Event Report

Great discussions at the GC Summit Brazil 2022, with complementary views and experiences shared by our brilliant speakers. The day started with an interesting evaluation of cybersecurity. Marta Helehan Shuh, Head of Cybersecurity at Marsh Brazil, stated that cyber threats are growing at a faster pace so we cannot eliminate them. Hence, it is clear that not even resilience nor governance is possible without sophisticated and trustworthy cyber risk management plans. Echoing Marta’s words, Dante Perin de Araujo, Legal director of IBM, re-affirmed the importance of active lawyer participation in the prevention and resolution of this type of incident.

Another compelling discussion has been that of our second panel which focused on understanding the ecosystem of cryptocurrency a little bit more. As Courtnay Guimarães, Chief scientist of meta-economy of Avanade Brasil, tried to explain is that what people do not realise is that we are all part of the same market: approximately 4.5 billion humans are constantly online. It is something that cannot stop, it is too ingrained in our global culture. The other fact that people ignore is that every day, 50 bn of dollars are converted, to whatever cryptocurrency it is. When we think of crypto, we only think of it as an end, not as mean. Overall, it is not easy to grasp all its nuances. The Crypto economy and its market are less regulated, and we should be able to have a better understanding of how it works before focusing on its prohibition and criminalisation. Regulations from the old days, such as the ’70s cannot work for something like crypto. In 10 years, we will not have a computational standard like today, it will be very different.

Finally, the third panel of the day decided to explore ESG principles. As Fernanda Stefanelo, Demarest’s partner stressed, when it comes to ESG, many are the issues to take into consideration. These three criteria encompass numerous matters, such as diversity, cybersecurity, corruption, and so on. For this reason, it is very difficult to find people with the right skills to provide those services. Patricia Cordeiro Nader, Head of impact and investors Relations at Good Karma Venture, reminded the audience of how the first common difficulty is that there is no big consensus about what ESG really is. Nowadays, it is still very confusing for companies to properly design ESG, thus, how to approach these. The real challenge is ‘to look at what we have and how we could adapt it to reality’. This is crucial for companies if they are keen to improve and understand what goals to establish. The company’s engagement is very important to tackle environmental and diversity issues. Marco Antonio Fujihara, director of Radce, explained how in Brazil gas emissions are measured by industry sectors. Currently, the agricultural sector amounts to 20% of the CO2 emissions of the country. ‘In a month’s time, at the COP27 in Egypt, we will understand where we stand’.

Thank you to Demarest, Aguilar Castillo Love, Veirano Advogados and Greenberg Trauig, who all sponsored this event.

In association with...