Consultas da SEC reforçam a adoção de princípios para orientar a identificação de fundos de investimento sustentável
SustentabilidadeClima
Em relação às regras que procuram atestar a identificação de produtos que podem ser considerados ASG, a SEC americana deu passos importantes no final de maio, com a divulgação de duas consultas. A primeira delas propõe aprimoramentos na regra conhecida como Name’s Rule que, em linhas gerais, condiciona a atribuição de acrônimos ou expressões na identificação de fundos de investimento a uma alocação mínima de 80% em ativos na respectiva carteira que justifique tal denominação. A consulta divulgada em 25/5 e com prazo até 16/8, propõe:
- Ampliação no escopo da regra que passaria a se aplicar a fundos cujo nome sugere emissores ou ativos com uma determinada característica, passando a incluir fundos que usam ASG no nome;
- Reenquadramento de fundos atualmente desenquadrados em relação ao percentual de 80%, em muitos casos em até 30 dias;
- Maior transparência sobre os métodos utilizados para que o nome do fundo mantenha sincronia com seus investimentos.
Por fim, a consulta também esclarece que o uso da terminologia ASG no nome de um Fundo em que tais fatores (ASG) não tenham um papel central em sua estratégia – ou seja, em um Fundo que integra - seria considerado enganoso e incorreto do ponto de vista dos investidores.
A segunda consulta trata de aprimoramentos nos requisitos informacionais para consultores de investimentos e fundos, relativamente às suas práticas ASG. Tais requerimentos são distintos conforme a classificação por tipos de fundos, a saber:
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3effhJePLDnjrRWyTMtDt1eDFG0WGOUf1UgUSNG65KOpnSSi1NsN1JH9J6w/dyxba5TsuulAipq4UgsTVSUySBU6kaa4GK81LMnWFcejbjftGwOYldKGWZdAVRKfoOdzJFmDx/vZfqOq3CIruo32irZk8v2Qr/GVFsGmGm3akbLyYdbYzqpwokBt1wXdKVTGtpgu1O+pjWfd/LFdtmgZZMfa2SvhYBiS3rEKSWGZmrKKcIE9NYCWRUraXUM1oMER5GZ5P7aQMNm5PYhVIeSjpo9h4vQ0yYOmP84+Lpq2CAKT79i0/VXFAL3pUlFzD+wXOcEjVMbqlUsgryCNjDpHWcr8Rrd+rZixpZh7rNzEtDFEE3LEg6jQlcryWD7U+aHgZab/oOvRYqts0KLfVN2/eFClaLFJvRAf8psu+8cYroiRtubTRTBvV5sVLKaHYIBLF9NhXuy6ub1NA/oSMo5aGkC5shM56+KsPUo3qBRJVhbkENFBtgv2QMF2HW0VightmtNIe9ZPUs7qAU00haPv62jNudevaiRtGhiZEnMg9hg65ZkXQLtEzBbpzvI1pv+F6t2DYrtNQgdPCuFik2I/XHT0OZpTIK6BTRM5yH1JinrJjzkuYOeEbNEAhi52wq8FI2bJzQAZRyT6hFcKrXohNLKXR7liTdjZjU+nTuUkstvdcGpbyBUJNJRXnTi4ebc5dJt4EX8BV4Ae8zmVRPeO2hL3xehLtMug28gK/AC3if2aTCq4YX1Pguk24DL+Ar8AJ+29xl0r1SXMtlUEoXaogn3Tpcy2VQShdqiCfdOlzLZVBKF2qIJ906XMtlUEoXaogn3Tpcy2VQynOEOrbY31W8/0Y+c37Ltw1vm3Sz8zPSH3tL+oDVuve257TEB5y4vY7JN6H5QaObQym3ki5oxbhEtSgbvot1QMPzCvizj5++/2IrweeC3mIu6QKXhLU7vyO84QK+6MPXx0V/mwX8/Ie/r5+cwIcz332QOX/yJT4NZb4edHtCgr/7sPWhjnOCnko64ZKwdud3IW+tgC8K47job7KAwxz1w8fmixRm8z45KeippAu8mJaPXMAXiP4mCzhEpd+LMLct7UTlhgQqyTeqIA7/YlIbq2XiWxg4E8FYGzqWqU0IpyJ9XSSPWdoEjgWND3bJwaOreU4lXeBYWHGC2/PrCGeF4Ybmk0yyXg21WZTXWpnBkkeh52iCCS0xfUSWQ+1IQo6JDsLhkAFQRGteJYwypDHMmQmkPbVurey56bTyZMhmdnPJArOUciPp3svyIvCPryUL7fNXXodU1hWQhTzjX41GYu4vfzpaV9O0CWE68RvVdu3TwiZwKGh8VxOnsh9fy0TSgWNahgNQcHN+2K+Es8LQAaSHSUifMFyeb7Mor7EyPqOjPGjtaIIpLePzSAoVm5Uk5JDoShAxzAxfljG1FGVIY2TdhLyXBS+tzLnpterJEGwBS59gcGSBWUrZTzosFBDXDMDpYxQtMnBccCAtPMBoZK9eLbO/JEFladoEs2In6Nlwcxj0aHnWlqmkOxiWmUagOz/dTxtoyMIkO9NXl4RI89WZKo1V8llG0nU0wZSWWsBm+rpZHlNM8yiBgy5yHD1yLSVfaQwA3RLYM1JGcMgkrbqNsDXFWhSwHB2npEAp+0lHb5h38AcF8Awsz8bUg4hVfO5Lz4HsLxHER/ZJGRA35JmutrRtgj7v814v0LNh/1HQPDG9UbeYSrqDYRVXD1jX8+sKl4UppKeJHDfztWlkRtDeyWcRSd/RBFNaIgGKUHXTHsP+QdGJiogrXq6lnNIcQynzBHtG8AiO23PTac0qFwUsfeJjEWUDpewmnUb/hO/xCU9fheeE9ATWmUQwQBTx73Y06ZktbshzV21p24ReAdc2B4PG/xQC4Wx14+swlXRHtYzKgd78usIZYaz0NJHjZr51ARsr69NG0nc0wZSWmKcJNW4W4YNLEpgimuc4pARlSGMoZVfsGcEjOJ7PTbc1aXxGAevMwytvcSSIIOmmPHuWpzY+nYVNRKl/t6Ppil5b2jbBFnAcs7Y5GLQ+DYNufB2mku6wllHBrfl1hSue2bL0TFWtO3YL7UnNOEKyKgdjJIG+owmmtMQ8TahdScDTUdGFfgFThjRG1q3aU8Fbq24B59YYatzEoDEZ9bGIsoFSdpNOhwmkgXO2ZM/6NJfGierJ3+1o0tNg3BDdakvbJmQt8pi1zcGgjZjd+DpMJd3BsEBo2J5fV7gsDIjS856tTh5xbRQsrMrBxJHQdzTBlJaYpwm1Kwm4QPSYXZhqUcDolMYos93siXXPKp+bbitGAusLOD5V5ffccCTuRs96StM4MST5uxNNzA1uwEljadoEq0Uas7I5GHR6Gu6MusFU0h0MCwTltufXFa4q4CS9msh7T2a+eoKaEao3sUA8l31HE0xpqfM0oepmeUy4RHQRUbrhDgPi5Qu3yBDHMLqVe0bw4rg5N71WHgqYQWMy6qMOtQWl7Asl4wTef/O5rm2o76g9fYVR44f1IEp4qRBur7iQZ1rQEyH0o3mSu5vRupqmTcha5DFrm4NBa7ed5VlbJpPuUFhRue35xf1CuCxMKT1GrVdD1ZwpRiittCk6Al1HE0xqGcIwocbNQhI1ZJQ7out0BLPkLCb+Xv7bnWSIYxjdAmaPgjdWpoB7rYgE5EEPp6RAKXtCpSc2EUL+9ZzeucCtSRpa3qDXdUjleIgi/UUIG9FIL+yFJx3e47SWuU0wWuQxK5ujQev40m0jvoappDsaVlRuc35d4YwwhfThUDDVjwym+TJnzAjGyvrkoqyg52iCKS21gK0uHUmEI6I/5QI2S85iulwlljLEMYxuPKp7KnhrZc4N3Ep4pjWdeTvo0ZQUKGVPKKdgKumcgvvRUqvkZuC/6EuhlJ50Q+4n6V4/d6Nler18Iz4zV9w1UEpPuiF3k3RvgLvRMtw3c+s26EvxlVBKT7ohd5N0b4AH1TK8Dvdb6BfjQZPuFFzLZVBKF2qIJ906XMtlUEoXaogn3Tpcy2VQShdqiCfdOlzLZVBKF2qIJ906XMtlUMolQvEjMg3p84vgSdYJxK9179JzVjo6wuU9NplMOnzOhttXsD0RbYH7wWyXibHpaHuE8gMTU1oum8ZlbGX3iFG41/ollLKfdBdyqIDfffjR07/64ekFzP/QX95jk6mkC97n/oGwPRG0qPsto8vF2GfT0fYIL1zAmycXl5O4lZ5i8bnLapgqIQ9/BGQU7iso4AJZ2fMz85nkLSbndVjfxLkFPDmdEfvuLxdjOQsL+Bo2FTi+7Gwl8TJNJzODUi4RammSTjrzAjZ4AW8pcMGys5XEr6KA+e0MnaKeArm50Mtn+uqGIN+vaJYdxXdDwiHtmezDBrey6diZAEchGlrz2ybyp/YkY8jY6NGu0pnMjTP20C01K5hJOiiRhoFzLijaxpYVBgwvqx/43MQtLdG9GkXZk6c4NWk2mrUDqUN7uoXnj5+G4HAwBi1tJoTyTBv7PEZ2J8xoqa4a3bqjxsCiAmaWSvClX/cxL3H0+0OWTkImjzmVNk5oI1aOzvitAzsMpewJhZUNZElNc0bzgpixEcTvMoZQ8CVMaICDsoqm9qQ9jurXLrPp2BlQLaQFz5JZ+tYTnyDRIygmawDkVTqzeXYWe5j4SqaSjs+zxjkXFG1iK5ctTfPhRGAb2kzcaFH32MQY5eKlRoysWTlQEVk63QBflNXKT0HX0nFIbcj2eYzsTpjSEq4a3bqjpsC2Tm6QF8fCFoQJqDsLLNrshkeTShsntBarik79NoEdhlL2hGKIEpr4zadAtlIj0Of1atlRPRgo7PUodpPpAWeAWqhOcQUTyd3WEzfQo12uNrnNzmIPE1/JVNKxwoxzLijaX0E0baU45IgKgbNh4saDKeAkO8AhI0bWDKBZsJFhM7WEsaRLGXRoMyGkIdmQ7PPB7E6Y0pL+xL3RrTtqCozHzSwBtuJBVJJsiCOLGlQJGT2mA1snlNElsYCJTv1WgR2HUvaESk8IbQHLswkbBc0spEWcl1ntEz2jfTyKp75sOnImfxiCXpCRgprLXU88hB4aeXws3BpnetTEJ38MU0mnQ1jnKmoTm5K20nzEQrvD1sSNfWwZowQ8WTGiZmjV5kAbGYyBjoXLhw06h5CHNA35QoYxsjthSku4Un/xMQzQGzUHtnFy6Uo1CFdJ2cI1VS6MLOjYS2ZqMkc3zYGtE4pNc76Aic4qmAI7DqXcSDq9V6/PKOKKjQKnIaHgzfhAqqoAetI+Hg1POdl07AwtjRY69y+sXfREL+ihkcfHwq1xpj1MfPibmUo6O4Q63zrfIG/F+YiFnmZ0NHGjL7awGccg8GTFiJopcaA2Mg1J0LGaJM0h5CFNg62SGGViSku4Un/xMQzQGzUHplt2loI+PT6lRTmC2J1lZ9lLZmoyR4/aVDLa2MCwac4XMNFZBdusG0Ipu0kn48qtgD2j8jTFpyZtFDhnnSKPpaBiT7U3oWbTwMCZUmuhxStrITWeOA566PjxsXBrnGmPbSmnks4Ooc63zrfEHxUGOp80EZXHxI0WbLHdTI6erBhRs3KgNjIYA1MaFxdwGiO7E6a0hCv1Fx/DAL1Rc2C6ZWcpPKF03w2Wne0npPqyqbRxQrFpzpeJLvmtA7sAStlNOqE8o/qUFWeWxmtvMgKML6CzCQT7eDQInU3BrjOl1eLjp3I32PHEQ+ih48fHwq1xpkdNfPLHMJV0cYjsfON8VwoDmY9YvPvwk/CEj9hN3Oircshmkt14smJEzcqB2sjUWNCxcFq2CphD2gaxN2Nkd8KUlnCl/uJjGKA3ag6sf3K1lAIpH0Rq9US3gX5CRo/pwMECztEVfsvALoBSdpNOkLAQAp6nNN44sxizzjs8IqoUQ6xI7S+IvR4VR8ZU2HcGKi3k8XfkbrDjicqih44fHwu3xhl75PgqppKO8RrnnG4dmw6cFAZiKhbmkwUmbvRV99iMshtPnI2OQs2qgUxkMDOXJX1DBtcaG7QJIQ4ZG6K9GUPHjkxpCVfqLz6GAbqjpsCogJllIOaBvics4EjcrbSpElKd2FQy2tjAsJnFaqI7702stKQmHsKrerkGhHjDfX+4mRgvO4otWe1TplCvzynzTqZH1zCttBD9fg+/Yt96orLoEdXUx8KtccYeJr6SqaRjvMb5xvlGIxQGaT5igX9q6qIOOwXMMezipZyOjkLN6oFyZBgPp1sJ1yl5tpV4Nwo4Dhkbor0ZQ8eOTGkJV+ovPoYBuqOmwKiAmSX2mFjDJYg7CWk9aioZbWxg2MxiFdGVflNgl0Apu0kndxgSnozHBS/lzfa4XOZw2VFs5SnQHmmI9mx6wJlQaRF45htcrSc5woyKaupj4dY60x42voKppIvxZudb51uiUIVBnA8s8Aly1NdOAevkSk86NW2OmlUDmWnn0w3CWKGc0WejgNOQsSHa5zE4NpnSEq7UX3wMA3RHTYFhI9gWJzddn6WS5OMVTCZxFoitFKSX3cFjOnCwgNGB0Rm/W1k3hFJ2k86xTCXdEjQrYqbcDE2+4xywP0HLS6N8K1DK05Lu7XBC0l0IczRdOG6EF/A9QylPS7q3wwlJdyFPeL2lH/W5IV7A9wylPC3p3g4nJN2l4PXWzRPVC/ieoZTnJd2b4YSke1hcy2VQShdqiCfdOlzLZVBKF2qIJ906XMtlUEoXaogn3Tpcy2VQShdqiCfdOlzLZVBKF2qIJ906XMtlUEoXaogn3Tpcy2VQShdqiCfdOlzLZVBKF2qIJ906XMtlUMrTheK3cV4x95N00DJ92a2GX3nYp+mNL8Zw+1JC3yM/lmN4KS31u2jKUglO4kDVUModoWRegcmpeQELC7VcW8D529iXc/THcgwLtLxGyuIL8yslOItFBSxO+CXnq/ECFm6h5aECrpk5PUd/LMewQMtrpMQasFvcY4YeiIlSDpMuPEHFbztfxT3KcxkLku4mWt68gK9ggZZrpDTcY4YeiIlSlkI957UJshOzlkXIEH4pVf7EQ52fMAHS3vxSSlw9ASsRhCb+MMWu/2hDYlc4U2+dCFLbLFcm3VlaSp3mjvolf9SuFjAWmIAr2UKrlQ9GoZOeBiiJYZJaWz8Ukt319M/xpxPc5Totr5QyzjtHDhZIUCTkFenYtmf98pk2BztQylooM0pUCq8RsIyPfHMr6mZ/1iRMTBbtyr8qAdAvxB3ss6ksv5d+aEV++4I/TLHrnzYkdcVGXOyvisC0zXJ10p2jpeRf7lgXsLToxSn/koeVT7NXHKn3mClJra0fCun+bEnq1Z7gPldpea2UnEqOXFkggVW0J8coHZv2HDQs66rpQSmtUPpklDpEpTCE+Q0T2ZK2/OMS/Z8J0SdFXXsv9xab1BjQXvv+aUNSV92AyyYC0zbLVUl3npZyMHesChgueFBAg5WPByQabGpgRi0a98PQ3tG76dWe4D7XaHm1lM28lRUSGM/aMW3Awygd2/YUtFqWVSNdGiilTTpcsVH7wCrFodPqwc/FIZ1efGR/jixesml8EsphaTrs+88JGUhd40YvAts2yzVJd56W2hQ7Uhockwc11N4CPFj5tDfa4Q0PVi0aq4v4yDCwFY1tr/YEb3CNlldLWc479tdJTUlgPffkaLraNqFut/rBUmIyM+lBKW3S7TzV8b17uZGRw9XPmtTxAI4v5kVvvIpgY0C12Pdvz0TuGjfkOWtDkfz0OME1SXeeltoUO1