Títulos soberanos sustentáveis: arcabouço e taxonomia sustentável

Abstract

The aim of this article is to analyze the Brazilian Framework for Sustainable Sovereign Bonds in order to develop purposes for a Sustainable Taxonomy in Brazil. The research problem was: What purposes can be identified for a National Sustainable Taxonomy? It is justified by the fact that the framework, the basic source of the research, is a guiding document for the issuance of sustainable sovereign bonds towards sustainable development; a theme that is part of the debates in the scientific and business fields and in the context of the United Nations Conferences on Climate Change. In terms of methodology, the research was classified as qualitative, exploratory, descriptive, and documentary. Content analysis was used to interpret the information. The theoretical description covers social aspects, eligibility criteria, alignment with the sustainable development goals and allocation and impact reports. The results identified the confirmatory approach to be outlined as one of the purposes. It identifies the alignment of the Brazilian framework with the fundamentals of the International Capital Markets Association. In Brazil, the central bank has a Green Bond Taxonomy, but the country is moving towards the construction of a National Sustainable Taxonomy, but the country is moving towards the construction of a National Sustainable Taxonomy. Other purposes were the participatory; the entity; the control/management and the effectiveness, transparency, and equity.