BRASILIA, Feb 6 (Reuters) - Brazil plans to propose
social diversity as a global criteria for labeling sustainable
investments at the U.N. climate summit it will host this year, a
senior official said on Wednesday, despite rising resistance to
diversity goals in some corners.
Cristina Reis, deputy secretary for sustainable economic
development at Brazil's Finance Ministry, told Reuters that the
government is already including racial and gender equality among
national standards for classifying investments as sustainable.
President Luiz Inacio Lula da Silva has worked to position
Brazil as a destination for sustainable investments, with a new
regulated carbon market and "green" sovereign bond issuances.
While some see the return of U.S. President Donald Trump as
a setback for Brazil's climate ambitions and global cooperation
to reduce greenhouse gas emissions at the COP30 in November,
Reis said the host country is undeterred.
"This international alignment faces setbacks over time and
across regions, but it follows a common direction that I believe
persists ... because we face an undeniable, life-threatening
challenge: climate change," she said.
Brazil has prioritized developing a national "taxonomy" of
sustainable investments this year, Reis said, and it aims to
propose some elements, including diversity-based standards, for
global adoption at the COP30 as part of a "supertaxonomy."
She said using diversity as a criteria to label corporate
investments as sustainable would be "a very feasible technical
and methodological path" for more countries.
In his first days in office, Trump pulled the U.S. out of
the Paris Agreement - the international treaty aimed at curbing
global warming - and moved to dismantle diversity, equity, and
inclusion (DEI) policies in the federal workforce.
Major U.S. companies, including Alphabet's Google,
Meta and Amazon ( AMZN ) have also rolled back their
DEI initiatives.