Brazil CVM Voluntary ESG Reporting May Fragment Data, Amec Warns

Brazil's securities regulator CVM made sustainability reporting voluntary for public companies, a move Amec president Fábio Coelho criticizes as potentially reversing progress toward standardized, comparable ESG data. The decision could increase fragmentation in sustainability information, complicating investor analysis and assurance. The impact on capital markets is uncertain but signals a regulatory shift away from mandatory disclosure.