BRAZILIAN FEDERAL GOVERNMENT CREATES INTER-INSTITUTIONAL COMMITTEE TO DEVELOP BRAZILIAN SUSTAINABLE TAXONOMY

On March 25, 2024, the Brazilian federal government published Decree No. 11.961/2024, establishing an advisory and deliberative group, the Brazilian Sustainable Taxonomy Interinstitutional Committee (“CITSB”), which will coordinate the development and implementation of the Brazilian Sustainable Taxonomy (“TSB”). The TSB will establish a classification system for sustainable projects and activities, providing standardized terminology for companies, financial institutions, investors, regulatory bodies, governments, and other stakeholders, thereby harmonizing investment decisions and the development of public policies.

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