Fama ESG Equities FIA \u2013 1Q25 Management Report<\/strong><\/h1>\n[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.24.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.0″ _module_preset=”default” text_font=”Eiko Light||||||||” text_text_color=”#2C2C2C” text_font_size=”18px” text_line_height=”25px” global_colors_info=”{}”]<\/p>\n
We are pleased to share the Fama ESG Equities FIA Management Report for the first quarter of 2025.<\/p>\n
In this report, we delve into our perspective on the urgent need to revisit the fundamentals of economic decision-making in light of the climate crisis. We explore why traditional pricing tools are no longer able to capture the real risks we face, and why continuing to use these instruments unquestioningly is not prudence, but negligence.<\/p>\n
Throughout the document, we assess the fund\u2019s performance during the period and highlight the main advancements of the invested companies, focusing on mitigation and adaptation strategies, business model reassessments, and the strengthening of resilient value chains.<\/p>\n
The report also draws connections between climate change, capital allocation decisions, and systemic resilience, arguing that adapting is not merely an ethical choice, but a strategic necessity. Faced with profound uncertainties and irreversible transformations, we advocate that business models must adapt to the planet \u2014 not the other way around.<\/p>\n
We wish you an excellent read.<\/p>\n
[\/et_pb_text][et_pb_button button_url=”https:\/\/famarecapital.com\/wp-content\/uploads\/FAMA-FIC-FIA-Relatorio-de-Gestao-1T25.pdf” url_new_window=”on” button_text=”download” button_alignment=”left” _builder_version=”4.27.0″ _module_preset=”default” custom_button=”on” button_text_size=”18px” button_text_color=”#2C2C2C” button_bg_color=”#B2ECED” button_border_width=”0px” button_border_color=”#2C2C2C” button_border_radius=”52px” button_font=”Switzer Light||||||||” button_use_icon=”off” custom_margin=”30px||||false|false” locked=”off” global_colors_info=”{}” button_text_color__hover_enabled=”on|hover” button_text_color__hover=”#B2ECED” button_bg_color__hover_enabled=”on|hover” button_bg_color__hover=”#2C2C2C” button_bg_enable_color__hover=”on”][\/et_pb_button][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.22.1″ _module_preset=”default” background_color=”#2c2c2c” border_width_top=”1px” border_color_top=”#FFFFFF” locked=”off” global_colors_info=”{}”][et_pb_row column_structure=”1_4,1_4,1_4,1_4″ _builder_version=”4.22.1″ _module_preset=”default” width=”100%” width_tablet=”80%” width_phone=”70%” width_last_edited=”on|tablet” module_alignment=”center” global_colors_info=”{}”][et_pb_column type=”1_4″ _builder_version=”4.22.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https:\/\/famarecapital.com\/wp-content\/uploads\/2023\/09\/simbolo_fama.svg” title_text=”si\u0301mbolo_fama” _builder_version=”4.22.1″ _module_preset=”default” width=”30%” width_tablet=”50%” width_phone=”45%” width_last_edited=”on|tablet” module_alignment=”center” module_alignment_tablet=”left” module_alignment_phone=”left” module_alignment_last_edited=”on|tablet” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][et_pb_column type=”1_4″ _builder_version=”4.22.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.22.1″ _module_preset=”default” text_font=”Eiko Light||||||||” text_text_color=”#FFFFFF” text_line_height=”22px” header_3_font=”Eiko Medium||||||||” header_3_text_color=”#FFFFFF” header_3_font_size=”20px” custom_margin=”0px||0px||false|false” custom_padding=”||10px||false|false” global_colors_info=”{}”]<\/p>\n
Headquarters<\/h3>\n
[\/et_pb_text][et_pb_text content_last_edited=”off|desktop” _builder_version=”4.22.2″ _module_preset=”default” text_font=”Eiko Light||||||||” text_text_color=”#FFFFFF” text_line_height=”25px” custom_margin=”0px||0px||false|false” custom_padding=”||0px||false|false” global_colors_info=”{}” text_text_color__hover_enabled=”on|desktop” text_text_color__hover=”#FFFFFF”]Rua Olimp\u00edadas 134, conj. 42
\nVila Ol\u00edmpia, S\u00e3o Paulo-SP
\n04551-000
