Resolution CVM 59/2021 on fiduciary duties

Resolution of the Securities and Exchange Commission (CVM), which establishes the obligation for companies listed on the Stock Market to consider the application of the climate risk factor in the business and to report specific risks. Regarding environmental, social and corporate governance information, the issuer must indicate whether its annual report takes into account the recommendations of the Task Force for Financial Disclosures Related to Climate Change (TCFD) or recommendations for financial disclosures from other recognised entities that are related to climate issues. The securities issuer must also state whether it carries out greenhouse gas emission inventories, indicating the scope of those emissions.