{"id":6313,"date":"2025-08-12T09:33:11","date_gmt":"2025-08-12T08:33:11","guid":{"rendered":"https:\/\/plan4sustain.pt\/?p=6313"},"modified":"2025-08-25T15:04:44","modified_gmt":"2025-08-25T14:04:44","slug":"between-the-european-brake-and-the-chinese-sprint-a-global-portrait-of-esg-reporting","status":"publish","type":"post","link":"https:\/\/plan4sustain.pt\/pt\/between-the-european-brake-and-the-chinese-sprint-a-global-portrait-of-esg-reporting\/","title":{"rendered":"Entre o Trav\u00e3o Europeu e o Sprint Chin\u00eas: Retrato Global do Reporting ESG"},"content":{"rendered":"

O debate sobre a transpar\u00eancia corporativa vive um choque de velocidade paradoxal.<\/strong><\/p>\n\n\n\n

A Uni\u00e3o Europeia que se apresentava como a grande for\u00e7a regulat\u00f3ria com o Pacto Ecol\u00f3gico Europeu com metas ambiciosas de redu\u00e7\u00e3o do impacto ambiental e com a proposta de v\u00e1rias diretivas como a Diretiva de Diretiva de Relato de Sustentabilidade Corporativa (CSRD) e a Diretiva do Dever de Dilig\u00eancia das empresas em sustentabilidade (CSDDD). Adotou nos \u00faltimos meses um discurso de simplifica\u00e7\u00e3o.<\/p>\n\n\n\n

Enquanto a Comiss\u00e3o Europeia, em fevereiro deste ano, respondeu \u00e0s cr\u00edticas de \u201cexcesso de burocracia\u201d com o Pacote de Simplifica\u00e7\u00e3o Omnibus \u2013 adiou em dois anos a aplica\u00e7\u00e3o plena da CSRD, dispensou as empresas que t\u00eam menos de 1000 colaboradores e prometeu simplificar os data points na Taxonomia Europeia e nos European Sustainability Reporting Standards (ESRS) \u2013 tudo isto com o objetivo de aliviar de 25% a 35% das obriga\u00e7\u00f5es de reporte.<\/p>\n\n\n\n

Mais recentemente, em julho, recomendou \u00e0s PME a norma volunt\u00e1ria VSME, concebida como um guia pr\u00e1tico para organizar o reporte ESG de forma proporcional \u00e0 sua dimens\u00e3o e alinhada com as exig\u00eancias que recebem de clientes e cadeias de valor. Poucos meses antes, o Relat\u00f3rio Draghi j\u00e1 advertira que uma exig\u00eancia regulat\u00f3ria demasiado densa podia desgastar a competitividade das empresas europeias face \u00e0s norte-americanas e, sobretudo, \u00e0s asi\u00e1ticas.<\/p>\n\n\n\n

Enquanto a Europa abranda, Pequim acelera.<\/strong><\/p>\n\n\n\n

Em dezembro de 2024, o Minist\u00e9rio das Finan\u00e7as Chin\u00eas publicou Basic Standards for Corporate Sustainability Disclosure<\/em>, the first stage of a standard that will become mandatory for major listed companies. <\/p>\n\n\n\n

These companies will have to report on fiscal year 2025 by April 2026, with gradual extension to the entire Chinese economy by 2030. China is not only adopting double materiality, but also including requirements on biodiversity and the circular economy \u2014 topics that may end up being watered down in the new version of the ESRS.<\/p>\n\n\n\n

O cen\u00e1rio Norte-Americano<\/strong><\/p>\n\n\n\n

Across the Atlantic, the movement is one of retreat. In March, the U.S. Securities and Exchange Commission (SEC) decided in court not to defend its Climate Disclosure Rule, spreading uncertainty over its entry into force and signalling that a new draft is unlikely before a public consultation. <\/p>\n\n\n\n

There has also been a request to withdraw from the Paris Agreement, with official exit set for January 2026. Even so, several states, such as California and New York, have adopted their own ESG rules and requirements affecting both public and private companies operating in their territories. Some companies, however, choose to maintain disclosures to satisfy investors by following global standards such as SASB, TCFD, GRI or ISSB.<\/p>\n\n\n\n

A press\u00e3o do mercado n\u00e3o abranda com as oscila\u00e7\u00f5es pol\u00edticas.<\/strong><\/p>\n\n\n\n

