Brazil proposes global diversity criteria for sustainable investments. Image: Yahoo
(The Post News)- Brazil plans to propose social diversity criteria for sustainable investments at the UN climate summit. The Brazilian government aims to align economic standards with racial and gender equality, apart from global resistance to diversity goals. COP30 will feature these initiatives against the backdrop of climate concerns.
Brazil’s proposal defies growing opposition to diversity targets in various industries and sectors. Deputy secretary for sustainable economic development at Brazil’s Finance Ministry, Cristina Reis, said the nation is already integrating racial and gender equality into its standards for sustainable investments. Brazil’s proposal defies growing opposition to diversity targets in various industries and sectors globally right now suddenly.
Trump has pulled the U.S. out of the Paris Agreement in his first days in office. He then moved to dismantle diversity, equity, and inclusion (DEI) policies in the federal workforce.
Reis stresses the need for a national sustainable investment taxonomy with diversity standards for global climate change mitigation efforts.
According to Reis, the international alignment faces setbacks over time and across regions. However, they follow a common direction that persists as they face an undeniable, life-threatening challenge, which is climate change.
Reis said that Brazil has already prioritized developing a national taxonomy of sustainable investments this year. This taxonomy aims to propose some elements, which include diversity-based standards for global adoption at COP30 as part of a “super-taxonomy.”.
Reis says using criteria to label corporate investments as sustainable would be “a very feasible technical and methodological path” for more countries.
In spite of President Donald Trump’s return, which may affect Brazil’s ambition at COP30, Reis has assured that Brazil remains committed.
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