Overview
Since 1970, Guararapes Group has been a publicly traded company with a corporate governance model based on entrepreneurial management focused on results, following industry best practices.
In recent years, this governance model has become even more crucial given the operational growth of the Group and its extensive business structure. In addition to adhering to the Brazilian Corporate Governance Code (CBGC), the company implements various policies and guidelines recommended by the Brazilian Institute of Corporate Governance (IBGC), grounded in ethics and integrity.
Harmonizing economic, environmental, and social aspects is essential to achieve desired outcomes and ensure the longevity of the organization.
In its governance practices, the organization establishes a relationship of trust and transparency with its stakeholders, especially employees, customers, and shareholders.
In April 2022, the company celebrated its migration to the special listing segment of B3, known as Novo Mercado, marking a new chapter for Guararapes and reaffirming its commitment to the highest standards of corporate governance. Companies in this segment are widely recognized in the market for their transparency, which enhances access to investors focused on corporations with strong corporate governance.
In 2023, for the second consecutive year, the Group was selected to be part of the portfolio of the Corporate Sustainability Index (ISE) of B3. Being part of the ISE represents a significant milestone that highlights Guararapes’ progress and maturity in environmental, social, and governance (ESG) issues, demonstrating the Company’s commitment to promoting more sustainable fashion. This achievement not only reflects the company’s commitment to mitigating its negative impacts on the planet but also to going beyond by working to regenerate ecosystems and promote economic and social development in the communities where it operates.