Banco do BrasilBrazil
Created before Nov 2016
Last update: 2017-09-15 12:30:42
Contact:

Johan Frijns, BankTrack 

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About Banco do Brasil

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. In June 2016 Banco do Brasil controlled assets worth BRL 1.445 trillion.

 

Website http://www.bb.com.br/portalbb/home2,136,136,0,0,2,0.bb
Headquarters
SBS Quadra 01 Bloco G ed. sede III - 24° Andar Setor Bancario Sul
70074-900 Brasilia
Brazil
CEO/chair Paulo Rogerio Caffarelli
CEO
Supervisors
Banco Central do Brasil & Federal Government Brasil
Annual report Annual Report 2016
Ownership
listed on BM&F Bovespa

The Brazilian National Treasury is the largest shareholder in Banco do Brasil. A full ownership overview can be found here.

Related Dodgy Deals

Banco Do Brasil has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.

Projects - active profiles

Belo Monte dam Brazil profile

energy plants - dams
Approached, interested
9 September 2010
Banco do Brasil may fund R$5.5 billon ($3.2 billion USD), or about 30% of Belo Monte's stated cost.
source: Valor Economico, "BB empresta R$ 5,5 bilhões para a usina de Belo Monte"
There are no active projects for Banco do Brasil now.

Projects - on record profiles

Rio Madeira dams: Jirau and Santo Antonio Brazil profile

energy plants - dams
Uncategorised
Equator Principles signatory
Uncategorised
Coordination of the pool of banks that finance the Jirau dam
Debt – corporate loan
Loan with specific funding of BNDES for the Santo Antonio and Jirau dams.

Companies - active profiles

There are no active companies for Banco do Brasil now.

Companies - on record profiles

Eletrobras Brazil profile

energy distribution | energy efficiency | energy plants - biomass | energy plants - dams | energy plants - nuclear | energy plants - ocean energy | energy plants - solar | energy plants - thermoelectric | energy plants - wind | energy transmission
Equity – share owner/manager
EUR 89.8 million
source: Thomson ONE Banker database.

ENGIE France profile

energy plants - coal | energy plants - dams
Uncategorised
EUR 21.8 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014

Glencore Switzerland profile

mining - coal
Debt – corporate loan
EUR 106.4 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014

Vale Brazil profile

mining - coal | mining - non coal
Debt – corporate loan
BRL 90.99 million
19 December 2012
To finance equipement for the VLI Multimodal
source: Formulario de Referencia 2013
Debt – corporate loan
BRL 175.8 million
30 June 2010
To finance equipment
source: 40359
Debt – corporate loan
BRL 57.2 million
30 June 2010
To finance equipment
source: Formulario de Referencia da Vale 2013
Debt – corporate loan
BRL 59.8 million
30 June 2010
To finance equipment
source: Formulario de Referencia da Vale 2013
Debt – corporate loan
BRL 17.8 million
20 June 2010
To finance equipment
source: Formulario de Referencia da Vale 2013
Debt – corporate loan
BRL 16.8 million
30 May 2010
To finance equipment
source: Formulario de Referencia da Vale 2013
Uncategorised
EUR 16.7 million
2010 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014

Dodgy Deals map

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News

| |
Type:
Year:
blog
external news
our news

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

2017-08-01 | Environmental Paper Network
blog
external news
our news

Equator Principles goes beyond project finance, improves transparency

2012-08-13 | Environmental Finance
blog
external news
our news

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
blog
external news
our news

While BankTrack criticizes Equator Principles, IFC celebrates Community of Learning

2011-10-25 | Washington | prizmablog.com
blog
external news
our news

Time to Improve the Equator Principles, BankTrack Says

2011-10-24 | Washington | Social Funds
blog
external news
our news

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
external news
our news

Financiers search for sustainable future

2011-10-20 | Washington | 1231, Environmental Finance
blog
external news
our news

Banco do Brasil sued over ‘slavery’ funding

2011-04-01 | Sao Paolo | Financial Times
blog
external news
our news

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
blog
external news
our news

Bancos ainda financiam atividades não sustentáveis

2010-05-11 | Brazil | estadao
blog
external news
our news

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
external news
our news

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
blog
external news
our news

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
external news
our news

Environmentalists Blast Construction License for Amazon Dam

2008-08-14 | Sao Paulo | Amigos da Terra Amazonia Brasileira
blog
external news
our news

Independent Experts Find Fatal Flaws in Amazon Dam Studies

International Rivers
2006-11-13 | Sao Paulo, San Fransisco | Amigos da Terra Amazonia Brasileira

