Brazilian

• BNPL payments in Brazil are expected to grow by 21.3% on an annual basis to reach US$6.2 billion in 2023.
• BNPL payment adoption is expected to grow steadily over the forecast period, recording a CAGR of 13.7% during 2023-2028.
• The BNPL payment industry in Brazil has recorded strong growth over the last four quarters, supported by increased ecommerce penetration.
• However, the integration of BNPL schemes with the Pix payment system also ensures that the payment method is available for retail purchases across the country.

• SAO PAULO, Nov. 29, 2023 /PRNewswire/ -- Trina Solar (SHA: 688599) has secured a supply agreement with the Brazilian EPC contractor Fiber X to offer solar modules and trackers to the CEMIG SIM project, composed of several distributed generation solar power plants, in the state of Minas Gerais, Brazil.
• Under the agreement Trina Solar will supply high-performance Vertex DEG21-660W modules and Vanguard 1P solar trackers.
• Trina Solar is one of the top five solar tracker suppliers in Latin America, and is continuously striving to provide better value for clients' solar power plants.
• "Offering an integrated solution with both modules and trackers is a new business model for Trina Solar in Brazil," said Alvaro Garcia-Maltras, President of Trina Solar Latin America.

• We reported a 34.4% YoY increase in CPaaS revenues, which totaled BRL143.3 million in Q3 2023, up 14.2% when compared to Q2 2023.
• Our Non-GAAP Gross Profit decreased 1.6%, to BRL38.0 million from BRL38.6 million, with Non-GAAP Gross Margin reaching 26.5% in Q3 2023 compared to 36.2% in Q3 2022, down 9.7 percentage points.
• to 38.4% in Q3 2023 from 48.0% in Q3 2022, reflecting the higher CPaaS participation in the revenue mix.
• EBITDA in Q3 2023 was positive BRL15.9 million, compared to negative BRL0.2 million in Q3 2022.

• It’s now more of a marketing term, used to give mass adventure-tourism packages a more “responsible” sheen.
• A recent case on the eviction of 16 villages on Rempang Island, Indonesia to build a solar panel factory and “eco-city” illustrates this.
• Our motivation was to explore the relationship between business schools and the behaviour of multinational corporations toward indigenous peoples and their land rights.

Maraey: a “sustainable” hotel complex in a biological reserve

• The project is being led by the Spanish firm Cetya, commercialised locally as IDB do Brasil.
• While billed as “development with an environmental conscience”, the project would include three luxury hotels with a total of 1,100 rooms.
• The site being targeted is a narrow strip of coastal wetlands in a biological reserve, established in 1984, 41 kilometres south of Rio de Janeiro.

Divide and conquer?

• Corruption is a frequent problem and legal battles pit municipalities, state governments against national courts, and even divide indigenous families.
• Izquierdo claimed that as part of the agreement, the municipality agreed that it would “look for a public area that would guarantee the permanent establishment of the village”.
• Members discovered the extent of the local government’s involvement and the advanced state of the project only when the bulldozers arrived to clear the land.

Virtue signalling through collective messaging

• However, there will also be mall and an 18-hole golf course, and 150,000 to 300,000 tourists are projected to visit annually.
• Bolstered by the work of a sophisticated PR and marketing firm, Maraey has mobilised a rallying message and woven its story to garner collective support – or at least create the illusion of it.
• Using the hashtags such as #JuntosPorMaraey, #VivaMaraey and #TogetherForMaraey, the project has promoted, with increasing intensity, its supposed local support and commitment to sustainability.
• Maraey’s promoters even proclaim that the project, despite its size and density, will help preserve fauna and flora.
• Coverage in Spain’s El País, on France 24 and other international sources has laid bare the tensions behind the Maraey project.

Native lands are not just a habitat

• The significance of the Amazon rainforest and Atlantic coastal forest for indigenous peoples such as the Guarani Mbyá goes far beyond a simple habitat.
• The International Financial Reporting Standards Foundation has recently called for greater scrutiny on non-climate-related reporting, in particular societal and social issues.
• For multinationals, however, the temptation will always be there to find ways to minimise risks and continue business as usual.

Michelle Mielly est membre de Grenoble Ecole de Management.