ActiveThis profile is actively maintained
ActiveThis profile is actively maintained
Cidade de Deus, Prédio Novo, Vila Yara
06029-900 Osasco São Paulo
Octavio de Lazari Junior
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.
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.
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.
Global Human Rights Benchmark 2022
Banco Bradesco's human rights policies, processes and reporting were assessed as part of the BankTrack Global Human Rights Benchmark 2022. The bank is assessed as a Follower, with a total score of 5.5 out of 14.
Due dilligence: 1.5/5
The bank was also assessed on its responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations, for which it received an average score of 0/3. See the Response Tracking section of this profile for more details.
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.
Forest & Finance Policy Assessment 2022: Overall scores
The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of Banco Bradesco's relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on Banco Bradesco's profile.
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:
Forest & Finance Policy Assessment 2022: Beef
The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of ABN AMRO's relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Banco Bradesco's profile.
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:
Forest & Finance Policy Assessment 2022: Palm Oil
The policy assessment covers the bank's policies related to palm oil. Weighted scores are based on the scope of ABN AMRO's relevant policies, taking into account what types and how much finance the bank provides to companies active in the palm oil industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Banco Bradesco's profile.
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:
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.
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
Recipients of the letter about the risk of the anti-environment agenda in the Brazilian Congress
Forests & Finance 2021 Briefing - Is Your Money Destroying Rainforests or Violating Rights?
A Call to Action on the Principles for Responsible Banking: End Climate-Destructive Financing Now
Segunda notificação extrajudicial- Complexo Hidreletrico de Belo Monte- Banco Bradesco
EPN assessment of policies against 14 minimum criteria - Bradesco
Environmental Paper Network (EPN) evaluated the policies of 68 major financiers of the pulp and paper industry against 14 absolute minimum criteria that all financial institutions should require their clients, investments and business partners to respect in order to reduce social and environmental risks.
Banco Bradesco has not established any grievance mechanisms available to individuals and communities for human rights violations linked to its financing.
However, it is possible to report breaches of the bank's code of ethical conduct either by sending an email at email@example.com or by filling in a complaint form, whereas customers can file a complaint here.
Stakeholders may raise complaints via the OECD National Contact Points (see OECD Watch guidance).
This page evaluates Banco Bradesco's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".