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Last update: 2023-03-13 14:49:50

Active

This profile is actively maintained

Last update: 2023-03-13 14:49:50

About

Website	https://www.bradescori.com.br/en/
Headquarters	Cidade de Deus, Prédio Novo, Vila Yara 06029-900 Osasco São Paulo Brazil
CEO/chair	Octavio de Lazari Junior CEO
Supervisor	Banco Central do Brasil
Ownership	listed on Bolsa de Madrid, Brazil Stock Exchange & NYSE Banco Bradesco's shareholder structure can be accessed here.

Banco Bradesco was established in 1943 and is one of Brazil's largest private sector bank. The bank offers a range of financial products and services to customers in Brazil and abroad. It has an extensive private-sector branch and service network in Brazil. Its products and services encompass banking operations such as loans and advances and deposit-taking, credit card issuance, purchasing consortiums, insurance, leasing, payment collection and processing, pension plans, asset management and brokerage services.

Sustainability

Policies

Voluntary standards

Links

Sustainability

Policies and commitments

Policies and guidelines

Anti-Money Laundering and Terrorist Financing Policy

Bank policy

2022-10-31 00:00:00 | Banco Bradesco

Social and Environmental Investment Standard

Bank policy

2022-07-31 00:00:00 | Banco Bradesco

Sustainability Corporate Policy

Bank policy

2022-07-31 00:00:00 | Banco Bradesco

Social, Environmental and Climate Responsibility Standard

Bank policy

2022-06-30 00:00:00 | Banco Bradesco

Human rights commitment 2021

Bank policy

2022-06-24 00:00:00 | Banco Bradesco

Anti-corruption corporate policy

Bank policy

2022-06-21 00:00:00 | Banco Bradesco

Climate change management

Bank policy

2021-06-30 00:00:00 | Banco Bradesco

Corporate social responsibility management system

Bank policy

2021-03-17 00:00:00 | Banco Bradesco

Standard for social and environmental responsibility

Bank policy

2019-06-08 00:00:00 | Banco Bradesco

Human Rights Policy

Bank policy

2019-05-20 00:00:00 | Banco Bradesco

Ethics & Tax Practice of Bradesco Organization

Bank policy

2017-04-24 00:00:00 | Banco Bradesco

Code of Ethical Conduct

Bank policy

2015-07-25 00:00:00 | Banco Bradesco

Banco Bradesco has committed itself to the following voluntary standards:

Carbon Disclosure ProjectTags: carbon | climate change | greenhouse gas emissions

Dow Jones Sustainability IndicesTags: sustainable development | transparency

Equator PrinciplesTags: Equator Principles | project finance | corporate social responsibility | sustainable development

Global Reporting InitiativeTags: sustainable development | human rights

Net-Zero Banking Alliance (NZBA)Tags: climate change | corporate social responsibility | energy | energy plants

Partnership for Carbon Accounting Financials (PCAF)Tags: carbon | corporate social responsibility

Principles for Responsible Investment (PRI)Tags: corporate social responsibility | sustainable development | United Nations

Task Force on Climate-related Financial Disclosures (TCFD)Tags: corporate social responsibility | finance

UNEP Finance InitiativeTags: United Nations | sustainable development

United Nations Global CompactTags: United Nations | human rights

Dodgy Deals

Banco Bradesco is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of Banco Bradesco's link to these deals.

Projects / Companies

Finance type

Year

Campaigns

Banks and Climate

Reclaim Finance tracks the coal, oil and gas policies of financial institutions, including banks, in the Coal Policy Tracker and Oil and Gas Policy Tool. Find further details on their assessment of Banco Bradesco fossil fuel policy below.

Banks and Human Rights

BankTrack assessed Banco Bradesco in its 2022 Global Human Rights Benchmark, where it achieved 5.5 points out of 14 and was ranked as a follower. In addition, Banco Bradesco scored 0 out of 3 on how it responds to alleged human rights violations linked to its finance, which were raised by civil society organisations. More information is detailed in the "Accountability" section of this profile.

BankLast update

Country

Score

Ranking

Details

Banco Bradesco

BRA

5.5

Follower

Explanation

Laggard

Follower

Front runner

Leader

0 - 3 points

3.5 - 6.5 points

7 - 10 points

10.5 - 14 points

For more details see this page.

Banks and Nature

Banco Bradesco's policies for forest-risk sectors (beef, soy, palm oil, pulp and paper, rubber and timber) have been assessed by the Forests & Finance coalition, achieving an overall score of 1 out of 10 and ranking it as a follower. Banco Bradesco achieved a score of 1 out of 10 specifically for its policies related to the beef sector and 1 out of 10 for its policies related to the palm oil sector. In addition, BankTrack and the Environmental Paper Network have assessed Banco Bradesco's policies related to the pulp and paper sector.

Between 2016 and 2022, Banco Bradesco provided USD 18,583 million in credit to companies operating in these forest-risk sectors and held investments amounting to USD 58 million as of 2022. For more information, see the links below.

BankLast update

Country

Score

Ranking

Details

Banco Bradesco

2022-09-21

BRA

Follower

Explanation

A bank can obtain a total of 10 points for the quality of its policies. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard

Follower

Front runner

Leader

0 - 1 points

1 - 4 points

4 - 7 points

7 - 10 points

For more details see this page.

BankLast update

Country

Score

Ranking

Details

Banco Bradesco

2022-09-21

BRA

1.0

Follower

Explanation

A bank can obtain a total of 10 points for the quality of its beef policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard

Follower

Front runner

Leader

0 - 1 points

1 - 4 points

4 - 7 points

7 - 10 points

For more details see this page.