\n[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_4″ _builder_version=”4.22.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.22.1″ _module_preset=”default” text_font=”Eiko Light||||||||” text_text_color=”#FFFFFF” text_line_height=”22px” header_3_font=”Eiko Medium||||||||” header_3_text_color=”#FFFFFF” header_3_font_size=”20px” custom_margin=”0px||0px||false|false” custom_padding=”||10px||false|false” global_colors_info=”{}”]<\/p>\n
Contact us<\/h3>\n
[\/et_pb_text][et_pb_text _builder_version=”4.22.1″ _module_preset=”default” text_font=”Eiko Light||||||||” text_text_color=”#FFFFFF” text_line_height=”25px” custom_margin=”0px||0px||false|false” custom_padding=”||0px||false|false” global_colors_info=”{}” text_text_color__hover_enabled=”on|desktop” text_text_color__hover=”#FFFFFF”]contato@famarecapital.com<\/a>
\n+55 11 5508 1188
\n[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_4″ _builder_version=”4.22.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.22.1″ _module_preset=”default” text_font=”Eiko Light||||||||” text_text_color=”#FFFFFF” text_line_height=”22px” header_3_font=”Eiko Medium||||||||” header_3_text_color=”#FFFFFF” header_3_font_size=”20px” custom_margin=”0px||0px||false|false” custom_padding=”||10px||false|false” global_colors_info=”{}”]<\/p>\nRedes<\/h3>\n
[\/et_pb_text][et_pb_social_media_follow _builder_version=”4.22.2″ _module_preset=”default” global_colors_info=”{}”][et_pb_social_media_follow_network social_network=”linkedin” url=”https:\/\/www.linkedin.com\/company\/fama-investimentos\/” icon_color=”#FFFFFF” _builder_version=”4.22.1″ _module_preset=”default” background_color=”RGBA(255,255,255,0)” background_enable_color=”on” custom_margin=”0px|0px|0px|0px|false|false” custom_padding=”0px|0px|0px|0px|false|false” global_colors_info=”{}” follow_button=”off” url_new_window=”on”]linkedin[\/et_pb_social_media_follow_network][et_pb_social_media_follow_network social_network=”instagram” url=”https:\/\/www.instagram.com\/famainvestimentos\/” _builder_version=”4.22.1″ _module_preset=”default” background_color=”RGBA(255,255,255,0)” background_enable_color=”on” global_colors_info=”{}” follow_button=”off” url_new_window=”on”]instagram[\/et_pb_social_media_follow_network][\/et_pb_social_media_follow][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>","protected":false},"excerpt":{"rendered":"
Neste relat\u00f3rio, aprofundamos nossa vis\u00e3o sobre a necessidade urgente de rever os fundamentos da decis\u00e3o econ\u00f4mica diante da crise clim\u00e1tica.<\/p>","protected":false},"author":3,"featured_media":259061,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"footnotes":""},"project_category":[18,9,15],"project_tag":[],"class_list":["post-259058","project","type-project","status-publish","has-post-thumbnail","hentry","project_category-destaques","project_category-esg","project_category-fundo-de-acoes-esg"],"yoast_head":"\n
Fama ESG Equities FIA \u2013 Relat\u00f3rio de Gest\u00e3o 1\u00ba tri 2025 | fama re.capital<\/title>\n<meta name=\"description\" content=\"Neste relat\u00f3rio, aprofundamos nossa vis\u00e3o sobre a necessidade urgente de rever os fundamentos da decis\u00e3o econ\u00f4mica diante da crise clim\u00e1tica.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/famarecapital.com\/en\/project\/fama-esg-equities-fia-relatorio-de-gestao-1o-tri-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fama ESG Equities FIA \u2013 Relat\u00f3rio de Gest\u00e3o 1\u00ba tri 2025 | fama re.capital\" \/>\n<meta property=\"og:description\" content=\"Neste relat\u00f3rio, aprofundamos nossa vis\u00e3o sobre a necessidade urgente de rever os fundamentos da decis\u00e3o econ\u00f4mica diante da crise clim\u00e1tica.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/famarecapital.com\/en\/project\/fama-esg-equities-fia-relatorio-de-gestao-1o-tri-2025\/\" \/>\n<meta property=\"og:site_name\" content=\"fama re.capital\" \/>\n<meta property=\"article:modified_time\" content=\"2025-06-24T19:54:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/famarecapital.com\/wp-content\/uploads\/Captura-de-Tela-2025-06-24-as-16.51.00.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1188\" \/>\n\t<meta property=\"og:image:height\" content=\"604\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/famarecapital.com\/project\/fama-esg-equities-fia-relatorio-de-gestao-1o-tri-2025\/\",\"url\":\"https:\/\/famarecapital.com\/project\/fama-esg-equities-fia-relatorio-de-gestao-1o-tri-2025\/\",\"name\":\"Fama ESG Equities FIA \u2013 Relat\u00f3rio de Gest\u00e3o 1\u00ba tri 2025 | fama re.capital\",\"isPartOf\":{\"@id\":\"https:\/\/famarecapital.