Last week, CVM Resolution No. 244, dated May 29, 2026, was published, amending CVM Resolution No. 193/2023 and removing the permanent requirement for publicly traded companies to disclose financial information related to sustainability.
With the change, the regime becomes entirely voluntary. However, companies that choose to disclose their information are obligated to maintain it for at least three consecutive fiscal years, and must notify the market of any interruption one fiscal year in advance.
Starting January 1, 2027, companies that choose not to disclose their financial statements must publicly justify this decision, using the "comply or explain" model, through a statement filed with the CVM (Brazilian Securities and Exchange Commission) along with their annual financial statements.
The international accounting standard remains intact: those who disclose information are still required to comply with the standards of the CBPS and the ISSB, preserving the reliability and comparability of the information.
Check out the full text of CVM Resolution No. 244/2026.
Our Corporate Law and Capital Markets team is available to answer any questions you may have on this topic.
