Emissões de títulos sustentáveis em três empresas de processamento de cana-de-açúcar no Brasil: abordagem do estudo de eventos para análise do impacto no mercado de capitais

Abstract

The research explores the influence of Green Bond and Sustainability-Linked Bonds issues on the financial market of sugarcane processing companies. Using the Event Study method, it examines how these specific events impact companies' share prices, considering variables such as market reactions, investor behavior and corporate transparency. The results reveal that Green Bond and Sustainability-Linked Bonds issues not only provide sustainable financing for companies in the sector, but also strengthen their genuine commitment to responsible environmental and social practices. This study highlights the importance of companies in promoting sustainable initiatives and mitigating climate change. Green financing not only contributes to the economic development of these organizations, but also positions them as active agents in building a more sustainable economy. The conclusions reveal the need for continuous incentives for sustainable practices in the sector, improving the understanding of the role of sustainable bonds in the context of sugarcane companies, highlighting the growing relevance of sustainable finance in the market, indicating a promising path for future research and responsible business practices