Revista Científica Cintec

Climate Finance Accounting, Sustainability and Green Bonds

Ticiane Lima dos Santos — Fri, 02 May 2025 00:00:00 -0300

Abstract

The growing global pressure for sustainable practices has driven the need for transparency and standardization in environmental, social, and governance (ESG) information. In this context, the creation of the International Sustainability Standards Board (ISSB) and the subsequent publication of the IFRS S1 (General Requirements for Disclosure of Sustainability-Related Financial Information) and IFRS S2 (Climate-Related Disclosures) standards represent a significant advance. Brazil stands out for its pioneering role in the adoption of these international standards, evidenced by CVM Resolution 193 and CFC Resolution No. 1,710, which establish mandatory disclosures as of 2026. This initiative positions the country at the forefront of global sustainability reporting regulations. In parallel, the article addresses the crucial role of green bonds as financing mechanisms for projects with positive environmental impact, such as water infrastructure. However, challenges related to the transparency and effectiveness of these instruments are highlighted, highlighting the indispensability of green accounting for the independent measurement and verification of results. The integration of sustainability into accounting practices, together with the promotion of international collaborative research, is currently presented as fundamental for the development of a more resilient and equitable economy.

Innovation in Organizational Performance Assessment

Cesar Diego Carrari Ramos, Karine Iara Schuh, Delci Grapegia Dal Vesco — Fri, 02 May 2025 00:00:00 -0300

Main Objective of the Research: This study aims to assess the applicability of the Stra.Tech.Man Scorecard model in an agro-industrial cooperative to optimize control processes and organizational decision-making by integrating strategy, technology, and management dimensions.

Diagnosis of the Problem and/or Opportunity: In the context of current digital transformation and globalization, accounting emerges as a crucial strategic partner. There is a clear opportunity for innovation in corporate evaluation and planning, where the proposed model proves essential by effectively combining qualitative and quantitative data.

Methodology/Approach: The research adopted a mixed-methods approach, combining qualitative data from questionnaires distributed to cooperative professionals with quantitative data from financial statements. Performance was assessed across different timeframes (past, present, future projections).

Results/Application: The results indicate significant enhancements in organizational efficiency and strategic planning. Key questions such as "Where are we?", "Where do we want to go?", "How will we get there?", and "Why?" guided innovative practices, providing a comprehensive perspective for sustainable growth.

Contribution: This study underscores the value of an integrated tool combining strategy, technology, and management within a competitive framework, promoting continuous innovation and adaptability in corporate processes.

Risk Management in a Multinational Company in the Insurance Sector

Rafael Silva, José Carlos Marion — Fri, 02 May 2025 00:00:00 -0300

Main Objective of the Research: The main objective of this study was to understand and detail how a multinational insurance company implements a robust risk management system, addressing the complexity of operating in multiple modalities and the importance of such a system for strategic decision-making and business resilience.

Diagnosis of the Problem: This is a case study that presents how a multinational insurance company implemented an effective risk management system.

Methodology: The research methodology was based on a literature review to explore the fundamental concepts and stages of the risk management process. Subsequently, a qualitative case study was used to analyze how a specific insurance company identifies, assesses, and manages its risks, in addition to developing specific tools for this purpose.

Results/Application: The study results indicate that implementing effective risk management significantly contributes to more strategic decision-making, loss reduction, and increased business resilience.

Contributions: This study contributes to the literature and practice by detailing the practical application of risk management in a multinational insurance company, offering insights into the identification, assessment, and treatment of risks in a complex environment.

Externalities in Selective Waste Collection

Fernando Rodrigo de Souza — Fri, 02 May 2025 00:00:00 -0300

Objetivo: Este estudo tem como objetivo analisar, de maneira crítica e empírica, as externalidades e internalidades, tanto positivas quanto negativas, decorrentes das atividades desenvolvidas por uma cooperativa de materiais recicláveis inserida no contexto da coleta seletiva de resíduos sólidos urbanos em um município de médio porte do interior paulista.

