meta_id 3462883

On September 3, 2026, the Central Bank of Brazil (BC) approved an enhanced standard for the Report on Social, Environmental and Climate Risks and Opportunities (Relatório GRSAC), which regulated institutions must disclose. The updated framework expands transparency regarding how institutions identify, monitor and manage risks related to social, environmental and climate matters. The new GRSAC model incorporates standardised metrics and indicators alongside enhanced qualitative information already required. These additions enable greater comparability across institutions, fostering a safer and more reliable environment for managing such risks and supporting market discipline and financial stability. The disclosure requirements address physical and transition climate risks, social risks and environmental risks. The framework also standardises how institutions report voluntary targets and commitments related to these areas. The BC developed the requirement based on international best practices recommended by the Basel Committee on Banking Supervision and conducted an extensive public consultation involving representative entities, regulated institutions, civil society organisations, researchers and citizens. Alignment with international practices enhances the attractiveness of responsible investments and reduces costs by expanding information availability for investors, clients, analysts and other market participants. The measure reinforces the BC's commitment to promoting sustainability and preserving the soundness and stability of Brazil's National Financial System. The new report represents the second phase of the regulatory framework's enhancement process and forms part of the BC's strategic agenda. The new rules enter into force on January 1, 2027, with a gradual implementation schedule for information disclosure based on the size and profile of institutions. REFERENCES: Central Bank of Brazil. "BC aprimora divulgação de informações sobre riscos sociais, ambientais e climáticos pelas instituições reguladas." Published September 3, 2026. https://www.bcb.gov.br/