BANKS DODGY DEALS CAMPAIGNS
Sections
Banks Dodgy Deals Campaigns
Our campaigns
Banks and Climate
Banks and Human Rights
Banks and Nature
Our projects
Tracking the NZBA
Banks and Russia
Banks and Steel
Tracking the Equator Principles
Tracking the PRBs
Find a Better Bank
Banks and the OECD Guidelines
Media
News Publications
Raiffeisen Out! Bank.Green End Coal Finance Plastic Banks Tracker Defund TotalEnergies Financial Exclusions Tracker Equator-Complaints.Org Don't Buy into Occupation Banks & Biodiversity Forests & Finance Drop JBS StopEACOP Fossil-Free Finance
BankTrack
About BankTrack Organisation Our team Our board Our annual reports Funding and finances Guiding principles Our history BankTrack in the media Team up with us Our privacy policy Donate Visit us
Successes Contact BankTrack
Donate Mailing list Facebook Twitter Linkedin Login
Home › Banks ›
Bank
Banco do BrasilBrazil

Active

This profile is actively maintained
Last update: 2024-12-17 11:24:38
Banco do Brasil head offices in Brasilia. Photo: Agencia Senado via Flickr (CC BY 2.0)

Active

This profile is actively maintained
Last update: 2024-12-17 11:24:38
Bank info
BankTrack campaigns
All
About
Website http://www.bb.com.br
Headquarters
SBS Quadra 01 Bloco G ed. sede III - 24° Andar Setor Bancario Sul
70074-900 Brasilia
Brazil
CEO/chair Tarciana Paula Gomes Medeiros
CEO
Supervisors
Banco Central do Brasil & Federal Government Brasil
Ownership
listed on Brazil Stock Exchange

The Brazilian Federal Government is the largest shareholder (50%) in Banco do Brasil. The bank's complete shareholder structure can be accessed here.

Banco do Brasil is a Brazilian bank, partly state-owned, partly publicly listed at the stock exchange in Sao Paulo. Banco do Brasil was founded in 1808 by then prince-regent João VI of Portugal to finance the kingdom's public debt when he moved from Europe to Brazil. The close relations between bank and state are reflected in the fact that the CEO is appointed by the Brazilian president. The bank offers insurance, retail banking and private equity services.

Sustainability
Commitments
Policies
Voluntary standards

Banco do Brasil's most important sustainability commitments can be found at the website sections listed below.

Links

Sustainability

Governance, Policies and Guidelines

2024-09-10 00:00:00

Committment to climate change

Bank policy
2024-09-10 00:00:00 | Banco do Brasil
2024-06-17 00:00:00

Code of Ethics 2024-2025

Bank policy
2024-06-17 00:00:00 | Banco do Brasil
2024-06-11 00:00:00

Human Right Policy

Bank policy
2024-06-11 00:00:00 | Banco do Brasil
2024-05-16 00:00:00

Greenhouse Gas (GHG) Inventory 2023

Bank policy
2024-05-16 00:00:00 | Banco do Brasil
2023-12-31 00:00:00

Socio-environmental Guidelines December - 2023 Restrictive List and Exclusion List

Bank policy
2023-12-31 00:00:00 | Banco do Brasil
2023-12-31 00:00:00

Sustainability Guidelines for Credit

Bank policy
2023-12-31 00:00:00 | Banco do Brasil
2023-11-21 00:00:00

Social, environmental and climate responsibility policy

Bank policy
2023-11-21 00:00:00 | Banco do Brasil
2023-08-18 00:00:00

Sustainability Plan – Agenda 30

Bank policy
2023-08-18 00:00:00 | Banco do Brasil
2022-05-31 00:00:00

Social, Environmental and Climate Risk Mitigation Cases

Bank policy
2022-05-31 00:00:00 | Banco do Brasil
2020-12-21 00:00:00

Private social investment guidelines

Bank policy
2020-12-21 00:00:00 | Banco do Brasil
2020-06-30 00:00:00

Restrictive list and exclusion list

Bank policy
2020-06-30 00:00:00 | Banco do Brasil
2020-01-03 00:00:00

Social and environmental risk

Bank policy
2020-01-03 00:00:00 | Banco do Brasil
2019-08-09 00:00:00

Socio-environmental guidelines for controversial issues

Bank policy
2019-08-09 00:00:00 | Banco do Brasil
2018-12-31 00:00:00

Code of Ethics and Standards of Conduct

Bank policy
2018-12-31 00:00:00 | Banco do Brasil
2017-12-18 00:00:00

Specific Policy of Prevention and Combat Against Money Laundering, Terrorism Financing and Corruption

