Study goals
This work aims to be an exploratory and descriptive study on the ESG practices of Brazilian insurers listed in B3, to identify and better understand such practices and their obtained and/or expected results.
Relevance / originality
In addition to the expected economic role of the insurance industry, ESG factors started to be more observed in Brazil due to the sector's links with themes: environmental (such as climate risks), social (such as supporting low-income populations) and governance.
Methodology / approach
Qualitative research, in which the IR websites of five Brazilian insurance companies listed in B3 were consulted, in order to identify the ESG practices they reported, using the content analysis technique to study the collected data.
Main results
Environmental practices: emission management and eco-efficiency (reduction of energy and water consumption, recycling); Social: diversity, equal opportunities and emergency campaigns (pandemic); Governance: composition of councils, committees, policies, reporting channels, fighting corruption and preventing money laundering.
Theoretical / methodological contributions
It contributes to the expansion of studies involving the ESG theme in Brazil, associating it with the theoretical framework of the Theory of Stakeholders and Conscious Capitalism.
Social / management contributions
Practical contribution to those interested in the Brazilian insurance market and its role in preserving the environment, supporting social issues and adopting responsible and effective governance policies.