Uma análise sobre os desafios percebidos e benefícios esperados na implementação das Normas IFRS S1 e S2 no contexto brasileiro

Resumo

This study aims to analyze the main perceived challenges and expected benefits associated with the implementation of the IFRS S1 and S2 standards in the Brazilian context, recently endorsed by the Brazilian Securities and Exchange Commission (CVM) and the Central Bank of Brazil (BACEN). The research is grounded in the theoretical debate on corporate sustainability reporting, financial materiality, and materiality perspectives, in light of the international movement toward the standardization of ESG reporting. The study adopts a qualitative, exploratory approach, based on semi-structured interviews conducted between December 2025 and January 2026 with a selected group of professionals directly involved in the implementation of the IFRS S1 and S2 standards, representing four distinct profiles: publicly listed companies, consultancies, independent audit firms, and investors. The analysis is complemented by the triangulation of findings with the results of the public consultation conducted by the CVM in 2025. The results indicate convergence among interviewees regarding the challenges and benefits associated with the adoption of the standards. The main challenges identified include: i) cultural change and leadership engagement; ii) difficulties in the financial measurement and quantification of sustainability-related risks and impacts; iii) operational challenges; and iv) the complexity of the standards and the implementation timeline. Conversely, the expected benefits are concentrated in: i) improvements in integrated risk management; ii) enhanced quality and coverage of quantitative disclosures; iii) strengthened reputational image and market positioning; and iv) advances in corporate governance. It is concluded that the adoption of the IFRS S1 and S2 standards in Brazil should be understood as an evolutionary process involving institutional and cultural adjustments, but with significant potential to raise the overall level of corporate sustainability reporting in the country.

Ficha do documento

Tipo

Dissertação

Ano

2026

Instituição

Fundação Getulio Vargas

Fonte

Repositório da FGV

Idioma

Português

Acesso

Acesso aberto

Identificador

oai:repositorio.fgv.br:10438/38849

Temas

GovernançaMeio Ambiente

Palavras-chave

SustentabilidadeRelatórios de sustentabilidadeESGMaterialidade financeiraNormas IFRS S1 e S2Administração de empresasEmpresas - Aspectos ambientais - BrasilContabilidade - NormasDivulgação de informações contábeisODS 17: Parcerias e meios de implementação