Documents

| | | | | | | | | | | |
Type:
Year:
csr policies

Sustainability and Credit Guidelines 2017

2018-04-23 00:00:00
annual reports

Annual Report 2016

2018-04-23 00:00:00
ngo documents

In the Red

An Assessment of Bank Policies for Financing Pulp and Paper
2017-08-01 00:00:00 | Environmental Paper Network
our publications

Banking with Principles? Second Edition June 2016

Benchmarking Banks against the UN Guiding Principles on Business and Human Rights
2016-06-30 00:00:00 | BankTrack
annual reports

Annual report 2015

2016-06-30 00:00:00 | Banco do Brasil
our publications

Green Paper, Red Lines

Requirements for pulp and paper industry finance
2016-06-02 00:00:00 | BankTrack, Environmental Paper Network
csr policies

Code of Ethics and Standards of Conduct

2016-01-06 00:00:00 | Banco do Brasil
annual reports

Annual Report 2014

2015-06-25 00:00:00 | Banco do Brasil
csr policies

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

2015-05-16 00:00:00 | Banco do Brasil
csr policies

Socioenvironmental Responsibility Policy

2015-02-10 00:00:00 | Banco do Brasil
annual reports

Annual Report 2013

2014-01-01 00:00:00
csr policies

Corporate Governance Code

2013-10-24 00:00:00 | Banco do Brasil
annual reports

Annual Report 2012

2013-01-01 00:00:00
ngo documents

An Introduction to the Brazilian Banking Sector and its Sustainability Practices

2012-12-19 00:00:00 | Amigos da Terra – Amazônia Brasileira
ngo documents

Introdução ao Setor Bancário Brasileiro e Suas Práticas de Sustentabilidade

2012-12-19 00:00:00 | Amigos da Terra – Amazônia Brasileira
annual reports

Connection and Sustainability 2011

2012-01-01 00:00:00
correspondence

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

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

Notificação extrajudicial: teor da presente notificação- Banco do Brasil

Long version
2011-10-25 00:00:00 | Amigos da Terra- Amazonia Brasileira
correspondence

Letter to EPFI's on Equator Principles review process

2010-12-18 00:00:00 | Banktrack
our publications

Close the Gap

Benchmarking investment policies of international banks
2010-04-27 00:00:00 | BankTrack
correspondence

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

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

Links

Banco do Brasil's sustainability page

In Portugese only
http://www.bb.com.br/portalbb/home29,8305,8305,0,0,1,6.bb

Banco do Brasil: Social - Environmental Reponsibility pages

http://www.bb.com.br/portalbb/page22,136,3524,0,0,2,8.bb?codigoNoticia=3261&codigoMenu=3304

Policies

Voluntary initiatives

Banco do Brasil has committed itself to the following voluntary standards:

Investment policies

Banco do Brasil's policies can be found here.

Year:
csr policies

Sustainability and Credit Guidelines 2017

2018-04-23 00:00:00
csr policies

Code of Ethics and Standards of Conduct

2016-01-06 00:00:00 | Banco do Brasil
csr policies

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

2015-05-16 00:00:00 | Banco do Brasil
csr policies

Socioenvironmental Responsibility Policy

2015-02-10 00:00:00 | Banco do Brasil
csr policies

Corporate Governance Code

2013-10-24 00:00:00 | Banco do Brasil

Issues

Banco do Brasil and the Equator Principles

The Equator Principles are a voluntary commitment of banks to try to avoid or minimise the social, environmental and human rights impact of projects they finance. For more information on the Equator Principles see their website here and the campaign page of BankTrack here.

The Equator Principles exist already since 2003. Banco do Brasil adopted the Equator Principles in 2006.

Reporting on the Equator Principles

Banco do Brasil must report annually on its implementation of the Equator Principles. All information is supposed to be found here.

Dodgy Deals

Banco do Brasil is involved in financing the following Equator Principles projects that BankTrack considers controversial.

Active

Belo Monte dam Brazil

energy plants - dams
On record

Rio Madeira dams: Jirau and Santo Antonio Brazil

energy plants - dams

Human rights

True leader Front runner Follower Laggard
BankTrack has assessed Banco do Brasil on its implementation of the UN Guiding Principles on Business and Human Rights in June 2016. Banco do Brasil is assessed as a Laggard, with a total score of 2/12.
Policy: 1.5/3Due dilligence: 0.5/3
Reporting: 0/3Remedy: 0/3
For more details, see Banking with Principles? 2016 update.

Equator Principles

Implementation and reporting

Banco do Brasil is reporting on the implementation here.

Contact and complaints

Equator Principles Dodgy Deals

Projects

Active

Belo Monte dam Brazil

energy plants - dams
On record

Rio Madeira dams: Jirau and Santo Antonio Brazil

energy plants - dams

Good moves

Year: