columns is permitted, with a view to greater granularity of information to facilitate user understanding.

§ 3 Fixed-format tables must be accompanied by additional comments containing the supplementary information required in each of them.

§ 4 In exceptional cases where the disclosure of information required in the GRSAC Report violates confidentiality or intellectual property clauses, the corresponding specific item may not be disclosed, provided it is justified in an additional comment to the respective table.

§ 5 The form of presentation of the information required in flexible-format tables is discretionary.

CHAPTER II OF THE DISCLOSURE OF INFORMATION

Art. 4 Observing the segmentation established in Chapter III of this Resolution, the institutions mentioned in art. 2 must disclose the GRSAC Report with qualitative and quantitative information referring to social risk, environmental risk, and climate risk, according to the following tables:

I - Table CRFRA-GOV: Governance of the management of social risk, environmental risk, and climate risk;

II - Table CRFRA-EST: Strategies used in the treatment of social risk, environmental risk, and climate risk;

III - Table CRFRA-GER: Management of social risk, environmental risk, and climate risk;

IV - Table CRFRB: Information on climate risk (transition risk, physical risk, and risk concentrations);

V - Table CRFR1: Transition climate risk – Exposures and emissions financed by economic sector;

VI - Table CRFR1 Agro: Exposures to the agricultural sector grouped by geographical region;

VII - Table CRFR2 Drought: Physical climate risk “Drought” – Exposures grouped by economic sector and geographical region;

VIII - Table CRFR2 Intense Rain: Physical climate risk “Intense Rain” – Exposures grouped by counterparty nature and geographical region;

IX - Table PTC1: Transition plan related to climate change;

X - Table RSA1: Exposures to social risk and environmental risk;

XI - Table COMP1: Commitments of a social, environmental or climate nature; and

XII - Table COMP2: Detailing of social, environmental or climate commitments mentioned in Table COMP1.

§ 1 The classification of counterparties by economic sector, when required in the tables mentioned in the main section, must follow the reference spreadsheet provided by the Central Bank of Brazil, established based on the codes of the National Classification of Economic Activities – CNAE, defined by the Brazilian Institute of Geography and Statistics – IBGE.

§ 2 In cases where a counterparty is associated with more than one CNAE code, the main activity developed by it must be considered for the definition of the economic sector adopted in the report.

§ 3 The link to the reference spreadsheet provided by the Central Bank of Brazil must be included in each table of the GRSAC Report where counterparties are segregated by economic sector.

§ 4 For the purposes of item IX of the main section, a transition plan related to climate change is considered to be the set of information disclosed by the institution describing the strategies implemented for the fulfillment, within a determined time horizon, of greenhouse gas emission reduction targets, including measures associated with its assets, its operations, and its business model.

§ 5 The requirement for disclosing information related to national or international pacts, agreements or commitments of a social, environmental or climate nature, addressed in CMN Resolution No. 4,945, of September 15, 2021, and BCB Resolution No. 331, of June 27, 2023, is considered met by the disclosure of the tables mentioned in items XI and XII of the main section.

Art. 5 The disclosure, in the GRSAC Report, of Table OPO: Business opportunities associated with social, environmental and climate themes, is optional.

CHAPTER III OF THE DISCLOSURE SEGMENTATION

Art. 6 Institutions classified in S1, S2, and S3 must disclose all tables mentioned in art. 4, except for information identified as optional in the instructions for filling each table.

Art. 7 Institutions classified in S4 must disclose the tables mentioned in art. 4, main section, items I, XI, and XII.

CHAPTER IV OF THE DISCLOSURE PERIODICITY

Art. 8 The GRSAC Report must be disclosed annually, relative to the December 31 reference date, observing a maximum period of ninety days after the said reference date, without prejudice to the provisions of the sole paragraph.

Sole Paragraph. The disclosure of the first GRSAC Report containing the information referred to in art. 4 is permitted within a period of up to one hundred and eighty days from the reference date established by the main section.

CHAPTER V OF THE FINAL PROVISIONS

Art. 9 The GRSAC Report must be available on the institution's website, for a period of five years, counted from the date of its disclosure, in a single, publicly accessible and easily locatable place.

§ 1 The information required in the GRSAC Report must also be available in open data format, according to specifications established by the Central Bank of Brazil.

§ 2 The suspension of the requirement for availability in open data format by express act of the Central Bank of Brazil, due to the need for adaptations to the specifications mentioned in § 1 or to the systems used by the institutions, does not exempt the disclosure referred to in the main section nor the fulfillment of other obligations established in this Resolution.

Art. 10. The GRSAC Report must be immediately updated and re-disclosed in the event of identification of inconsistencies in the respective information.

Sole Paragraph. The occurrence of an update in the form of the main section must be explicitly stated in the new version disclosed on the institution's website, remaining available for a period of five years, counted from the date of its republication.

Art. 11. The disclosure of the GRSAC Report is the responsibility of the director responsible for information disclosure, indicated under the terms of the regulation that provides for the risk management structure, the capital management structure, and the information disclosure policy.

Art. 12. Institutions classified in S3 and S4 may disclose the tables mentioned in art. 4, main section, items II and V to XII, to which they are subject under the terms of arts. 6 and 7, from the December 31, 2028, reference date.

Art. 13. The following are revoked:

I - art. 15 of BCB Resolution No. 139, of September 15, 2021, published in the Official Gazette of the Union on September 16, 2021; and

II - BCB Resolution No. 139, of September 15, 2021, published in the Official Gazette of the Union on September 16, 2021.

Art. 14. This Resolution comes into force:

I - on the date of its publication, in relation to art. 13, main section, item I; and

II - on January 1, 2027, in relation to the other provisions.

GILNEU FRANCISCO ASTOLFI VIVAN Director of Regulation