Banco do Brasil is partly state-owned, partly publicly
listed at the stock exchange in Sao
Paulo. Banco do Brasil was founded by then prince-regent João VI of Portugal to finance the kingdom's
public debt when he moved from Europe to Brazil, in 1808. The close relations between bank and state reflect in the fact that the
CEO is appointed by the Brazilian president, and can also be ousted by him, as happened with the latest CEO in April 2009.
ownership
listed on BM&F Bovespa
65,6% national treasure, 10,2 % PREVI, 2,5% BNDES, 21,7 % publicly listed at stock market of Sao Paolo
headquarters
SBS Quadra 01 Bloco G ed. sede III - 24° Andar Setor Bancario Sul
70073-901 Brasília
Brazil
position top 1000 the Banker
In million US$. Ranking according to Tier 1 capital, as per definition Bank of International Settlements (BIS)
The CDP impels organisations to record their carbon footprint in daily activities. Encouraging enterprises to calculate and disclose their carbon impact, this initiative highlights the challenge for financial institutions to determine exactly how much carbon output can be attributed to financing.
Voluntary framework to guide the finance sector in tackling the challenge of climate change. They address the management of operational greenhouse gas (GHG) emissions and provide direction on managing climate change in research activities; asset management; retail banking; insurance & re-insurance; corporate banking; investment banking & markets; project finance.
The EPs are a set of guidelines, based upon the Performance Standards and guidelines from the IFC, the World Bank's private sector lending arm for private banks to asesses and mitigate risks in project finance. Banks use the Principles to guide internal operating procedures for transaction for specific projects. Although the EPs are an important step to raise overall standards of financiers and projects in the developing world, they currently fall short on transparency and governance requirements.
The verification and full publication of company payments and government revenues from oil, gas and mining is supported by the EITI. Financial institutions can participate and encourage resource-rich countries to support the initiative that aims to defeat poverty, corruption and conflict caused by weak transparency and accountability.
As the name suggests, the GRI aims to standardise good practice in transparency. GRI provides companies with guidelines to organise their annual report with reporting indices and standards addressing environmental, social and economic issues that business ought to address when telling the world about its performance.
The UN Global Compact is a set of ten principles that companies may sign voluntarily. Signatories promise to avoid complicity in human rights violations, adhere to labour standards, protect the environment and avoid corruption. The G8 countries urge companies to participate in this initiative, and with over 2900 companies signing up, the Global Compact has momentum. A voluntary and network based framework, the Global Compact actively promotes peer review and stakeholder participation.
UNEP is the 'voice of the environment' for the United Nations system, promoting international cooperation in the field of the environment. Issues concerning the financial community are addressed by the UNEP Finance Initiative which promotes investment in clean and renewable energy by financial institutions and other investors. Financial insititutions wishing to join must sign one of two Statements (for financial institutions and a separate one for the insurance industry).
UNPRI is a set of six principles direct institutional investors may adopt to consider environmental, social and corporate governance issues when investing. Voluntary and aspirational in nature, UNPRI has since its inception in 2006 attracted 200 signatories, representing US$8 trillion worth of investments.
Since the turn of the century a group of twelve banks known as the Wolfsberg Group have collaborated to improve ethical standards. The principles provide guidance on money laundering, corruption and the financing of terrorism. They have been produced to address deficiencies in areas 'yet to be fully articulated by lawmakers or regulators'.
General Banktrack reaction on policies Banco do Brasil
Banco do Brasil's Socio-Environmental
Responsibility Charter states that the bank undertakes to operate according
to universal values such as human rights, fundamental labour principles and
rights, and principles on environment and development. However, since the bank
has not set any clear policies or criteria for its clients and investments, no
additional points are credited.
agriculture
0
1
2
3
4
5
arms industry and trade
0
1
2
3
4
5
fisheries
0
1
2
3
4
5
forestry
0
1
2
3
4
5
mining
0
1
2
3
4
5
oil and gas
0
1
2
3
4
5
power generation
0
1
2
3
4
5
biodiversity
0
1
2
3
4
5
climate change
0
1
2
3
4
5
corruption
0
1
2
3
4
5
human rights
0
1
2
3
4
5
indigenous peoples
0
1
2
3
4
5
labour
0
1
2
3
4
5
operation in conflict zones
0
1
2
3
4
5
taxation
0
1
2
3
4
5
toxics
0
1
2
3
4
5
accountability
0
1
2
3
4
5
transparency
0
1
2
3
4
5
headquarters
SBS Quadra 01 Bloco G ed. sede III - 24° Andar Setor Bancario Sul
70073-901 Brasília
Brazil
position top 1000 the Banker
In million US$. Ranking according to Tier 1 capital, as per definition Bank of International Settlements (BIS)
Roland Widmer, Amigos da Terra Amazônia Brasileira - Brazil
Belo Monte dam project
The Belo Monte Dam on the Xingu River is currently the largest dam project under consideration anywhere on the planet, and would be the world’s third largest in installed…
Located in the state of Rondônia - Brazil, the Madeira River is the principal tributary of the Amazon River, with its basin covering about one-quarter of the Brazilian…
Roland Widmer, Amigos da Terra Amazônia Brasileira - Brazil
bank feedback
The Banco do Brasil fully applies the Equator Principles at the Rio Madeira Dams projects, with periodical social and environmental auditing on the entrepreneurs initiatives, with strong commitment to social and environmental issues.
The implementation of impact compensation and mitigation plans according to previous defined schedules are a conditio sine qua non to implement the project and the entrepeneur is obliged to complain with the Equator Principles and Social and Environmental brazilian legislation to receive the loan.
last save by banker:
23 months ago (Mar 15, 2010)
BankTrack has identified controversial issues
with the companies listed below that require attention from Banco do Brasil.
headquarters
SBS Quadra 01 Bloco G ed. sede III - 24° Andar Setor Bancario Sul
70073-901 Brasília
Brazil
position top 1000 the Banker
In million US$. Ranking according to Tier 1 capital, as per definition Bank of International Settlements (BIS)
Letter to BankTrack as a response to BT letter of February 11, 2010
Mar 29, 2010 | Equator Principles Financial Insititutions, Citi
The first response ever to one of the letters BankTrack sent to the Equator Principles Financial Insititutions. It is a response to the BankTrack follow up letter after the meeting in Zuerich, February 4.
Rede de organizações pede a bancos efetivação e melhoria aos Princípios do Equador
Jan 14, 2010 | BankTrack
Entre as ações reivindicadas pela articulação Banktrack estão: transparência, prestação de contas e implementação das ações prevista no tratado, além da inclusão de políticas de combate às mudanças climáticas
The implementation of impact compensation and mitigation plans according to previous defined schedules are a conditio sine qua non to implement the project and the entrepeneur is obliged to complain with the Equator Principles and Social and Environmental brazilian legislation to receive the loan.
23 months ago (Mar 15, 2010)