Bank policy
2017-12-18 00:00:00 | Banco do Brasil
Banco do Brasil has committed itself to the following voluntary standards:
Carbon Disclosure ProjectTags: carbon | climate change | greenhouse gas emissions
Equator PrinciplesTags: Equator Principles | project finance | corporate social responsibility | sustainable development
Global Reporting InitiativeTags: sustainable development | human rights
ISO 14001Tags: transparency
Principles for Responsible Investment (PRI)Tags: corporate social responsibility | sustainable development | United Nations
Protocolo Verde Brasil (Brazil Green Protocol) Tags: corporate social responsibility | sustainable development
United Nations Global CompactTags: United Nations | human rights
Dodgy Deals

Banco Do Brasil 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 Do Brasil's link to these deals.

Projects / Companies
Finance type
Year
News
BankTrack
Partners
Blog
External
Blog
BankTrack news BankTrack blog Partner news Partner blog

Most large banks still failing to implement UN human rights principles, new BankTrack benchmark finds

Despite gradual progress, banks show little action in addressing impacts, protecting vulnerable groups and supporting affected communities.
2024-11-27 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Major banks fueling biodiversity collapse by $395 billion since the Paris Agreement; Governments failing to reign in banks

New reports reveal escalating financing to destructive sectors and highlight the urgent need for financial sector regulations to achieve Global Biodiversity Goals
2024-10-16 | San Francisco | BankTrack, Amazon Watch, CED Cameroon, Friends of the Earth US, Milieudefensie, Profundo, Rainforest Action Network, Repórter Brasil, Sahabat Alam Malaysia, TuK INDONESIA
Blog
BankTrack news BankTrack blog Partner news Partner blog

BankTrack set to publish 2024 Global Human Rights Benchmark in November

50 of the world’s largest banks were invited to provide feedback on draft assessments of their human rights disclosures
2024-07-23 | Nijmegen, Netherlands | Giulia Barbos – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Pulp Fiction: the dystopian reality of the origin of your paper

A new report by Environmental Paper Network International debunks the story that paper is ‘green’ and ‘renewable’. Evidence piles up on the ecological and human impacts of the pulp expansion frenzy.  
2024-07-16 | Environmental Paper Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

How Dutch banks finance agrilobby in Brazil

The new report exposes the links between Dutch financial institutions and agribusiness lobby
2024-03-21 | Amsterdam | Eerlijke Bankwijzer, Fair Bank Guide Netherlands
Blog
BankTrack news BankTrack blog Partner news Partner blog

New benchmark from BankTrack shows Latin American banks falling short on human rights

All 17 Latin American banks assessed are meeting fewer than half of their responsibilities under the UN Guiding Principles
2024-03-12 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Major bank and investor policies accelerating forest destruction, biodiversity loss, climate chaos and rights violations

New analysis documents $307 billion flowing from big finance into forest-risk commodities driving massive tropical deforestation
2023-12-04 | BankTrack, Forests & Finance Coalition
BankTrack news BankTrack blog Partner news Partner blog

UBS and Santander’s ‘green’ bonds linked to deforesters and rancher accused of slave labour in Brazil

2023-10-17 | Greenpeace Unearthed
Blog
BankTrack news BankTrack blog Partner news Partner blog

Understanding how Brazilian banks finance agribusiness

2023-07-03 | Fair Finance International
Blog
BankTrack news BankTrack blog Partner news Partner blog

