More about Banco do Brasil’s sustainability activities

Question 1

What is Banco do Brasil doing for sustainability?

Accepted Answer

Banco do Brasil has 12 commitments in line with global sustainable development priorities. These are targets to be achieved by 2030, in line with the UN Sustainable Development Goals (SDGs) and the Paris Agreement.

Question 2

What are Banco do Brasil’s 12 commitments?

Accepted Answer

• Sustainable credit portfolio: reach a balance of R$500 billion by 2030;
• Promotion of renewable energy: reach a balance of R$30 billion by 2030;
• Promotion of sustainable agriculture: reach a balance of R$200 billion by 2030;
• Enhancing State and Municipal Efficiency: disbursing R$40 billion in credit operations by 2030 in sectors such as agriculture, culture, civil protection, education, energy efficiency and public lighting, sports and leisure, road infrastructure, public cleaning, environment, urban mobility, health, safety and health monitoring;
• Sustainable investment products: to achieve a balance of R$22 billion in sustainable investment funds by 2030, in line with the regulatory change for investment funds on the subject;
• Generation of sustainable resources: to originate R$100 billion in sustainable resources for Banco do Brasil and its customers by 2030;
• Direct greenhouse gas emissions: Offset 100% of Scope 1 and 2 emissions, achieve 100% use of renewable energy - owned, free market and RECs - from 2023 and reduce direct (Scope 1) emissions by 42% by 2030;
• Diversity: Achieve 30% women in senior management at Banco do Brasil by 2025 and 30% black, brown, indigenous and other under-represented ethnic groups in leadership positions by 2025;
• Digital maturity: reach 17 million digitally mature customers by 2025;
• Financial inclusion: renegotiate the debts of 2.5 million customers earning up to two minimum wages by 2025 and reach 1 million entrepreneurs with credit by 2025;
• Private social investment: invest R$1 billion in education, environmental protection, socio-productive inclusion, promotion of volunteerism and social technologies through the Banco do Brasil Foundation by 2030;
• Afforestation and forest conservation: Achieve one million hectares conserved and/or reforested by 2025. Strengthen practices that promote the restoration of rangelands and degraded areas and ensure zero illegal deforestation in Banco do Brasil financing.

Question 3

What is Agenda 30 Banco do Brasil?

Accepted Answer

It is a tool for promoting business and ESG (Environmental, Social and Governance) practices at the institution, which aims to strengthen its transformative role in promoting a low-carbon, green and inclusive economy and expanding our value-added activities. The Sustainability Plan - Agenda 30 Banco do Brasil (portuguese only) 2023-2025 has 47 actions and 100 indicators, divided between the social, environmental and governance dimensions.

Question 4

What is ESG?

Accepted Answer

ESG stands for Environmental, Social and Governance and refers to the criteria that guide a particular institution. In Banco do Brasil’s case, these are aspects that are inherent in every relationship the bank has with its stakeholders.

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