The taxonomy would inform certain mandatory requirements in the jurisdiction, with particular relevance to Brazil’s capital markets and financial sector.

By Austin J. Pierce and Melanie von Staa Toledo

In late 2024, Brazil published a draft of the country’s proposed sustainable taxonomy framework (the Taxonomy), which the country aims to make mandatory in some instances by 2026. Similar frameworks have been published by other jurisdictions, including Colombia, the European Union, and Mexico. The aim of these frameworks is to establish…