IaHJMHPf9ZL3iw8sGyzl6rFo1jAPrIMLDV07+Ykn29WXONlldLWc47zkEnNSWB9dyTo+lq24S6PQdNS4nJzKQHpbRJF2Zl7aNScneC23FFVSp+1qSOB+hNDUNJphgk/9BK1GLfvz0Tueslis1wTdKdp6U2xY6UBsfSA60RgXiw8sHoquyN7nr6tyd4g6u0vFbKOO8khDIvgVW0J0fT1bYJdXsOeqtqWihlkXQSYa73qJSNQAj3KXLzZg7V8YD2ZiASpsE4A6rFvn+jV5pi3ujds9i2Wa5KutO0ZBM7Uhock4f8Iyzx3ZTQw8oHyzZ7s1o0jgHoo1zcorue/u0J5lbNdVpeKaVOxQihzEtgFe3J0XS1bULbHoPerpoaSlkmXQGVklsVfSDtz5rU8Sh6GqsfphBk+ukcR5X3/Bu9AqmrbmCeTQSmbZbrkq5knZZsYkfdCzeZ4VE284+w6NThwcoH+zp7rVo0jgHoY8wmI20g97JTCpTny7JAy+NSahgmcmWBBHaCHTmarrZNqNtN0GrZqZoaSjlMOn7k5Sn9kkRwXP2sSROPgluA6ocp6h9a+Txqseu/TIjUlRsyzSYC0zbLgqQL4SzTUptiR4j5Hq8QpYGvF+Pcw8uo0MPKh95N9hq1NrLXuKNxoX+Kv/yxnIYFWh6XUqdiIlcWSGAVZceL0rHfjqB7VdOFUu4mHZJBBgngvUD11fysSROPIg7qH6aQlxESlh4JTVGLPf9Wr0DsGhSJfdoIctssC5JupZbalDqiAS+H0ZB/hEU8fsQveVj51AguTPYatTay17jTyYix0TjFn05wlwVaHpeSUzGRgwUSFAmJ8cTF8XRs2/M88pk2BztQyp2kc5QFSXczNCfKBDsB/IfyGl6TlncOpXShhrympNMLS35ddhKfXev/NWl551BKF2rIa0q6J7xs0g/6nAhu2a/hNWl551BKF2rIq0o6vGzSy/BpfLb3KnefV6XlfUMpXaghnnTrcC2XQSldqCGedOtwLZdBKV2oIZ5063Atl0EpXaghnnTrcC2XQSldqCGedOtwLZdBKftC4dMg3L4F77+Rr2R33jvdXIJxEn765hArkq473pTKoxngIx38t3CPzf6bkvNDIg2XnKMVWr4GtrTazvSLoZRdoeoPs6YPYV9AyE6Gic++8Rx/Jv/kaE74Zx8/ff/FwxXwzkeGD1B5bE6RF/BLsqXVdqZfDKXsClWf3GsK+PkPf1874bOesgKp+MEnePJXZkiY1rsPZ3/4oOAeCviSGFqq3usKeJPNq8oFrNDyNbBTwKsynVJ2hapP7hUFHIpUP5Cbv4JhN1+aS9J3RdL1xru8hCxVby/gu2KFVgMoZUcofHFCvtkh97tShLIipt73yhaKMK6riQ/+INbQZMszzCB+zSLdKLbpFDvFkfSQcaRpGJcADSA4pF4di3yhu/XSLi0qIXPZTjNYGqBlMunMeFkto3IT696KrqDjUXxAl2QaC7jjxPSvPAubkseGaBM1kx1++Fr+2Ek2zGkZQ0pD2GgEkwNp5dckb7ADn6e2HGr0nCadeynJtLNibB4sW/ExqpvS1gheDbHd0odSdoXSk2sXEsXTO2pR1yXgupr48iLqUtYasKuJYpkG0S9EI5aB9gIcO1VLluoQQJNG5q690V6t4clYwp/gBpnUNlYjBIXCUWNWh2+ZSzozXlYLxBKsYw1nUr493lvOFHQ98hRl01q5rgKVZ7ApuTZIoLoZNZOd/GRdTbJiSss4YB6iKeCcAxTTyCsx6mTZ1mZv/Gt6Kdm0OTtC41AFCntGctGwOmSG2G7ZgFJ2k05TCyCSmB3wiR2uq2lW9cR+AvvRHrnCwCxlJ51zHgLgoL5LYtoDbSzPeL4tBs6NwHjQZTuTWR6ww1TSFeNFtbSFT5NNrDvLmYKuRzsDmOLBKAewZfqD3AzqjmqeGrAnm2lE3ZFIZEaH1kId09EyDZiHaAo450DMUFjIEY0JPWJb9BM95xFSL5KH7J6d2qEJCVsaZwSHmiGE7ZYWStlNuqKAw6Y6UwXCAOFpQiPiIOFA/YSBSPRpWaaHEsbzkzz1s6CDQ9tJrO0QQKcvDwgqtndioZU8K3YagRnBOuuEXzCTdHa8rJb8ocqdWDHn9KhSma2+R3u+YVopp1QKKHkMsCU5GxCjbCbN8vFwB1tPsmJGyzigGSJHo+QcYJORVzfNJLKf6Dn/Tb3kTzGkDhYfqVzt0IRkJI/YQ2kIsN3SQil7SWdOrsaokTE+PENoxPgHUSAMFTZ18kCVeMJ324TQKpc57qZ5F53kqB0CqN5Qw2RsLxZaybw7jcCMYJ2JWRl+yUzS2fGMWgAqd2Ltpkje6nuMfgSYVsoplQJKHgNsSc4GxIjNqBl3JPVkYcgUUo8pLTmgGcJEA3IOsMnIq4WBw9pm/MSp8K/phb/WVAeLj1SucZhDMpJH7KE0BNhuaaGUPaFCJAhMrpy4WqpP6zlGbAIL1mnvCaUbXrnHaUhFp5cMJmPYKY7UBA8hVhRwHgHPItaZDmbDL5lKOjNeoVYAKndibVMkBg/6HqOfZFop11Wg8qxsSc4GxKjBSe/QiJ3Oqq49prTkgGaIIprAXgHDTCevbd3sxd8yMwLGVAeLj1SucajtUd2sYXMoDbHT0odSdoXCydWrKGJUnzzzHXlIHUwgtUsb5c3zFkJDHskOASCEzSZt78RCK3mebRvzCLxBsc7iYFuKTSVdMV6hlqrcmUidIuZECH2PumlMK+W6ClSelS3J2YAYNbiAaKY77aquPaa0FMKAZogqGpMDbDLy5hV3U1