INTEGRAÇÃO ESG NO MERCADO FINANCEIRO: UMA ANÁLISE DAS POLÍTICAS ESG DE BANCOS LISTADOS NA B3

Abstract

ESG (Environmental, Social, and Governance) is a set of standards used to assess sustainability performance within organizations. These practices are increasingly expanding across the market and are being adopted by various sectors. In this context, the financial sector plays a strategic role in promoting sustainable actions throughout the market by performing key activities such as financing, capital allocation, asset distribution, and risk management, among others. Thus, banks are fundamental institutions in advancing the ESG agenda, serving as references and influencing other organizations. Accordingly, the general objective of this study is to examine the PRSAC (Environmental, Social, and Climate Responsibility Policy) of five banks listed on B3, identifying and comparing their ESG practices, material topics, prioritized SDGs, and ratings from international agencies. A qualitative approach was adopted as the methodology, based on document analysis of public official reports online, in addition to data from the MSCI and S&P rating agencies. The main findings reveal convergence in the Social and Governance pillars, while the Environmental pillar receives less emphasis from the institutions analyzed. Regarding prioritized SDGs, Goals 8, 9, and 12 were the most frequently addressed. In terms of ratings, banks with more robust and mature policies achieved higher scores, with Itaú and Banco do Brasil standing out. Despite significant progress in ESG incorporation, gaps remain, particularly within the environmental dimension. Therefore, an integrated approach is essential for further alignment with the 2030 Agenda.