ESG

Brazil’s who’s who on S&P Global’s sustainability rankings

Electric utility Engie is among Brazil’s sustainability leaders, divesting from all coal-fueled assets and holding a 100% renewable energy portfolio. Photo: Engie Brasil

With Brazil hosting the UN Climate Change Conference (COP30) in Belém, 2025 was a crucial year for Brazilian companies, with sustainability issues climbing high up their corporate agendas so as to give them something to present to the world by the time November rolled around.

Their efforts, it seems, did not go unnoticed. In the latest edition of the Sustainability Yearbook, released annually by S&P Global, 28 Brazilian firms made the list of 848 selected companies around the world, recognized for their ESG credentials.

Every year, S&P Global studies thousands of companies globally from a broad array of sectors and awards them a Corporate Sustainability Assessment (CSA) score, measured from 0 to 100 based on their ESG reporting and responses to industry-specific questionnaires.

In its latest evaluation, more than 9,200 firms were analyzed, and little more than 9% made the yearbook’s final list. Beyond earning a spot on the annual report, the companies are also sorted into tiers of excellence, distinguishing those in the top 10%, 5% and 1% of scores, while the firms that recorded the largest improvements from one year to the next are classed as Industry Movers.

Furthermore, all companies need to pass controversy screening in order to be eligible for a mention in the yearbook. S&P examines media coverage and publicly available stakeholder information to evaluate how companies have responded to critical sustainability issues during the year, with any cases deemed “major” or “severe” resulting in the company’s exclusion from the final list.

As far as 2026’s results are concerned, Brazil has plenty to shout about. The country’s 28 entrants span 15 different business sectors, with nine firms ranking within the top 10% highest scores in their industries.

Leading the way is…

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