BankLast update

Country

Score

Ranking

Details

Banco Bradesco

2022-09-21

BRA

1.0

Follower

Explanation

A bank can obtain a total of 10 points for the quality of its palm oil policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard

Follower

Front runner

Leader

0 - 1 points

1 - 4 points

4 - 7 points

7 - 10 points

For more details see this page.

Tracking the Net Zero Banking Alliance

Banco Bradesco is a member of the Net Zero Banking Alliance (NZBA) and has therefore committed to reduce its financed emissions to net zero by 2050; within 18 months of joining the alliance set interim targets for 2030 (or sooner) for high emission priority sectors, and within 36 months set further sector targets; set new intermediary targets every 5 years from 2030 onwards; annually publish data on emissions and progress against a transition strategy including climate-related sectoral policies; and take a robust approach to the role of offsets in transition plans. BankTrack track's implementation of these commitments in the NZBA compliance tracker.

News

BankTrack

Partners

Blog

External

Active

Active

Links

Sustainability

Policies and commitments

Policies and guidelines

Anti-Money Laundering and Terrorist Financing Policy

Social and Environmental Investment Standard

Sustainability Corporate Policy

Social, Environmental and Climate Responsibility Standard

Human rights commitment 2021

Anti-corruption corporate policy

Climate change management

Corporate social responsibility management system

Standard for social and environmental responsibility

Human Rights Policy

Ethics & Tax Practice of Bradesco Organization

Code of Ethical Conduct

Banks and Climate

Banks and Human Rights

Global Human Rights Benchmark 2022

Banks and Nature

Forest & Finance Policy Assessment 2022: Overall scores

Forest & Finance Policy Assessment 2022: Beef

Forest & Finance Policy Assessment 2022: Palm Oil

Tracking the Net Zero Banking Alliance

New human rights assessment of banks shows slow progress and lack of action to address key gaps on reporting and remedy

Our nature and climate demand a reduction of industrial beef production, but banks missed the memo

Global bank policies ‘dangerously inadequate’ to prevent financing of deforestation, climate chaos and human rights abuses

Banks injected USD 37.7 billion in mining companies at risk of causing forest destruction and human rights violations

Investment funds injected US$ 54.1 billion into mining companies with interests in Indigenous territories in the Amazon

Activists tell banks and investors to stop doing business with the world’s largest meat company JBS

The Chain: Active Fires Detected in SLC Agrícola’s Fazenda Perdizes Property in the Amazon

Forests & Finance Coalition warns foreign investors about the risk of the anti-environment agenda in the Brazilian Congress

Brazilian meat company JBS issues "sustainability-linked" bonds: Forests & Finance coalition responds

JBS shows SLB label is nothing without scrutiny

World’s 50 largest banks and investors driving deforestation through weak policies and major investments, new study finds

Banks called upon to take action to protect biodiversity ahead of UN Biodiversity Conference in Kunming

Banks Funnelled Over USD 150 Billion Into Companies Driving Deforestation Since Paris Agreement, New Data Analyses Shows

A call to action on the Principles for Responsible Banking: End climate-destructive financing now

Principles for Responsible Banking no obstacle to finance climate destruction

New BankTrack Equator Principles reporting tracking tool launched

Banks funnelled over USD 150 billion into companies driving deforestation since Paris Agreement, new data analysis shows

Bradesco, Itaú, and Santander Launch Plan Promoting Sustainable Development in Amazon

Global finance sector failing to apply conservation criteria to pulp and paper funding

4 out of 5 banks failing on human rights, new BankTrack Human Rights Benchmark shows

BankTrack 2019 Human Rights Benchmark: criteria and scope announced

Brazilian's public prosecutors office is suing banks for providing credit to companies that are on the slave labour black list

Principles must bring commitments

Financiers of pulp and paper industry projects will cause environmental and social harm, says new report

TCFD: banks supporting better disclosure are not the ones exiting coal project finance

Equator Principles goes beyond project finance, improves transparency

While BankTrack criticizes Equator Principles, IFC celebrates Community of Learning

Time to Improve the Equator Principles, BankTrack Says

BankTrack to Equator Principles banks; ‘get the Outside Job done’

Financiers search for sustainable future

New rules for Equator Principles, but no new commitments from banks

Bancos ainda financiam atividades não sustentáveis

BankTrack calls upon banks to Close the Gap on investment policies

Equator Principles: Action, not words needed

Civil society groups call for bold steps forward with Equator Principles

Environmentalists Blast Construction License for Amazon Dam

Independent Experts Find Fatal Flaws in Amazon Dam Studies

BankTrack Global Human Rights Benchmark 2022

Anti-Money Laundering and Terrorist Financing Policy

Social and Environmental Investment Standard

Sustainability Corporate Policy

Social, Environmental and Climate Responsibility Standard

Human rights commitment 2021

Anti-corruption corporate policy

Social and Environmental Investment Standard

Annual report 2021

Recipients of the letter about the risk of the anti-environment agenda in the Brazilian Congress

Climate change management

Guidance on Biodiversity Target Setting for PRB signatories

Forests & Finance 2021 Briefing - Is Your Money Destroying Rainforests or Violating Rights?

Annual report 2020

Corporate social responsibility management system

A Call to Action on the Principles for Responsible Banking: End Climate-Destructive Financing Now

Annual integrated report 2019