Scope
Brazilian listed companies (Formulário de Referência filers)
Brazil · rule
CVM Resolution 59/2021 (amended by Res 193/2023; Res 244)
CVM Resolução 59/2021; 193/2023; 244 (2025)
In forceApplies 2022-01-31
Penalties
CVM supervision and disclosure enforcement
Last verified
2026-08-22
In plain language
What this law does
ESG disclosure in the reference form — risk factors, key indicators, materiality, framework use (SASB/TCFD/GRI), assurance status, GHG scopes — with ISSB-based reporting voluntary after CVM revoked the mandatory phase in 2025.
Core obligations
Formulário de Referência ESG sections; comply-or-explain structure; limited assurance where reported
Dictionary
Terms defined in this law
- Specific datapointsCVM Resolution 59/2021 (Formulário de Referência ESG disclosures)
- Amends Formulário de Referência (Annex C to Res. 80/2022)CVM Resolution 59/2021 (Formulário de Referência ESG disclosures)
- Key itemsCVM Resolution 59/2021 (Formulário de Referência ESG disclosures)
Claims
Claims connected to this source
Reviewed claim links will appear here.