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Brazil’s Central Bank engaged with ‘green’ finances



Central Bank chairman Ilan Goldfajn said that Brazil is committed to the environmental issue and that his agency has stimulated debate in the national financial system, including on regulatory adjustments.

“Brazil is committed to creating an enabling environment for the development of green business opportunities so that we can transition to an economy that uses its resources in a sustainable way. And, I’m sure, there is a huge potential for business to be explored in this area, “he said in a speech at the EU-Brazil Green Business Forum, in Sao Paulo on Monday (Nov.27).

He also stressed the importance of maintaining dialogue in international forums, remarking that Brazil’s Central Bank has been following the G20 Green Finance Study Group, whose priority themes are: the application of environmental risk analysis in the financial sector and the use of publicly available environmental data for financial analysis.

“A ‘silent revolution’ is taking place, given the challenges of the 21st century, market players and regulators are aligned with the promotion of so-called green finance and robust and sustainable financial systems,” he added.