Monday April 14 2014
News Source: Global Exchanges
Focus: Holidays and Opening Hours and suspensions
Type: General
BM&FBOVESPA begins the 2014 “Report or Explain” Cycle with a new development: in an process aligned to the international trend of integrating financial and non-financial information in annual corporate reports, the initiative is now named “Report or Explain for Sustainability or Integrated Reports” (the previous description was Report or Explain for Sustainability Reports or Similar).
BM&FBOVESPA expresses support for the International Integrated Reporting Council (IIRC), whose mission is to create a globally-accepted model for integrated reporting. This support dates back to the start of the movement, when BM&FBOVESPA hosted a visit of the IRRC board to Brazil, in November 2011.
“Report or Explain” is a recommendation that was launched by the Exchange in December 2011 in partnership with the Global Reporting Initiative (GRI). It seeks to ease market access (in particular that of analysts and investors) to non-financial information, which has an ever greater impact on investment decisions.
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