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

BankTrack’s 2022 Global Human Rights Benchmark finds reporting at a standstill, remedy still lacking and no clear leaders
2022-11-17 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

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

As the climate and biodiversity crisis intensifies, credit to forest-risk commodity companies increased 160% between 2020 and 2021.
2022-10-18 | Forests & Finance Coalition
Blog
BankTrack news BankTrack blog Partner news Partner blog

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

2021-08-19 | Forests & Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

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

Top investors BlackRock, Vanguard, State Street, PNB, EPF, GPIF, and KWAP all amongst lowest scoring
2021-06-08 | Forests & Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

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

Civil society organizations urge banks to adopt stringent “No Go” policy for biodiversity rich areas
2021-05-26 | Nijmegen | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Brandherd mit Dividende

Die Schweizer Grossbank UBS will mit brasilianischen Agrarkonzernen gross ins Geschäft kommen. Im Amazonas Millionen verdienen, aber umweltfreundlich und nachhaltig: Kann das gehen?
2021-04-28 | Republik
BankTrack news BankTrack blog Partner news Partner blog

Investigation: Dutch, Japanese pension funds pay for Amazon deforestation

2021-02-05 | Mongabay
BankTrack news BankTrack blog Partner news Partner blog

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

2020-11-16 | Forests & Finance
BankTrack news BankTrack blog Partner news Partner blog

Brazilian and international banks financing global deforestation: Reports

2020-11-09 | Mongabay
Blog
BankTrack news BankTrack blog Partner news Partner blog

New BankTrack Equator Principles reporting tracking tool launched

2020-09-21 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

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

First-ever database reveals true scope of financing of forest-risk commodity companies, amidst global rainforest fires
2020-09-01 | San Francisco | BankTrack, Forests & Finance, Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Equator Principles: New BankTrack database sheds light on patchy project name reporting

BankTrack publishes database of Equator-financed projects, together with analysis showing some banks report few or no project names – notable poor performers include ING, HSBC and Lloyds
2020-06-29 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

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

2020-03-21 | New York/Amsterdam | Environmental Paper Network
BankTrack news BankTrack blog Partner news Partner blog

TRT ratifica decisão liminar que obriga Eldorado a adequar jornada de trabalho de seus motoristas

2020-01-24 | Ministerio Publico do Trabalho
Blog
BankTrack news BankTrack blog Partner news Partner blog

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

Lloyds, Bank of America, Goldman Sachs and Société Générale among the poorest performers in BankTrack ranking, alongside Canadian and Chinese banks
2019-11-26 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

BankTrack 2019 Human Rights Benchmark: criteria and scope announced

2019-06-25 | Nijmegen | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

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

(article in Portuguese)
2019-05-24 | Opovo online
BankTrack news BankTrack blog Partner news Partner blog

Justiça condena indústria Eldorado a indenizar sociedade em R$ 2 milhões por infrações trabalhistas

2018-08-28 | Ministerio Publico do Trabalho
Blog
BankTrack news BankTrack blog Partner news Partner blog

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

2017-08-01 | Mandy Haggith – Environmental Paper Network
BankTrack news BankTrack blog Partner news Partner blog

Equator Principles goes beyond project finance, improves transparency

2012-08-13 | Environmental Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Belo Monte dam does not meet sustainability criteria of world's private banks, say rights groups

2011-11-07 | Brazil | International Rivers and Amigos da Terra-Amazônia
BankTrack news BankTrack blog Partner news Partner blog

While BankTrack criticizes Equator Principles, IFC celebrates Community of Learning

2011-10-25 | Washington | prizmablog.com
BankTrack news BankTrack blog Partner news Partner blog

Time to Improve the Equator Principles, BankTrack Says

BankTrack mentioned
2011-10-24 | Washington | Social Funds
BankTrack news BankTrack blog Partner news Partner blog

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

Equator Principles update must lead to new Principles focused on people and planet
2011-10-23 | Washington | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Financiers search for sustainable future

BankTrack mentioned
2011-10-20 | Washington | Environmental Finance
BankTrack news BankTrack blog Partner news Partner blog

