Brazilian National Treasury: Press Release on Sustainability Government Bonds

The National Treasury has been making efforts to build an ESG framework, which will serve as a reference for an active and constant presence in the thematic bonds market for the coming years. The initiative asserts the country's commitment to sustainable policies and converges towards the interest from non-resident investors and expansion of the international market for labelled securities. The main objective is to introduce a sustainability bond, that is, one that combines environmental and social aspects in the same instrument, within the operations of the External Federal Public Debt.

National Treasury's readiness include ongoing dialogue with other countries that have already developed a sustainable framework and the establishment of a working group within Federal Government, with the support of the World Bank and the Inter-American Development Bank. Currently, the working group holds discussions to define guidelines and potential projects eligible for the sustainable framework.

There is still no estimated date for the release of the framework. However, the expectation is to conclude the process in time for a sustainable issuance in the course of 2023. In the meantime, the National Treasury will maintain its traditional debt operations according to the Annual Borrowing Plan, seizing favourable opportunities in the international market.