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.
Cachaça is the second most consumed alcoholic beverage in Brazil, according to the Brazilian Institute of Cachaça (Ibrac). The drink represents 72% of the distillate market in the country. There were $14.45 million favourable to the balance of trade, exporting 7.26 million litres in 2019. A study by the Ministry of Agriculture in 2020 showed that there was a 9.73% increase in the number of products classified as cachaça in 2019.
Casa dos Ventos has signed protocols of intent with the government of Bahia, through the Secretariat of Economic Development (SDE), formalising the objective of establishing four wind farms in the state. The company estimates that it will generate 9,300 direct and indirect jobs in the operation and construction phases of the projects.
The Ministry of Foreign Affairs reported that Brazil and the United States had held consultations on their bilateral trade in ethanol and had entered into a partnership in this area. As a result, the countries decided to hold result-oriented discussions on an arrangement to increase access to the ethanol and sugar markets in Brazil and the US.
Brazilian agribusiness exports reached $8.91 billion in August, up 7.8% from the same period in 2019, driven by a 16.5% increase in the volume shipped, particularly soy and sugar, the Agriculture Ministry said. As a result, agribusiness accounted for more than 50% of the country’s total exports in the month, according to a survey by the Trade and International Relations Secretariat.
The three oil and gas production contracts on a sharing basis prospected 29,000 barrels per day (bpd) in July this year, a result 37% lower than in the previous month. The retraction reflects Mero’s scheduled 20-day pull-out of the line, according to the monthly Production Sharing Contracts Bulletin prepared by Pre-Sal Petróleo (PPSA).