A utilização de critérios ESG na concessão de crédito e a responsabilidade socioambiental das instituições financeiras
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Tipo
TCC
Data de publicação
2022-06
Periódico
Citações (Scopus)
Autores
Zaccarias, Haidê Iraí Scatamacchia
Orientador
Almeida, Washington Carlos de
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Resumo
As instituições financeiras possuem um papel importante no desenvolvimento econômico do país ao intermediarem a circulação de capital para as atividades e operações de seus clientes. Caso sigam os princípios ESG, podem contribuir com o desenvolvimento sustentável e com uma conduta de um mercado socialmente e ambientalmente responsável. Os impactos diretos ao meio ambiente estão associados às suas próprias instalações, uso de papéis, equipamentos e energia, e são relativamente baixos, no entanto os indiretos podem ser significativos caso não se tenha uma diligência em relação aos riscos sociais, ambientais, climáticos e de governança das empresas avaliadas para a concessão de crédito. No âmbito internacional existem iniciativas voluntárias que visam um papel mais ativo dos bancos nas questões ambientais, como, por exemplo, a United Nations Environmental Programme Finance Initiative (UNEP FI), os Princípios do Equador (PE), entre outros. Em 2014, o Banco Central do Brasil aprovou a Resolução nº 4.327, que trata sobre as diretrizes da Política de Responsabilidade Socioambiental para instituições financeiras e em setembro de 2021 foram divulgadas novas diretrizes que fortalecem as regras de gerenciamento de riscos sociais, ambientais e climáticos, a elaboração da Política de Responsabilidade Social, Ambiental e Climática (PRSAC), e a regulamentação da divulgação de informações, quais sejam: CMN 4.943, CMN 4.944, CMN 4.945, BCB 139, BCB 140 e BCB 153. O presente trabalho pretende mapear os diversos riscos associados às questões socioambientais, como são internalizados os princípios ESG nas análises de crédito das instituições financeiras (custo de capital, fluxo de caixa, volatilidade) e a responsabilidade civil das instituições financeiras decorrentes disso.
Financial institutions play an important role in the country's economic development by intermediating the circulation of capital for the activities and operations of their clients. If they follow ESG principles, they can contribute to sustainable development and a socially and environmentally responsible market conduct. The direct impacts on the environment are relatively low, however the indirect ones can be significant if there is no due diligence in relation to the social, environmental, climate and governance risks of the companies evaluated for the granting of credit. At the international level, there are voluntary initiatives aimed at a more active role for banks in environmental issues, such as the United Nations Environmental Program Finance Initiative (UNEP FI), the Equator Principles, among others. In 2014, the Central Bank of Brazil approved Resolution No. 4,327, which deals with the guidelines of the Social and Environmental Responsibility Policy for financial institutions and in September 2021, new guidelines were released that strengthen the rules for managing social, environmental and climate risks, the elaboration of the Social, Environmental and Climate Responsibility Policy (PRSAC), and the regulation of the disclosure of information, namely: CMN 4,943, CMN 4,944, CMN 4,945, BCB 139, BCB 140 and BCB 153. The present work intends to map the various risks associated with socio-environmental issues, how the ESG principles are internalized in the credit analysis of financial institutions (cost of capital, cash flow, volatility) and the civil liability of financial institutions resulting from this.
Financial institutions play an important role in the country's economic development by intermediating the circulation of capital for the activities and operations of their clients. If they follow ESG principles, they can contribute to sustainable development and a socially and environmentally responsible market conduct. The direct impacts on the environment are relatively low, however the indirect ones can be significant if there is no due diligence in relation to the social, environmental, climate and governance risks of the companies evaluated for the granting of credit. At the international level, there are voluntary initiatives aimed at a more active role for banks in environmental issues, such as the United Nations Environmental Program Finance Initiative (UNEP FI), the Equator Principles, among others. In 2014, the Central Bank of Brazil approved Resolution No. 4,327, which deals with the guidelines of the Social and Environmental Responsibility Policy for financial institutions and in September 2021, new guidelines were released that strengthen the rules for managing social, environmental and climate risks, the elaboration of the Social, Environmental and Climate Responsibility Policy (PRSAC), and the regulation of the disclosure of information, namely: CMN 4,943, CMN 4,944, CMN 4,945, BCB 139, BCB 140 and BCB 153. The present work intends to map the various risks associated with socio-environmental issues, how the ESG principles are internalized in the credit analysis of financial institutions (cost of capital, cash flow, volatility) and the civil liability of financial institutions resulting from this.
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responsabilidade socioambiental , instituições financeiras , sustentabilidade , social and environmental responsibility , financial institution , sustainability