Towards Brazilian Corporations Better Stock Price Valuation and Operational Performance with Corporate Social Responsibility and Environmental Socio Responsibility

Abstract

In this chapter is presented a Brazilian capital market good initiatives and improvements: we address some stock market improvements due to corporate governance practices structure development; we discuss correlation between CSR/ESG with operating performance and stock market returns; we describe initiatives undertaken since the middle of 1990s aiming at developing a more robust capital market; we also discuss CSR in a specific sector—the electricity industry, a big business in Brazil. The discussion of the evolution of policies, programs and practices of Corporate Social Responsibility (CSR) and Environmental Socio Responsibility (ESG) undertaken in Brazil, has raised several development issues and progresses towards growing application across companies.