Monday August 21 2023
News Source: Global Exchanges
Focus: Derivative Market Segment
Type: General
Country: Brazil
Brasil Bolsa Balcao S.A. (B3) announced the launch of B3 Diversity Index (IDIVERSA B3) on 15th August 2023.
IDIVERSA B3 enables the creation of products that are exposed to companies that stand out in their sectors, aiming among other things to assist the evolution of gender and color or racial representativity in the workplace.
This initiative underscores B3’s commitment to be a motor for ESG best practices and to promote equitable business, in recognition of the importance of boosting diversity within organizations.
IDIVERSA B3 is an instrument that provides increased transparency in regard to companies’ representativity metrics. Its purpose is to be an indicator of the average performance of listed companies classified in accordance with the Diversity Score, developed by B3, which considers the data available in items 7.1 and 10.1 of the Reference Form (FRE), in accordance with the Securities and Exchange Commission (CVM) Resolution 80, dated March 29th, 2022.
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