Brazil's Finance Ministry is launching the second phase of its Sustainable Taxonomy this week, adding environmental and social criteria for biodiversity, circular economy practices, and reducing regional inequality alongside existing climate goals. The taxonomy, a classification system for economic activities based on sustainability standards, aims to guide domestic and foreign investment while preventing greenwashing and establishing global competitiveness benchmarks. Brazil becomes among the first countries worldwide to incorporate biodiversity and circular-economy criteria, and the only nation to include racial and now regional inequality measures in its taxonomy framework.
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