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/famarecapital.com\/project\/fama-esg-equities-fia-relatorio-de-gestao-1o-tri-2025\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/famarecapital.com\/project\/fama-esg-equities-fia-relatorio-de-gestao-1o-tri-2025\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/famarecapital.com\/wp-content\/uploads\/Captura-de-Tela-2025-06-24-as-16.51.00.png\",\"datePublished\":\"2025-06-24T19:51:54+00:00\",\"dateModified\":\"2025-06-24T19:54:01+00:00\",\"description\":\"Neste relat\u00f3rio, aprofundamos nossa vis\u00e3o sobre a necessidade urgente de rever os fundamentos da decis\u00e3o econ\u00f4mica diante da crise clim\u00e1tica.\",\"breadcrumb\":{\"@id\":\"https:\/\/famarecapital.com\/project\/fama-esg-equities-fia-relatorio-de-gestao-1o-tri-2025\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/famarecapital.com\/project\/fama-esg-equities-fia-relatorio-de-gestao-1o-tri-2025\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/famarecapital.com\/project\/fama-esg-equities-fia-relatorio-de-gestao-1o-tri-2025\/#primaryimage\",\"url\":\"https:\/\/famarecapital.com\/wp-content\/uploads\/Captura-de-Tela-2025-06-24-as-16.51.00.png\",\"contentUrl\":\"https:\/\/famarecapital.com\/wp-content\/uploads\/Captura-de-Tela-2025-06-24-as-16.51.00.png\",\"width\":1188,\"height\":604},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/famarecapital.com\/project\/fama-esg-equities-fia-relatorio-de-gestao-1o-tri-2025\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/famarecapital.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Projects\",\"item\":\"https:\/\/famarecapital.com\/project\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Fama ESG Equities FIA \u2013 Relat\u00f3rio de Gest\u00e3o 1\u00ba tri 2025\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/famarecapital.com\/#website\",\"url\":\"https:\/\/famarecapital.com\/\",\"name\":\"fama re.capital\",\"description\":\"investing for change\",\"publisher\":{\"@id\":\"https:\/\/famarecapital.com\/#organization\"},\"alternateName\":\"fama re.capital\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/famarecapital.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/famarecapital.com\/#organization\",\"name\":\"fama re.capital\",\"alternateName\":\"fama re.capital\",\"url\":\"https:\/\/famarecapital.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/famarecapital.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/famarecapital.com\/wp-content\/uploads\/231006_famarecapital_1080x1080-01.png\",\"contentUrl\":\"https:\/\/famarecapital.com\/wp-content\/uploads\/231006_famarecapital_1080x1080-01.png\",\"width\":1080,\"height\":1080,\"caption\":\"fama re.capital\"},\"image\":{\"@id\":\"https:\/\/famarecapital.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.linkedin.com\/company\/fama-recapital\/\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Fama ESG Equities FIA \u2013 Relat\u00f3rio de Gest\u00e3o 1\u00ba tri 2025 | fama re.capital","description":"Neste relat\u00f3rio, aprofundamos nossa vis\u00e3o sobre a necessidade urgente de rever os fundamentos da decis\u00e3o econ\u00f4mica diante da crise clim\u00e1tica.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/famarecapital.com\/en\/project\/fama-esg-equities-fia-relatorio-de-gestao-1o-tri-2025\/","og_locale":"en_US","og_type":"article","og_title":"Fama ESG Equities FIA \u2013 Relat\u00f3rio de Gest\u00e3o 1\u00ba tri 2025 | fama re.capital","og_description":"Neste relat\u00f3rio, aprofundamos nossa vis\u00e3o sobre a necessidade urgente de rever os fundamentos da decis\u00e3o econ\u00f4mica diante da crise clim\u00e1tica.","og_url":"https:\/\/famarecapital.com\/en\/project\/fama-esg-equities-fia-relatorio-de-gestao-1o-tri-2025\/","og_site_name":"fama re.capital","article_modified_time":"2025-06-24T19:54:01+00:00","og_image":[{"width":1188,"height":604,"url":"https:\/\/famarecapital.com\/wp-content\/uploads\/Captura-de-Tela-2025-06-24-as-16.51.00.png","type":"image\/png"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/famarecapital.com\/project\/fama-esg-equities-fia-relatorio-de-gestao-1o-tri-2025\/","url":"https:\/\/famarecapital.com\/project\/fama-esg-equities-fia-relatorio-de-gestao-1o-tri-2025\/","name":"Fama ESG Equities FIA \u2013 Relat\u00f3rio de Gest\u00e3o 1\u00ba tri 2025 | fama re.capital","isPartOf":{"@id":"https:\/\/famarecapital.