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BM&FBOVESPA’s Board of Directors has approved the company’s Sustainability Policy. The Policy is structured into four pillars for action – Market, Environmental, Social, and Corporate Governance – covering both internal management and relations with the company’s various stakeholder groups.
“This Policy reaffirms the strategic importance of sustainability to our company,” said Edemir Pinto, CEO of BM&FBOVESPA. “It will be an internal and external driver of progress on the sustainability agenda, informing our activities both as a public corporation and as an inductive agent of best practice in the Brazilian market.”
In the Market pillar, the document formalizes and orients the Exchange’s commitment to maintaining secure and efficient systems, offering innovative products and services that add customer value, and encouraging the adoption of sustainable practices by listed companies.
In the Environmental pillar, BM&FBOVESPA pledges to leverage Brazilian market growth by offering products and services with an environmental focus, and to minimize the impact of its own activities. The Policy calls for the adoption of eco-efficiency programs in its facilities, and the promotion of good environmental practices across its value chain and among other stakeholders.
In the Social pillar, the company continues to focus on attracting and retaining talented people, encouraging the pursuit of improvements to the quality of life and development of its employees, and fostering good social practices across its value chain and among other stakeholders. The Policy also formalizes its commitment to promoting private social investment and encouraging volunteerism.
In the Corporate Governance pillar, the Policy reinforces BM&FBOVESPA’s role in promoting and inducing best practice in transparency, accountability and efficient risk management.
Internally, the company has two spheres of governance that are responsible for managing the Policy: the Sustainability Committee, comprising the CEO, executive officers, officers, and an outside member, whose remit is to provide strategic guidance; and the Sustainability Commission, comprising the Sustainability Officer and managers, whose main duties are to conduct the agenda on a day-to-day basis and disseminate sustainability culture throughout the organization and beyond.
The Policy’s launch to employees on July 10 marked the onset of a major initiative to develop awareness of sustainability and engage with all areas of BM&FBOVESPA on the theme. The initiative will involve 15 areas of the Exchange during the first phase, which lasts until end-2013.
Read more about BM&FBOVESPA’s Sustainability Policy.
