StoneCo Releases the 2023 Sustainability Report
Rhea-AI Summary
StoneCo (Nasdaq: STNE; B3: STOC31) has released its 2023 Sustainability Report. The report adheres to indicators from the Global Reporting Initiative (GRI) and the Sustainability Accounting Standards Board (SASB). In a significant step forward, StoneCo has begun reporting climate information in line with recommendations from the Task Force on Climate Related Financial Disclosures (TCFD).
This comprehensive report demonstrates StoneCo's commitment to transparency and sustainable business practices. By aligning with globally recognized standards, the company provides stakeholders with valuable insights into its environmental, social, and governance (ESG) performance. The inclusion of TCFD-aligned climate information further enhances the report's relevance in addressing growing concerns about climate-related risks and opportunities in the financial sector.
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News Market Reaction 1 Alert
On the day this news was published, STNE declined 2.83%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
GEORGE TOWN, Cayman Islands, July 30, 2024 (GLOBE NEWSWIRE) -- StoneCo Ltd. (Nasdaq: STNE; B3: STOC31) (“Stone” or the “Company”) announces the release of its 2023 Sustainability Report, prepared based on indicators of the Global Reporting Initiative (GRI) and the Sustainability Accounting Standards Board (SASB). The Company also started reporting climate information according to the recommendations from the Task Force on Climate Related Financial Disclosures (TCFD).
Click here to access the document.
About StoneCo
StoneCo is a leading provider of financial technology and software solutions that empower merchants to conduct commerce seamlessly across multiple channels and help them grow their businesses.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date they were first issued and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. These statements identify prospective information and may include words such as “believe,” “may,” “will,” “aim,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “forecast,” “plan,” “predict,” “project,” “potential,” “aspiration,” “objectives,” “should,” “purpose,” “belief,” and similar, or variations of, or the negative of such words and expressions, although not all forward-looking statements contain these identifying words.
Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond Stone’s control.
Stone’s actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to: more intense competition than expected, lower addition of new clients, regulatory measures, more investments in our business than expected, and our inability to execute successfully upon our strategic initiatives, among other factors.
Contact:
Investor Relations
investors@stone.co
FAQ
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