International investors and large companies are increasingly concerned with data that extends beyond employment and inflation in a given country. Brazil is among the worst countries considering other criteria like social, environmental, and governance results.
According to an exclusive survey by MB Associados, in a list of 19 countries, Brazil was the third-worst country, with a score of 60% (the closer to 100%, the worse). Only the Philippines and South Africa performed worse, while South Korea (2%) and Chile (24%) took the top.
It is the first time that MB has created a list of this type. The list highlights out ESG criteria (Environment, Social and Governance, in its acronym in English) and uses as criteria the environmental ranking of Yale University in the United States, the Gini index ( inequality meter), and World Bank data to map governance indicators such as political stability, government efficiency, and corruption control.
In terms of social and governance criteria, Brazil scored even worse, with 71% and 72% in these indicators, respectively. The country is only doing well in compliance with environmental rules, with 39%.
Country does poorly on social and governance data; environment should get worse, says consultancy
Translated by Kiratiana Freelon