Banco do Brasil sued over ‘slavery’ funding

2011-04-01 | Sao Paolo | Financial Times
Blog
BankTrack news BankTrack blog Partner news Partner blog

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

New governance rules represent missed chance for Equator Principles to take bold steps forward on transparency and accountability
2010-07-01 | Nijmegen, the Netherlands | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Bancos ainda financiam atividades não sustentáveis

2010-05-11 | Brazil | estadao
Blog
BankTrack news BankTrack blog Partner news Partner blog

BankTrack calls upon banks to Close the Gap on investment policies

New report evaluates quality of investment policies of 49 banks; more policies in place, overall quality below what is required
2010-04-27 | Nijmegen, the Netherlands | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Equator Principles: Action, not words needed

BankTrack calls upon Citi, new chair of Equator Principles to take bold steps forward
2010-03-15 | Nijmegen, The Netherlands | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Civil society groups call for bold steps forward with Equator Principles

Major reforms needed on transparency, accountability, implementation and climate change
2010-01-14 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Environmentalists Blast Construction License for Amazon Dam

2008-08-14 | Sao Paulo | Amigos da Terra Amazonia Brasileira
Blog
BankTrack news BankTrack blog Partner news Partner blog

Independent Experts Find Fatal Flaws in Amazon Dam Studies

International Rivers
2006-11-13 | Sao Paulo, San Fransisco | Amigos da Terra Amazonia Brasileira
Resources
Documents
Links
2024-10-16 00:00:00

Banking on biodiversity collapse 2024

Partner publication
2024-10-16 00:00:00 | Forest and Finance Coalition
2024-09-10 00:00:00

Committment to climate change

Bank policy
2024-09-10 00:00:00 | Banco do Brasil
2024-07-16 00:00:00

Suzano's Pulp Fiction

Comparing words and deeds of the world’s largest eucalyptus pulp producer
NGO document
2024-07-16 00:00:00 | EPN
2024-06-17 00:00:00

Code of Ethics 2024-2025

Bank policy
2024-06-17 00:00:00 | Banco do Brasil
2024-06-11 00:00:00

Human Right Policy

Bank policy
2024-06-11 00:00:00 | Banco do Brasil
2024-05-16 00:00:00

Greenhouse Gas (GHG) Inventory 2023

Bank policy
2024-05-16 00:00:00 | Banco do Brasil
2024-03-21 00:00:00

How the Netherlands finances agrilobby in Brazil

A case study for the Fair Bank Guide Netherlands
Partner publication
2024-03-21 00:00:00 | Fair Bank Guide Netherlands
2024-03-18 00:00:00

Still Butchering the Planet

Partner publication
2024-03-18 00:00:00 | Feedback
2024-01-22 00:00:00

Letter from BankTrack, Both ENDS and 12 other CSOs to Vale's investors on Brumadinho disaster 5th anniversary

Correspondence
2024-01-22 00:00:00 | BankTrack, Both ENDS and 12 other CSOs
2023-12-31 00:00:00

Socio-environmental Guidelines December - 2023 Restrictive List and Exclusion List