sRajz9GCH1wiFrqoPFRyrXOJT2rG7SsD0Uh9hu2YJSdoViakk4iJGR6RSxoxHnt+GAHgzE4/qumoAjcTfNWwidzEhmCAChcjYlldtYgpV0wrNg09iMUL2JBVL4FXNJl8er1NIJdSZSp4gJHnQ9qpExrZQzLbl/7RlsSo4GPORbKwlZI21Xde0xp2UgDGiGqKKxOUAxs7zm40PaVoXKDvhrTgqoh0yPdNk4lPZG8uL8VENst2xBKbtC4cQhnHBbHzflcHhu0G3OFkfa1UTTvcT7bz7X1Vf0XU2uBRo/exc7mZHMEABCmWxie7GGJ2PBzY8+kTWNxQghNrNspzbtLYY6l3T1eHmZUC3gdiJ1ipjgQdejejCmlXKmJfcvDsbZb0qOBqj0Xv7ZmTTTSNtVXXvMaJkGzEPkaBSTAzZDMU/8K1bXEtnK3nIElVTJQ8bzoo9BH6F2iPZa3aBheygOsd2yBaXcSDoJTP7/81GX45TNEDE0wKlhxGjAEblpluhBfMIJjr4IcwnEaHBvHVtTJzNSHgJAKJNNOmBpyFiCVTiVOlDTaEYIKsVlO41Z2EjhV8wkXcCMl9QCOqE21iZFTPCg61G25Fk/mtbKGSe5fz74hNwTNiXXiNAZz8pRMz0edlV7mKdJVkxpmU5SHiJHA0wOxAw18mqqhcfN7E0j5F4kmcbzoo+iT6BxiHbZM5JLgzlUDbHdsgGl7Cfda0Rz7gSmku61wCo8m5O13MuB+DzDWrs1+B/xSijla066Ei/gCYavuBZxspZ7OcC2dHd4Y65eiXcLSvmKk67CC3gCeQP5Fpys5V4OPOFFwukr7m5x9Uq8W1DKV5x0FV7Ar4CTtdzNAbxAPStJBny2/RbLtVBKT7ohJyfdQ+FaLoNSulBDPOnW4Voug1K6UEM86dbhWi6DUrpQQzzp1uFaLoNSulBDPOnW4Voug1K+EqH4qaUX4cZJt/mRinUrkr4cq7Q0bzenj0MVxI/rXk33De2tc2NGu1mmUso1SXc6XsArVyR9OVZpuV3A/EjKpQXcfJLFC3gpXsAvsPbuCazScvsfvld+pmyugA1ewF28gN8Gq7T0Ao5S9oXaXuIyftkDH2uR2eiHw/PM9lf2xBctZIapf/IY/9YjimVnWdbbMZl0KejugqRJpGzGx3gGkmTbJyW1BNuby3MRk1qmeYfyilmmt9BRPrEQuURFfuwZfzpJpVKFhnA8dstSmhHqc5M7x3OTj7cLFp8FpewKtbP4ZTg4sbInNmV5zdw/eox/6xGxH+QInnKnmzKXdDnokBvyHfpyQdIokjUTVcKeOQNHVyR92wVs5h1qK0waWYYCzvLxUioqxtLmGi1GsTb92C1LaUaozo0di+cGx7GnmVqPdwaUspt0QBMJMaT7i7Rx3cqe3JRjsX/0mD2XI3JfV9BIg96UqaQrlhqVOVULkiaRjFlswlb59bfeSVFyt3tmSkszb5NlKNMsH2UROVBGod5+1CZVNE+HclvUPY9QnZu8q25jD5upvTO0GErZTTogwiDMQFyfJz6pMDQ53BawbOESo03GR9w0/aPH/LceEftyFsygN2Uq6UzQqlF8lIuDoCI1ZoI9A6R3UpTs8Z6Z0dLO22SZTNzIx02oCG3Da7pasWyerpI8BCBlHqE6N7ZzPDdynHuSqf0ztBhK2Us6xQiTn2qeplb2TCqZ/vQY/9Yjcl9kMZ1uykzS2aBVo/hYFnBjJtgzQLonBWSP98yMlnbeJstk4kY+WkFFLaZ2lUljHjZx0OoMKfMI1bnJu7mPHOeeudRUZ2gxlLKXdBK90I0Erw3wMkC5soBTf3qMf+sR9TYIshSdbshM0tmgVaP4WBdwZVafgcD2SYkt98+MlnbeTQEnlWgFFeNat7VinfSLJklKW8DJWrzm3dhHj5tMrcc7BUrZSzq9rxBhGBSESoSwcugbBYybiFjAyUfcNFMHcaLwXI5obkyqTjdjJuls0KpRfCwLuDJrz8DOSckt98+MlnbeJstUkiQfN1XmtNZtqViVSZJ+eshImUeozk3eTecGx4tMLcc7BUq5nXSYhpZWOeGQcuZdVChl3v3cW9kzVarpL9AQf+sRdb+3LOutmEk6G7TmVHwsC7gya87A3kkxLXfPlJZm3ibLZOJGPsqiMnOt21qxTvppm5Eyj1CdG7Mbz42Opnv38CYWQgy3+iGSp3KJy8mVPeMmV4U9tKInTlJ3WdZbMZV0JuhYur0CrszaM3BsRdK3/W8kM2/8s9JcL7N81EVlLta6zYpl85R22mikNCNk5/Cad+mWK+7WmWrGOwNK2U06+Y90f4lLeYkg4cNEj4f5Hl7ZU7uJ39Q/ekyeqxHVf29Z1lsxlXQm6Fi6+ijzEaJIpZns8QzI/KXBHKokyi1vu4DNvMONccwylTLJhy2WlGSVFlGdVMm8SGi59YlSmhGytXpNu7oVjPW4ydR6vBOglP2km4Av/t8Qc0m3APzj8W1wgpb5ufCxoJTLk84LeDnLVyR9OU7Qktfah4NSLk86L+DlLF+R9OU4Qcv0TtKDQSmXJ50X8GI+W78i6cuxXMvwGvYxL8BRynOS7k2xPOkeGNdyGZTShRriSbcO13IZlNKFGuJJtw7XchmU0oUa4km3DtdyGZSyK9TlS/pNLwJ4x9xn0uHzQ4bpMyAf4r2S413vU8tXCaXsCnVBMvDznpf3eD28QNJtaWSO1x+U3zgDT1/Fd2nxiS7ayMIxaYd0qxCdhm+DewG/AJRyVqjLy9ELeMy4gI9+uOP5D39fu+ADS+8+SKV98iU664f+EhsFfKQ0vYBfAEo5K5QXcGZd0o0L+CChSPXD1uaT9RsfsvcCfl1Qyq5Q+HRaOPH8NDc/6yJ/8Olt3JNpW3gM6CKAnWUXk7lxxh66pWb3zflJt6VqXLEyLpWYtMsd9GY4bOsnCqNlJByNH/ZPt8HtR23EXX85xVya+jxQZcZe1y7na/kwUMquUHqaJFXwbJ1TQL/mK63yEsys5qcFLD3ssovZPDuLPfglLpttd8rpSbepKlestOtR4njuIKdGm3AGsiUJDlm6+J6q0F6AYRGqLxjUZ6VfwPZkbnbtcrqWjwOl7ArF0yTnTjY1BeRcbq7mxwKWbbPsYl6/LzuLPW7xnec1nJ50m6pyxUpQaBc76CoQqC20g7yl9lFplJlsSB+LGnS/ib5RwOlk7nTtcrqWjwOl7ArF0yR5gDOIk/ds1+dLz7Q8hB6aOfExLXQilxXjTI9q6mnjnXN20m2rqkWj4DZIj9sOoqIRX9AbJsAW3Q8XTtnC5VuumizoeCrk5DRnhe9CB8OigOPJ3Ova5WwtHwhK2RWqOk08QbJAGE6nvNAJmzijTCaTQ/GxWCuwKWD24/P2XXN20m2rulHAuYNWDcxUdiEXsD4hPGEFCSF0lGUDuRvtOJicnOas4IyBbgHvde1ytpYPBKXsClWdJhavXZAvEJ7Qwx7PG3rE0tXHYq1AL+AKvPmkEmyrGgtYrp18nSnHTQcRWytSZU+W4Amla5bpkIpOr4FzAaOiu1WIMwY2Cni7a5dTtHxMKGVXqOo0he24ul/KHEHOFQ+hh+ZQfMznNNApYL0O+C30jqpaNHodRblF7WKHdx9+Eq7G2BPZjSXQcg6kAcS5notsZ+6Dm7Oip1/oFvBe1y5na/lAUMquUNVpkkes7le9gSnnlMmEHrF09VFObzJvCpjP1DkX75ezk25bVS0a3TEFnDuYz2KI7MZSiHb5fWkcibvJTk/F4E0snFa9mJuTudO1y9laPhCUsisUTpYt4GJ1v85qftojlq4+hn7J3DpjD7TlVLxjTk+6TVXjFTjshJevlXbSAWun6ScdRXZjKaRb7ffffK6reuj7x09fwW/68CXs+ssp5gJGXO/x32dzMne6djldy8eBUnaFago47OiJwScIJC3k7kzyBkf4MYKmgK15dqY9NPmYYXfN+Um3paoWMHa4HiW1yx3EGrUF2Y1lQK+JASkzvOiO1YV769gq7eF1c3c5xVzAaoTnAXsyt7t2OV/Lh4FSulBD7jjp9MkyFvor4I61fG1QShdqyB0nnV4L86X27rljLV8blNKFGnLHSfeEF8P6CbhXwR1r+dqglC7UkHtOOrwY1svwq+CetXxlUEoXaogn3Tpcy2VQShdqiCfdOlzLZVBKF2qIJ906XMtlUEoXaogn3Tpcy2VQShdqyE2TTj5yHnmxXyU8L4ibavm2oZQu1JBbJl3xUWJ+TONKzIeowLa39JlKsjCImltq+cahlC7UkFsmXVEu8i3OMVtfH7i+gK8I4ii31PKNQyldqCG3TLryy3iHvms5X8A1VwRxlFtq+cahlC7UkBsmXVWMh2pueQFfE8RRbqjlW4dSulBDzk+6tBgsi+49vzeUa3B7xV4sboV7YNnKbc1aryzEbIXvJ4kPbRkHoX7x1SP9+oR2jJEc4XwtHwZK6UINOT3p8mKwWhFy0yqLy4aD8S3gUF2y6EVvxV5eMPk9Yims+NXdUGjmKHwX+/AYRz0QhPrFl39NAedIDnC6lo8DpXShhtwm6VAMqIt8CxtXepRWOdZdsZfmZkGM/jIZ2i3tb6yHtxeE8WsKOEdygNto+RBQShdqyG2SDisgoET0Aink9S20xuJjWm5MLpO6GSsoHOGm3Pqao+jcWMGjuhV2gzB+TQGbSA5wGy0fAkrpQg25TdLl2gklwtUytgtYFsIQUgHHK2bwwE0pNHPUVpvsazk2V+CdIIxfU8AmkgPcRsuHgFK6UENOSTq8g6TVFMoBJZBqBwekba+AY99eAacr5U4Bcz9dhsdBbBWwujzGKVo+JpTShRpydtLl95RCzcRrIaoo3vHm0o0FHCsxoJvxrabyFtocRefCamtF2q0gdm+hD3K2lg8EpXShhpyddFoCqB2tUAEVEustNsTHYsVeVpBeN7Gjm4M3sbZXpN0MwviFDRaZNZEc4GwtHwhK6UINOTvpUALhpWSoC1zd0uKy5vY0lm4s4NAkBrJiLysIB3Qb3Zq1XtE572+vSLsZhPrN/54Km9ElIjnA2Vo+EJTShRpyetLJJyF0MVgtGXk1Kn9ZsEJTwOikd8CyFY6bVV3ljaVmrVftnPc3V6TdDEL9or7jpjTlSMacruXjQCldqCG3TLryvzEH/zdzFaxLfTFbsh+EFvCV3FLLNw6ldKGG3DLpzOVOLm0Hr2vXsLMi7X4QXsD3AaV0oYbcMumKcikKaTVPeOnaXZF2Pwgv4PuAUrpQQ26adLdbkQMvXftPEbtBeAHfB5TShRriSbcO13IZlNKFGuJJtw7XchmU0oUa4km3DtdyGZTShRriSbcO13IZlNKFGuJJtw7XchmU0oUasjrpsAgk/jtTLwd5HUMvp/476jJWa/nAUEoXasiypOP/V19HAZ/zKZJlWjqU0oUasizpbE3c8qroBfwWoZQu1JBlSecFvE5Lh1K6UEPmki5/9V0WdJXv4qGe0oN+IEqM0rquwvPHT5/jbmp4/vjbX8pXhApLuqrXnTUOYKADycb2ErUSLFeTjcG2gws0ynMzdrvMaekYKKULNWQu6UyS86KmBZceAljrIq/rKjx//eOwj68a5IZwUF7ulpbRVai