Diagnóstico da problemática: A crescente geração de resíduos sólidos urbanos, combinada à limitada eficácia dos sistemas públicos de coleta seletiva, evidencia a necessidade de investigações que avaliem o desempenho das organizações de catadores na mitigação das externalidades socioambientais associadas à gestão inadequada dos resíduos.

Metodologia/Abordagem: Adotou-se uma abordagem qualitativa, de caráter descritivo e exploratório, com delineamento de estudo de caso único. A coleta de dados incluiu entrevistas semiestruturadas, análise documental e observação direta não participante. O tratamento dos dados foi realizado por meio da técnica de análise de conteúdo.

Resultados: Os achados apontam avanços operacionais, evidenciados por um aumento de 33,3% na capacidade de triagem; melhorias econômicas, com crescimento de 142,92% na receita mensal; e impactos sociais, representados pela geração de 57 empregos diretos e pelo alcance de 188 beneficiários indiretos.

Contribuições: O estudo contribui para o campo da gestão de resíduos sólidos ao evidenciar os efeitos multidimensionais gerados pelas cooperativas de catadores, oferecendo subsídios para o aprimoramento das políticas públicas e o fortalecimento institucional dessas organizações. Recomenda-se, ainda, a implementação de indicadores de desempenho e de mecanismos de monitoramento contínuo como estratégias para potencializar os impactos positivos e mitigar as vulnerabilidades identificadas.

Palavras-chave: Gestão de resíduos sólidos; Cooperativas de catadores; Coleta seletiva; Externalidades; Sustentabilidade urbana.

Information Quality in the Perception of Stakeholders in Retail Companies in Brazil

Jad Marcela Bitu Soares, Roberto Fully — Fri, 02 May 2025 00:00:00 -0300

Research Objective: The objective of this article is to discuss the importance of the quality of accounting information for market efficiency and highlight how transparency in accounting information is crucial for the confidence of investors and other stakeholders.

Diagnosis of the problem and/or opportunity: The quality of accounting information directly influences informed decision-making and the stability of the financial market, and therefore, transparency of information is important.

Methodology/Approach: A survey methodology and Likert scale were used to explore stakeholders' perceptions of the clarity and quality of Brazilian retail companies' financial statements. Results/Application: The results showed that experienced and more highly trained professionals tended to positively evaluate the quality of explanatory notes, while younger and less experienced participants were more critical.

Contributions: The research is relevant given recent challenges in the Brazilian retail sector, such as fraud scandals and governance issues. The findings can help companies improve disclosure practices, promoting transparency and trust in the financial market.

The influence of tax incentives in the Manaus Free Trade Zone on regional development

Fri, 02 May 2025 00:00:00 -0300

Main research objective: This study aimed to analyze the evolution of socioeconomic indicators such as the Human Development Index (HDI), employment rate, per capita income, and educational attainment over time, correlating them with the implementation and consolidation of the Manaus Free Trade Zone (ZFM).

Problem diagnosis: The Manaus Free Trade Zone (ZFM) was created by Law No. 3,173 of June 6, 1957, with the aim of fostering economic growth in the northern region of Brazil, especially in Manaus and surrounding areas. However, with the tax reform, the future of exemptions is being discussed.

Methodology/approach: The methodology adopted was quantitative and qualitative, combining the assessment of socioeconomic data with research into the historical, fiscal, and bureaucratic elements related to the ZFM. Data on HDI, employment rate, per capita income, educational attainment, and income distribution were collected in Manaus and the state of Amazonas, based on sources such as the IBGE and UNDP.

Results/Application: The results indicate significant improvements, such as increased per capita income, a rise in the HDI, and the formalization of the local labor market. However, the data also highlight the regional economy's dependence on tax benefits, as well as the persistence of challenges such as income concentration, environmental impacts, and a lack of productive diversification.

Contributions: The research contributes to the critical evaluation of regional development policies, being useful for public administrators, policymakers, and researchers interested in the economic and social sustainability of the Amazon.

Editorial 5

Sérgio de Iudícibus — Fri, 02 May 2025 00:00:00 -0300