Bank policy
2023-12-31 00:00:00 | Banco do Brasil
2023-12-31 00:00:00

Sustainability Guidelines for Credit

Bank policy
2023-12-31 00:00:00 | Banco do Brasil
2023-11-21 00:00:00

Social, environmental and climate responsibility policy

Bank policy
2023-11-21 00:00:00 | Banco do Brasil
2023-08-18 00:00:00

Sustainability Plan – Agenda 30

Bank policy
2023-08-18 00:00:00 | Banco do Brasil
2023-05-15 00:00:00

Annual report 2022

Annual report
2023-05-15 00:00:00 | Banco do Brasil
2022-11-17 00:00:00

BankTrack Global Human Rights Benchmark 2022

BankTrack publication
2022-11-17 00:00:00 | BankTrack
2022-05-31 00:00:00

Social, Environmental and Climate Risk Mitigation Cases

Bank policy
2022-05-31 00:00:00 | Banco do Brasil
2022-05-16 00:00:00

Annual report 2021

Annual report
2022-05-16 00:00:00 | Banco do Brasil
2021-08-19 00:00:00

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

NGO document
2021-08-19 00:00:00 | BankTrack
2021-06-23 00:00:00

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

NGO document
2021-06-23 00:00:00 | Forests and Finance
2021-05-20 00:00:00

Annual report 2020

Annual report
2021-05-20 00:00:00 | Banco do Brasil
2021-05-20 00:00:00

CSR Report 2020

Annual report
2021-05-20 00:00:00 | Banco do Brasil
2020-12-21 00:00:00

Private social investment guidelines

Bank policy
2020-12-21 00:00:00 | Banco do Brasil
2020-12-10 00:00:00

The money that feeds the cattle

NGO document
2020-12-10 00:00:00 | Repórter Brasil
2020-07-21 00:00:00

Annual report 2019

Annual report
2020-07-21 00:00:00 | Banco do Brasil
2020-06-30 00:00:00

Restrictive list and exclusion list

Bank policy
2020-06-30 00:00:00 | Banco do Brasil
2020-01-03 00:00:00

Social and environmental risk

Bank policy
2020-01-03 00:00:00 | Banco do Brasil
2019-08-09 00:00:00

Socio-environmental guidelines for controversial issues

Bank policy
2019-08-09 00:00:00 | Banco do Brasil
2019-04-30 00:00:00

Annual report 2018

Annual report
2019-04-30 00:00:00 | Banco do Brasil
2018-12-31 00:00:00

Code of Ethics and Standards of Conduct

Bank policy
2018-12-31 00:00:00 | Banco do Brasil
2018-03-31 00:00:00

Annual report 2017

Annual report
2018-03-31 00:00:00 | Banco do Brasil
2017-12-18 00:00:00

Specific Policy of Prevention and Combat Against Money Laundering, Terrorism Financing and Corruption

Bank policy
2017-12-18 00:00:00 | Banco do Brasil
2017-03-31 00:00:00

Annual Report 2016

Annual report
2017-03-31 00:00:00 | Banco do Brasil
2016-06-30 00:00:00

Annual report 2015

Annual report
2016-06-30 00:00:00 | Banco do Brasil
2016-06-02 00:00:00

Green Paper, Red Lines

Requirements for pulp and paper industry finance
BankTrack publication
2016-06-02 00:00:00 | BankTrack, Environmental Paper Network
2015-06-25 00:00:00

Annual Report 2014

Annual report
2015-06-25 00:00:00 | Banco do Brasil
2014-01-01 00:00:00

Annual Report 2013

Annual report
2014-01-01 00:00:00
2013-10-24 00:00:00

Corporate Governance Code

Other bank document
2013-10-24 00:00:00 | Banco do Brasil
2013-01-01 00:00:00

Annual Report 2012

Annual report
2013-01-01 00:00:00
2012-12-19 00:00:00

An Introduction to the Brazilian Banking Sector and its Sustainability Practices

NGO document
2012-12-19 00:00:00 | Amigos da Terra – Amazônia Brasileira
2012-12-19 00:00:00

Introdução ao Setor Bancário Brasileiro e Suas Práticas de Sustentabilidade

NGO document
2012-12-19 00:00:00 | Amigos da Terra – Amazônia Brasileira
2012-01-01 00:00:00

Connection and Sustainability 2011

Annual report
2012-01-01 00:00:00
2011-10-25 00:00:00

Segunda notificação extrajudicial- Complexo Hidreletrico de Belo Monte- Banco do Brasil

short version
Correspondence
2011-10-25 00:00:00 | Amigos da Terra- Amazonia Brasileira
2011-10-25 00:00:00

Notificação extrajudicial: teor da presente notificação- Banco do Brasil

Long version
Correspondence
2011-10-25 00:00:00 | Amigos da Terra- Amazonia Brasileira
2010-12-18 00:00:00

Letter from BankTrack to EPFIs on issues around Equator Principles Review process

Correspondence
2010-12-18 00:00:00 | Banktrack
2010-04-27 00:00:00

Close the Gap

Benchmarking investment policies of international banks
BankTrack publication
2010-04-27 00:00:00 | BankTrack
2010-01-14 00:00:00

Rede de organizações pede a bancos efetivação e melhoria aos Princípios do Equador

Correspondence
2010-01-14 00:00:00 | BankTrack

Banco do Brasil's corporate social responsibility webpage

In Portugese only

EPN assessment of policies against 14 minimum criteria - Banco do Brasil

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.

