Sovereign sustainable bonds are public debt instruments backed by budget programs in the Federal Budget aimed at sustainable development and defined as eligible under Brazil’s Sovereign Sustainable Bond Framework, including actions and projects associated with environmental or social issues.
Learn more about sustainable public bonds
Brazil prioritizes socially inclusive development, environmentally balanced, and economically prosperous development. Rich in natural resources, the country stands out for its biodiversity, forests, waters, and renewable energies, factors that provide a solid foundation for sustainable actions. Equally important is the commitment to social progress, implementing policies and initiatives aimed at improving the quality of life of society and promoting social inclusion.
Brazil is committed to the sustainable development agenda and seeks to achieve the Sustainable Development Goals (SDGs) established by the United Nations 2030 Agenda. The country places a priority on environmental protection and is committed to reducing deforestation and promoting renewable energies. In the social sphere, it concentrates efforts on poverty reduction and gender equality, among other initiatives.
Policies and commitments on climate change, fair transitions to a low-carbon economy, and socioeconomic equity are reflected in federal budgets—and can be boosted by public and private investments.
It is in this context that Brazil’s Sovereign Sustainable Bond Framework is presented, which constitutes a guide for the issuance of sovereign debt instruments using resources backed by budget expenditures that directly contribute to the promotion of the country's sustainable development.
The framework reaffirms the country's commitment to sustainable policies and also converges with the growing interest of non-resident investors and the expansion of thematic bond market in the world, thus serving as a reference for an active and ongoing presence of Brazil in the international sustainable bonds market.
The framework reaffirms the country's commitment to sustainable policies and also aligns with the growing interest of non-resident investors and the expansion of thematic bond markets worldwide, thus constituting a reference for active and continuous Brazilian presence in the international sustainable bond market.
The framework was developed by the Sovereign Sustainable Finance Committee, involving joint efforts from various federal government agencies. The development of the Framework also received support from the Inter-American Development Bank (IDB) and the World Bank.
Message from the World Bank:
"We congratulate the Brazilian government for this framework for sustainable bonds, which demonstrates Brazil's commitment to addressing environmental and social challenges and will allow the government to diversify its investor base and optimize its financing strategy to meet its needs," stated Johannes Zutt, Director for Brazil at the World Bank. "As a global leader in sustainable finance and a pioneer in green bond issuance, the World Bank is pleased to work together with the government and share its knowledge and experience."
Message from Inter-American Development Bank:
"The release of the Brazil’s Sovereign Sustainable Bond Framework marks a significant step forward in Brazil's national finance and offers a unique opportunity for global investors. This advance will help to raise funds for policies that genuinely promote sustainable and inclusive development," says the Inter-American Development Bank's representative in Brazil, Morgan Doyle. "The IDB is extremely proud to have contributed to the creation of this framework and remains Brazil's partner in sharing technical knowledge and the best evidence."
Press Releases
- 11/14/2025 - Brazil publishes the second Allocation and Impact Report on sovereign sustainable bonds
- 11/06/2025 - Brazil announces third sustainable bonds issuance
- 11/08/2024 - Brazil publishes first Allocation and Impact Report of sustainable sovereign bonds issuance
- 06/20/2024 - Brazil announces second sustainable bonds issuance
- 05/24/2024 - Brazilian Government Releases Second Pre-Issuance Report for Sustainable Sovereign Bonds
- 04/17/2024 - Brazil wins international awards for best sustainable issuance of 2023
- 11/13/2023 - Brazil announces first issuance of sustainable bonds
- 09/05/2023 - Brazil launches Sovereign Sustainable Bond Framework
- 07/14/2023 - National Treasury grants mandate to banks assisting in the inaugural issuance of sovereign sustainable public bonds
- 05/17/2023 - Sovereign Sustainable Finance Committee
- 03/09/2023 - National Treasury's Statement on Environmental and Social Sustainable Public Bonds