2cDCtO2scwABf5sU3GBrT3BRKOi4WwGCbwXEw7MuSs2ZuVUxbzGnpGCilCzVkLumOFHBexCYeCYfkYpfvY9Ggy8oqyTK6kiaz7qxxgP28+uvOErX6fhgO5qGTw3ggNdkrsJC3tpjT0jFQShdqyFzSHShg/QY90C/rB7Sm9WIooEF9KcnSuoqPYpsdyFGOLdfO2tQ0aSd8XaEs4GLwtORsW8Axpi3mtHQMlNKFGjKXdAcK2NRlKgFelNO36asaMpbWVXwU2+xAjsoKGkKngE3TsQKWHtjxAn5BKKULNWQu6cYFHEslvAANsARsAaeGWEOFpXUVH8U2O5CjeWWrxtQ0dQq4GRyEo6HZFnAZ0xZzWjoGSulCDZlLunEB66IYZl1XQUtJXpjaBV97ltZVfBTb5ABHzQW1NjVNTQE3gyck6jy3OqYt5rR0DJTShRoyl3QoFCzAulHAvABqYyoBfctI2kyDFkxlaVylR7FNDnA0v5puTE1TU8DN4AnZhQ/MrY5pizktHQOldKGGzCWdWYCVlYK0zw98mYvG8OKSJYB7VFzXTIPWUGVpXKVHsU0O9OhTWv21Mc1NpoA12GZwIS05m+dWx7TFnJaOgVK6UEMmky6ktV2AlT/Hmx70gxwh82VD13UVQinx0xKmgTVUWhp/6VFsswM9ioH0OlmZ5iZTwDio4RWDC/J6V2rezK2KaYtJLZ0MpXShhrxI0mkpTTDt4BReRMu3CaV0oYa8SNJ5AXte7kMpXaghL5J0XsCel/tQShdqyIsknRew5+U+lNKFGuJJtw7XchmU0oUa4km3DtdyGZTShRriSbcO13IZlNKFGuJJtw7XchmU0oUa4km3DtdyGZTShRryAklnviEM1ixfeQe8gJZvFUrpQg1ZnXT6wf8Wczx9DZh4ATs1lNKFGrI66cYF/Fn+2PEbY7WWDwyldKGGrE66A1fgN8tqLR8YSulCDZlMOnzVB5+K0m8HhcfAj5o1YuNx00GasB2/OnRk5da7ZlJLJ0MpXaghc0mHr9Tjc43ywlYWY+WVtlkjlsdzB/munzahgA+u3HrXzGnpGCilCzVkLunSmq3pDjkWML6Bq6BAeTx1wHI4+jVcvQILeetVMqelY6CULtSQqaSLVfnxU10dIx8yX5DHtZbHbQcpYFSsLeBX/X70lJaOhVK6UEOmkk7WrBDk9pmLse4XcO6wcQX2AnYESulCDZlKOi5Zp+hirFUBp/VYYwGnDlK2+pEOLeBk+XqZ0tKxUEoXashU0rFaI7IYa1HAZj1WPZ47vPvwk3A1xp4U8NGVW++aKS0dC6V0oYZMJZ0u7piQqi0KWHdMAecOn+Ql4vRanCxfL1NaOhZK6UINmUu6p7hma1qMlSUar8D66jiUJY+nDu8+4JY53kIby9fLnJaOgVK6UEMmkw6fy5CLZ1qMVY58Hl8Dm/VY9bjpINaoebwGNpavlkktnQyldKGGvFTS6TtXsdDfBi+l5RuEUrpQQ14q6bgsnf500hvhpbR8g1BKF2rISyXdE14M689xvxVeSss3CKV0oYa8WNLhxbBeht8KL6bl24NSulBDPOnW4Voug1K6UEM86dbhWi6DUrpQQzzp1uFaLoNSulBDPOnW4Voug1K6UEM86dbhWi6DUrpQQ14o6fRzHGaB2eNLU+ovdN8jL6TlW4RSulBDXijptIBlHZ747YflBUzHN+SFtHyLUEoXasgLJR0KGAvMXlxnXsAPAKV0oYa8UNLxo9ABL2CnhVK6UENOT7rnj58+pwVjZXVZfK1Qr8DhIa43qxWNLxlKfeZFZnW5WkU+vfWFFjA+yBWfBPiJavyJQ6SFbPOgStFzKadr+ThQShdqyOlJ9/z1j8OVELXFLwzLZirgeKHkdjD45A9+aBaZjcvVCmgO5RiqMi9PK+hCANJshqBjcwSUPZdyupaPA6V0oYacnnTP+JowqkkvlNjsF3D53SQ5xFZFm99LtabladGAIsW9tRmCXc0RUPZcyulaPg6U0oUacnrS6cVOVtyIVSMX1W4BV2Ul11Vz6YzNUqexOOOdMb5WHG7W7RBqY48Idc+VnK7l40ApXaghpydd/OLvx0/jVVCuid0CjgYEN8ZxudoAm6WA8/K0aMGxdx++SB5kCN22R4S650pO1/JxoJQu1JBTkg4/e8RivK6AzSKzYVMP640yCzhZAinep6+yh70CLnuu5BQtHxNK6UINOT3p4i0032AKyO3rRgGrQbCWcktrVLL42lvojLzXHdzaIWIB5yNC03Mhp2v5OFBKF2rI6Umnv5KEC58WIkqoW8DpMqnHUgHHhbO0Wd7E4hqXmaevfidchIsh6NgcEZqeCzldy8eBUrpQQ05POtwB6yX1SZbR0QrKBcyKwjYNPscxLDKblqsV9FngJ+EKrJayPC159+H3vgwO7BB0bI6AuudCTtfycaCULtSQ05Mu3EKnz2LgcxoonVzAoT7lcxV5W6678lcXmU3L1QryDtSPdEl4WJoqfG6GoGN7BNQ913G6lo8DpXShhpyedHwT6xE4XcvHgVK6UENOTzov4BbPyxGU0oUacnrSeQG3eF6OoJQu1JDTk84LuMXzcgSldKGGeNKtw7VcBqV0oYZ40q3DtVwGpXShhnjSrcO1XAaldKGGeNKtw7VcBqV0oYZ40q3DtVwGpXShhtwo6dLnmt8yN9LyEaCULtSQGyXdVQWcvoHwSriRlo8ApXShhtxz0nkBPyyU0oUacs9J5wX8sFBKF2rIZNLhqz3yUavnr3+YvnSEBTlwOK0Oq7fQeffrHz7DWh8DHUeyHGx3Ydh7ZVJLJ0MpXaghc0mX12gNlRi/Zy/FyjVhQ6tuoYDtrtr8rnxVWA50HfEKjO8D29Xt7pU5LR0DpXShhswlXV6jVX/bSL7VqyvfxFU09JgWsN2V0tTFOnCg5ygWcLWmxv0yp6VjoJQu1JCppIsVFi6X+p0FXR1SihEVCFC7toCxK63xsVgmNjviUS6FlVa1ul+mtHQslNKFGjKVdGaN1rqA7RV4XMBdRyzgeOmNC2bdL1NaOhZK6UINmUo6s0arqTupS65jJQvi4H0oLWCzWxdwz5EX8MNCKV2oIVNJF2srYK/APwnXU2kwq8PKQ7FbFnDXUSpgv4V+OCilCzVkKunMYo+57nTROUELMBVwsVsWcNcRO/ibWA8IpXShhswl3VNao9VegXGjHBpQllgdNldp3C0LuOsoljXaTInfLXNaOgZK6UINmUy6tEarqbtnqUXc+Eqrrg6LKrW7VQF3HeFg2KsXhr1XJrV0MpTShRqyPum0LM3b0IJW6RtnvZYPC6V0oYasTzq9hFZvGrOq3zbrtXxYKKULNWR90j3h5ax+1ipx//8DWsB6LR8WSulCDTkh6fBytrjiPpe7b5UTtHxUKKULNcSTbh2u5TIopQs1xJNuHa7lMiilCzXEk24druUyKKULNcSTbh2u5TIopQs1xJNuHa7lMiilCzXEk24druUyKKULNcSTbh2u5TIopQs1xJNuHa7lMiilCzXEk24druUyKKULNcSTbh2u5TIopQs1xJNuHa7lMiilCzXEk24druUyKKULNcSTbh2u5TIopWw4Ay5IOmeAa7kML+CjeNKtw7VcBqT8u7wgO3v8A82qAa7lEVzLZYiUf+PvccfZ5h/+Tc2qAa7lAVzLZRyU0nEcx3Ecx3Ecx3Ecx3Ecx3Ecx3Ecx3Ecx3Ecx3Ecx3Ecx3Ecx3Ecx3Ecx3Ecx3Ecx3Ecx3Ecx3Ecx3Ecx3Ecx3Ecx5nkt37r/wMIkrKpyZAGQgAAAABJRU5ErkJggg==)
A(s) metodologia(s) utilizada(s) em um fundo com foco ASG deve(m) ser apontada(s), entre: utilizar índice como referência, aplicar um filtro negativo, aplicar um filtro positivo, buscar alcançar um impacto determinado, proxy voting, engajamento com emissores, outras. Quando utilizar critérios relacionados à emissão de carbono, esse indicador também deve ser objeto de divulgação.
A despeito da preocupação com fragmentação entre as regras locais, a proposta da SEC apresenta alguns aspectos em comum com a regulação já vigente na Europa a esse respeito – a SFDR – que em abril também foi complementada com a publicação de padrões técnicos finais (RTS) e respectivos anexos. As semelhanças referem-se à classificação de fundos conforme a crescente adoção de elementos de integração e promoção ou consecução de objetivos ASG, e correspondentes exigência de divulgação de informações. Além disso, os critérios utilizados são baseados em princípios informacionais, de diligência e de transparência, sem diferenciar tipos de fundos – ou de investimentos das carteiras.
Outros pontos relevantes da proposta da SEC dizem respeito à preocupação com dependência excessiva de dados e ratings de terceiros, à busca por padronização das informações a serem divulgadas, com vistas à consistência e comparabilidade, e à ideia de que a gama de gestores que já incorporam questões ASG, ou pretendem fazê-lo em breve, é significativa.
É importante notar que todos esses pontos e os acima referidos são também comuns às regras de identificação de fundos sustentáveis vigentes em território nacional, desde janeiro de 2022, para fundos de renda fixa e variável, conforme a autorregulação da ANBIMA. As regras para as demais classes de fundos estão sendo discutidas e definidas pela Associação.
Direto da Fonte