Accountability
Grievances
Response tracking

Banco do Brasil's has established a whistleblowing mechanism. Third parties, employees, and customers canreport concerns involving suspected misconduct or irregularities of any nature, including human rights issues.

Stakeholders may also raise complaints via the OECD National Contact Points (see OECD Watch guidance).

Banco do Brasil is an Equator Principles signatory. While the Equator Principles have no official grievance mechanism, complaints relating to this bank's financing of Equator Principles projects can be filed through our own website www.equator-complaints.org.

 

This page evaluates Banco do Brasil'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".

Impacts reviewed
Responded?
Total score
Response
Action
Monitoring
Complicity in Destruction IV: Mining and Indigenous Rights in the Amazon (March 2022)
0
0
0
0
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank did not respond.
Action
0
Out of 1
Rationale for score
No information available on whether the bank engaged with its client or took appropriate action.
Monitoring
0
Out of 1
Rationale for score
No information available on whether the bank monitored progress.
More info
"Investment funds injected US$ 54.1 billion into mining companies with interests in Indigenous territories in the Amazon", February 2022

Average
0%
0
0
0
0
Banks and Climate

Banks and Climate

Partner organisation Reclaim Finance tracks the coal, oil and gas policies of financial institutions, including banks, in their Coal Policy Tool (CPT) and the Oil and Gas Policy Tracker (OGPT). BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of Banco do Brasil’s fossil fuel policy below.

Assessment of Banco do Brasil's coal policy in the Coal Policy Tool

Assessment of Banco do Brasil in the Oil & Gas Policy Tracker

Banks and Human Rights

Banks and Human Rights

BankTrack assessed Banco do Brasil in its 2024 Global Human Rights Benchmark, where it achieved 5 points out of 15 and was ranked as a “follower”.

The bank scored 0 out of 3 points on the new “specific rights indicators”, which assess how banks address human rights defenders, Indigenous Peoples’ right to Free, Prior and Informed Consent and environmental rights in their policies and practices.

In addition, Banco do Brasil 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.

The BankTrack Human Rights Benchmark

The table below shows BankTrack's assessment of how Banco do Brasil has implemented the UN Guiding Principles on Business and Human Rights. Please click on 'expand all details' and 'explanation' for further information on the methodology.

Our policy assessments are always a work in progress. We very much welcome any feedback, especially from banks included in the assessments. Please get in touch at humanrights@banktrack.org.

The BankTrack Human Rights Benchmark Latin America

BankTrack assessed Banco do Brasil in its 2024 Human Rights Benchmark Latin America, part of the series of  BankTrack's Regional Benchmarks, where it achieved 4.5 points out of 14 and was ranked as a follower.

Human Rights Benchmark Latin America 2024

BankLast update
Country
Score
Ranking
Details
Banco do Brasil
BRA
4.5
Follower 4.5
0
Brazil
Score
Follower
4.5
Explanation

Banco do Brasil's human rights policies, processes and reporting were assessed as part of the BankTrack Human Rights Benchmark Latin America 2024. The bank is assessed as a Follower, with a total score of 4.5 out of 14.

Policy: 1.5/3
Due dilligence: 1.5/5
Reporting: 1.5/3
Remedy: 0/3


Explanation
Laggard
Follower
Moderate achiever
Leader
0 - 3 points
3.5 - 6.5 points
7 - 10 points
10.5 - 14 points
For more details see this page.

