At a time when global demand for investments in “green causes” is increasing, Brazil has a total of 50 sustainable and green emissions in the securities market, totalling $8.1 bn. By issuing these papers, companies commit to investing in projects that generate positive environmental impact. The majority is linked to forest exploitation (38%) and renewable energy generation (24%).
The social impact technology companies of [BVM]12, a developing stock exchange in partnership with Banco Maré, will have ESG certification. To certify the companies are correct, the new exchange aims to assess the social impact of these companies through digital research, using artificial intelligence and blockchain. All companies will have to meet the governance model to be on [BVM]12.
The Gross Value of Agricultural Production (GVP) in 2020 is expected to be R$771.4 ($148 bn), 10% higher than last year, according to the Ministry of Agriculture. Based on the sector’s performance in August, crops resulted in R$519 billion ($99 mm), equivalent to 67.3% of GVP, and livestock, at R$252.3 billion ($48 mm), or 32.7% of GVP.
Mining company Vale said it will close the manganese ferro-alloys operation at the Vale Manganês plant in the city of Simões Filho (BA). The demobilization process is expected to be concluded by the end of the year. “Vale Manganese has tried all viable alternatives over the last ten years to keep the operation self-sustaining and competitive in the market,” the mining company said.
Atlantic Nickel, of the British private equity fund Appian, will invest $335 million from 2026 to install an underground sulphated nickel mine in Itagibá, in southern Bahia. The investment is expected to be made in the first five years of the project’s development, according to the Economic Recovery Plan (PAE), which will expand the operations of the Santa Rita Mine to 34 years.