Complementary Law No. 1.027 creating the State Policy for Fostering Investments and Businesses with Socio-environmental Impact.

This Complementary Law creates the State Policy for Fostering Investments and Businesses with a Socio-environmental Impact aims to articulate bodies and entities of the public administration of the state and municipalities, the private sector and civil society, in the promotion of a favourable environment for the development and investments in business of impact that generate positive social, environmental and economic results in the State of Espírito Santo. Enterprises that seek to generate socio-environmental impacts should promote: the well-being of the community in which they operate at the local and state level, in the areas of environmental protection; of the consumer and free competition; goods and rights of artistic, aesthetic, historical, touristic and landscape value and urban planning; diffuse or collective interests; honor, gender equality and dignity of minorities; public and social heritage; interests of its workers and suppliers, observing the specific rules of transparency and governance, under the terms of this Complementary Law. The Policy has the following objectives: encourage research, development and innovation by companies and private entities, with a view to increasing the productivity and competitiveness of the economy, generating wealth and social and environmental well-being, capable of making these enterprises self-sufficient by generating monetization and financial return; provide an institutional and normative environment favorable to investments and impact businesses, through the proposition of normative acts referring to the subject, in order to break the boundaries between the social and the private; encourage the creation of new businesses with a socio-environmental impact in the State of Espírito Santo, through the dissemination of evaluation mechanisms and support for the involvement of these enterprises with the demands of public contracts with the value chains of private initiatives and seeking to include low-income groups income in the productive value chain, such as owners, partners, employees, suppliers or distributors; promote incentive and credit instruments for businesses with a socio-environmental impact, through the mobilization of public and private resources destined for investment and financing of its activities, as well as its permanent updating and improvement; promote the strengthening of dynamic organizations that support the development of socio-environmental impact businesses and empower entrepreneurs, that generate new knowledge on the subject or that promote the involvement of impact businesses with investors and impact investment funds, innovation hubs , accelerators, incubators, all focused on businesses with a positive impact, and other organizations that hold financial and intellectual capital; promote the adoption of ESG practices in public and private institutions, to ensure the effectiveness and strengthening of NISA initiatives through structured and transversal tools, relevant to the objectives of each project; promote reverse logistics practices and encourage the circular economy, by impact enterprises, for the proper management of waste generated in their activities, in compliance with the premises of current legislation and sustainability in the value chain of socio-environmental impacts as a whole ; strengthen the dissemination of studies and the generation of data that provide more visibility to investments and undertakings with a socio-environmental impact, etc.

Бразилия · 2022-12-23