Relatório integrado: fundamentos teóricos e práticos para implementação em um banco de desenvolvimento regional

Abstract

The Integrated Report (IR) is considered to be a model of excellence and cuttingedge corporate reporting. In order to study the IR, Banco do Nordeste do Brasil (BNB) was the institution chosen to carry out a detailed analysis of its reports, because it is the largest regional development bank in Latin America. The general objective of the research is to present the main theoretical and practical foundations that justify the unification of BNB's management reports, sustainability reports and ESG executive summary into a single international standard report, the IR. To achieve the general objective, five specific objectives were proposed, supported by the following methodologies: literature review, document analysis, sustainability disclosure matrix and benchmarking. The data sources were: the Integrated Reporting examples database, the Central Bank's IF.DATA database and the non-financial reports of BNB and the banks operating in Brazil. The study undertook an in-depth literature review on the subject of corporate governance and types of corporate reporting, with an emphasis on IR, its history and main concepts. As the main result, this work listed 13 theoretical and practical foundations that serve as arguments for BNB to implement IR, with emphasis on: BNB's sustainability report is inferior in quality to the non-financial reports of the main Brazilian banks, despite the significant progress made in the last 5 years; BNB's management report cannot yet be considered an IR, as it meets only 8 of the 19 requirements stipulated by the international framework for integrated reporting; 19 of the 144 banks operating in Brazil publish IRs; of the 30 largest banks operating in Brazil, 14 use IRs; public banks such as Banco do Brasil, BNDES and Banco de Brasília are examples for BNB, since they already incorporate their sustainability and management reports into a single report, the IR. Other important results refer to the in- depth and broad overview presented of the Brazilian financial system, which includes the main types of organization, their spatial distribution, their weight in the market in terms of assets, and their origins (public or private, national or foreign). The work also contributes to the literature on the subject in Brazil by developing a detailed analysis of the International Integrated Reporting Framework 2021, since this framework does not yet have an official translation into Portuguese.