Global Human Rights Benchmark 2022

BankLast update
Country
Score
Ranking
Details
Banco do Brasil
BRA
4.5
Follower 4.5
0
Brazil
Score
Follower
4.5
Explanation

Banco do Brasil'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 4.5 out of 14.

Policy: 1.5/3
Due dilligence: 1.5/5
Reporting: 1.5/3
Remedy: 0/3


Response Tracking:
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.

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.

Global Human Rights Benchmark 2024

BankLast update
Country
Score
Ranking
Details
Banco do Brasil
BRA
5
Follower 5
0
Brazil
Score
Follower
5
Explanation

Banco do Brasil's human rights policies, processes and reporting were assessed as part of the BankTrack Global Human Rights Benchmark 2024. The bank is assessed as a , with a total score of 5 out of 15.

Policy: 1.5/3
Due dilligence: 1.5/5
Reporting: 1.5/4
Remedy: 0.5/3

Specific rights: 0/3

Response Tracking:
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.

Explanation
Laggard
Follower
Moderate achiever
Leader
0 - 3 points
3.5 - 7 points
7.5 - 10.5 points
11 - 15 points
For more details see this page.
Banks and Nature

Banks and Nature

Banco do Brasil'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 4.4 out of 10 and ranking it as a front runner. Banco do Brasil achieved a score of 4.4 out of 10 specifically for its policies related to the beef sector and 4.4 out of 10 for its policies related to the palm oil sector. In addition, BankTrack and the Environmental Paper Network have assessed Banco do Brasil's policies related to the pulp and paper sector.

Between 2016 and 2022, Banco do Brasil provided USD 81,672 million in credit to companies operating in these forest-risk sectors and held investments amounting to USD 75 million as of 2022. For more information, see the links below.

Forests & Finance

Banks and beef

Banks and palm oil

Banks and pulp & paper

Forest & Finance Policy Assessment 2022: Overall scores

BankLast update
Country
Score
Ranking
Details
Banco do Brasil
2022-09-21
BRA
4.4
Front runner 4.4
0
Brazil
Profile
Score
Front runner
4.4
20220921
Last update: 2022-09-21
Explanation

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 do Brasil'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 do Brasil's profile.

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.

Forest & Finance Policy Assessment 2022: Beef

BankLast update
Country
Score
Ranking
Details
Banco do Brasil
2022-09-21
BRA
4.4
Front runner 4.4
0
Brazil
Profile
Score
Front runner
4.4
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of 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 do Brasil's profile.

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.

Forest & Finance Policy Assessment 2022: Palm Oil

BankLast update
Country
Score
Ranking
Details
Banco do Brasil
2022-09-21
BRA
4.4
Front runner 4.4
0
Brazil
Profile
Score
Front runner
4.4
20220921
Last update: 2022-09-21
Explanation

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 do Brasil's profile.

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.
Good Moves

Good moves

Year:
Send feedback on this profile
Sections
Banks Dodgy Deals Campaigns
Our campaigns
Banks and Climate Banks and Human Rights Banks and Nature
Our projects
Tracking the NZBA Banks and Russia Banks and Steel Tracking the Equator Principles Tracking the PRBs Find a Better Bank Banks and the OECD Guidelines
Media
News Publications
Raiffeisen Out! Bank.Green End Coal Finance Plastic Banks Tracker Defund TotalEnergies Financial Exclusions Tracker Equator-Complaints.Org Don't Buy into Occupation Banks & Biodiversity Forests & Finance Drop JBS StopEACOP Fossil-Free Finance
BankTrack
About BankTrack Organisation Our team Our board Our annual reports Funding and finances Guiding principles Our history BankTrack in the media Team up with us Our privacy policy Donate Visit us
Successes Contact BankTrack
Vismarkt 15
6511 VJ Nijmegen
The Netherlands
Contact@banktrack.org
Donate Mailing list Facebook Twitter Linkedin
©2023 BankTrack
BankTrack is a registered charity in the Netherlands (ANBI) - RSIN 813874658
Find our privacy policy here

Stay up to date

Sign up now for all BankTrack's news


Make a comment

Your comment will be reviewed, before being posted