Um inqu\u00e9rito mundial da KPMG a 153 institui\u00e7\u00f5es financeiras em 28 pa\u00edses mostra que a integra\u00e7\u00e3o dos riscos ESG em modelos de cr\u00e9dito \u00e9 hoje um dos desafios estrat\u00e9gicos mais citados por bancos e supervisores.<\/p>\n\n\n\n

Do lado dos investidores, a International Sustainability Standards Board revelou que j\u00e1 h\u00e1 mais de 20 jurisdi\u00e7\u00f5es \u2014 representando quase 55 % do PIB global.<\/p>\n\n\n\n

Um estudo recente que analisou empresas de 62 pa\u00edses conclui que as empresas que divulgam dados ESG pagam, em m\u00e9dia, menos 0.5% de juros sobre o capital pr\u00f3prio. Isto acontece gra\u00e7as \u00e0 maior qualidade da informa\u00e7\u00e3o e pela sua fiabilidade, o que atrai investidores institucionais que aceitam ganhar um pouco menos em troca de um risco menor.<\/p>\n\n\n\n

Quais as li\u00e7\u00f5es a retirar deste panorama mundial?<\/strong><\/p>\n\n\n\n

First, <\/strong>delaying legislative timelines does not create a competitive buffer \u2014 on the contrary, global value chains and international financiers adopt comparable metrics regardless of each region\u2019s political pace.<\/p>\n\n\n\n

Segundo<\/strong>, banks and investors guided by market regulators\u2019 recommendations are converging towards standardised requirements to compare risks and opportunities, reducing the space for vague narratives or incomplete data.<\/p>\n\n\n\n

Terceiro<\/strong>, companies that treat reporting purely as a compliance exercise risk missing a strategic opportunity. The sooner ESG metrics are integrated into risk management, the faster they can be turned into benefits and competitive advantage.<\/p>\n\n\n\n

<\/p>\n\n\n\n

O quadro regulat\u00f3rio mundial oscila, mas a b\u00fassola dos investidores mant\u00e9m-se fixa na procura de relat\u00f3rios transparentes, compar\u00e1veis e audit\u00e1veis. \nPara as empresas europeias que ambicionam competir em mercados globais ou financiar-se a taxas atraentes, a escolha \u00e9 entre esperar pelo sem\u00e1foro verde de Bruxelas ou iniciar j\u00e1, mesmo que a passos pequenos a volta de aquecimento antes que o pelot\u00e3o desapare\u00e7a na primeira curva.<\/p>\n\n\n\n

O futuro n\u00e3o abranda: quem converte os dados ESG em vantagem hoje lidera amanh\u00e3; quem hesitar nesta decis\u00e3o aceita perder competitividade e a ficar para tr\u00e1s.<\/p>\n\n\n\n

\n\n\n\n

Escrito por Beatriz Santos<\/p>\n\n\n\n

*Foto da capa de Christophe Meyer<\/a> no Unsplash<\/a> <\/a><\/p>","protected":false},"excerpt":{"rendered":"

Trav\u00e3o europeu e sprint chin\u00eas: o ritmo desigual do ESG molda a competitividade e redefine o futuro corporativo global.<\/p>","protected":false},"author":4,"featured_media":6314,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[65,66,24],"class_list":["post-6313","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opinion","tag-esg","tag-esg-report","tag-sustainability"],"_links":{"self":[{"href":"https:\/\/plan4sustain.pt\/pt\/wp-json\/wp\/v2\/posts\/6313","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/plan4sustain.pt\/pt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/plan4sustain.pt\/pt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/plan4sustain.pt\/pt\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/plan4sustain.pt\/pt\/wp-json\/wp\/v2\/comments?post=6313"}],"version-history":[{"count":5,"href":"https:\/\/plan4sustain.pt\/pt\/wp-json\/wp\/v2\/posts\/6313\/revisions"}],"predecessor-version":[{"id":6361,"href":"https:\/\/plan4sustain.pt\/pt\/wp-json\/wp\/v2\/posts\/6313\/revisions\/6361"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/plan4sustain.pt\/pt\/wp-json\/wp\/v2\/media\/6314"}],"wp:attachment":[{"href":"https:\/\/plan4sustain.pt\/pt\/wp-json\/wp\/v2\/media?parent=6313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/plan4sustain.pt\/pt\/wp-json\/wp\/v2\/categories?post=6313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/plan4sustain.pt\/pt\/wp-json\/wp\/v2\/tags?post=6313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}