Applying international best practices in issuing green and thematic bonds is critical to expand the growing Brazilian green bond market further. Brazil is one of the largest agricultural producers globally and, therefore, one of the largest holders of assets that might be financed by sustainable finance. Renewable energy is the largest Use of Proceeds (UoP) category in the Brazilian green bond market.

Climate Bonds Initiative (CBI), with the support of the GB Moore Foundation, has released Sector Briefings with spotlight in Brazil for six relevant sectors: Agriculture, Transport, Livestock, Forestry, Bioenergy, and Solar Energy. The Sector Briefings aim to address the need for more significant guidance and technical assistance for issuers to come to the market with credible deals. CBI also identified the need for improving the understanding of Brazilian issuers on the Climate Bonds Standards and Certification Scheme, particularly the applicability of sector criteria in the local market.