Itaú Unibanco, the largest private sector bank in Brazil, and one of Latin America’s largest financial institutions announced today several milestones in advancing its ESG disclosure efforts, with the release of the company’s Integrated Annual Report 2019.
The company announced that as of this year, it will adopt Sustainability Accounting Standards Board (SASB) indicators, a voluntary report based on major ESG parameters for companies. The SASB Foundation is a non-profit organization, established with the mission to establish industry-specific ESG disclosure standards for companies. The standards set by SASB are designed to enable investors to assess the materiality of reported sustainability information, and to compare companies on these metrics on a global basis.
Itaú Unibanco also announced that the company’s Sustainability Report will now be incorporated into the Integrated Annual Report, consolidating the most significant ESG information in a single document. Accompanying the Integrated Annual Report, the company is launching the “ESG Further Information” report, as supplementary material with more in-depth information prioritized by the major ESG reporting indexes, ratings, and frameworks in Brazil and globally.