Brazil’s CVM makes ISSB-aligned sustainability reporting voluntary
Brazil’s CVM revoked the mandatory path for ISSB-based sustainability financial reporting for public companies, making the regime voluntary for fiscal years beginning January 1, 2026.
BY ESG DESK · JUNE 5, 2026 · 1 MIN READ
Brazil’s CVM revoked the mandatory path for ISSB-based sustainability financial reporting for public companies, making the regime voluntary for fiscal years beginning January 1, 2026. The shift creates a strategic disclosure choice for issuers and counsel: whether to keep reporting for investor positioning, and how to manage opt-out notices, assurance and the three-year continuity rule for companies that opt in.