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/famarecapital.com\/project\/fama-esg-equities-fia-relatorio-de-gestao-1o-tri-2025\/#primaryimage"},"image":{"@id":"https:\/\/famarecapital.com\/project\/fama-esg-equities-fia-relatorio-de-gestao-1o-tri-2025\/#primaryimage"},"thumbnailUrl":"https:\/\/famarecapital.com\/wp-content\/uploads\/Captura-de-Tela-2025-06-24-as-16.51.00.png","datePublished":"2025-06-24T19:51:54+00:00","dateModified":"2025-06-24T19:54:01+00:00","description":"Neste relat\u00f3rio, aprofundamos nossa vis\u00e3o sobre a necessidade urgente de rever os fundamentos da decis\u00e3o econ\u00f4mica diante da crise clim\u00e1tica.","breadcrumb":{"@id":"https:\/\/famarecapital.com\/project\/fama-esg-equities-fia-relatorio-de-gestao-1o-tri-2025\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/famarecapital.com\/project\/fama-esg-equities-fia-relatorio-de-gestao-1o-tri-2025\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/famarecapital.com\/project\/fama-esg-equities-fia-relatorio-de-gestao-1o-tri-2025\/#primaryimage","url":"https:\/\/famarecapital.com\/wp-content\/uploads\/Captura-de-Tela-2025-06-24-as-16.51.00.png","contentUrl":"https:\/\/famarecapital.com\/wp-content\/uploads\/Captura-de-Tela-2025-06-24-as-16.51.00.png","width":1188,"height":604},{"@type":"BreadcrumbList","@id":"https:\/\/famarecapital.com\/project\/fama-esg-equities-fia-relatorio-de-gestao-1o-tri-2025\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/famarecapital.com\/"},{"@type":"ListItem","position":2,"name":"Projects","item":"https:\/\/famarecapital.com\/project\/"},{"@type":"ListItem","position":3,"name":"Fama ESG Equities FIA \u2013 Relat\u00f3rio de Gest\u00e3o 1\u00ba tri 2025"}]},{"@type":"WebSite","@id":"https:\/\/famarecapital.com\/#website","url":"https:\/\/famarecapital.com\/","name":"fama re.capital","description":"investing for change","publisher":{"@id":"https:\/\/famarecapital.com\/#organization"},"alternateName":"fama re.capital","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/famarecapital.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/famarecapital.com\/#organization","name":"fama re.capital","alternateName":"fama re.capital","url":"https:\/\/famarecapital.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/famarecapital.com\/#\/schema\/logo\/image\/","url":"https:\/\/famarecapital.com\/wp-content\/uploads\/231006_famarecapital_1080x1080-01.png","contentUrl":"https:\/\/famarecapital.com\/wp-content\/uploads\/231006_famarecapital_1080x1080-01.png","width":1080,"height":1080,"caption":"fama re.capital"},"image":{"@id":"https:\/\/famarecapital.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.linkedin.com\/company\/fama-recapital\/"]}]}},"_links":{"self":[{"href":"https:\/\/famarecapital.com\/en\/wp-json\/wp\/v2\/project\/259058","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/famarecapital.com\/en\/wp-json\/wp\/v2\/project"}],"about":[{"href":"https:\/\/famarecapital.com\/en\/wp-json\/wp\/v2\/types\/project"}],"author":[{"embeddable":true,"href":"https:\/\/famarecapital.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/famarecapital.com\/en\/wp-json\/wp\/v2\/comments?post=259058"}],"version-history":[{"count":6,"href":"https:\/\/famarecapital.com\/en\/wp-json\/wp\/v2\/project\/259058\/revisions"}],"predecessor-version":[{"id":259066,"href":"https:\/\/famarecapital.com\/en\/wp-json\/wp\/v2\/project\/259058\/revisions\/259066"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/famarecapital.com\/en\/wp-json\/wp\/v2\/media\/259061"}],"wp:attachment":[{"href":"https:\/\/famarecapital.com\/en\/wp-json\/wp\/v2\/media?parent=259058"}],"wp:term":[{"taxonomy":"project_category","embeddable":true,"href":"https:\/\/famarecapital.com\/en\/wp-json\/wp\/v2\/project_category?post=259058"},{"taxonomy":"project_tag","embeddable":true,"href":"https:\/\/famarecapital.com\/en\/wp-json\/wp\/v2\/project_tag?post=259058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}