"This report, prepared by SITAWI, describes the results of a survey carried out with (potential) issuers and investors on the Brazilian market for green bonds, in order to understand:

• Barriers to the growth of the green bond market in Brazil;

• The opportunities and benefits of issuance and investment;

• The drivers of issuance and investment decisions;

• The preferred financial mechanisms and instruments to foster the market;

• The perception of issuers and investors regarding regulatory improvement,

especially regarding the topics discussed at the LAB."