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Banco do BrasilBrazil

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This profile is actively maintained
Last update: 2023-05-15 16:10:49
Banco do Brasil head offices in Brasilia. Photo: Google Earth/Streetview

Active

This profile is actively maintained
Last update: 2023-05-15 16:10:49
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

Commitment to climate change

Bank policy
2022-06-28 00:00:00 | Banco do Brasil

Human rights commitment

Bank policy
2022-06-27 00:00:00 | Banco do Brasil

Social, environmental and climate responsibility policy

Bank policy
2022-06-03 00:00:00 | Banco do Brasil

Social, Environmental and Climate Risk Mitigation Cases

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

Private social investment guidelines

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

Sustainability guidelines for credit

Bank policy
2020-12-07 00:00:00 | Banco do Brasil

Restrictive list and exclusion list

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

Socio-environmental guidelines - restrictive and exclusion list

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

Social and environmental risk

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

Socio-environmental guidelines for controversial issues

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

Code of Ethics and Standards of Conduct

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

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
Campaigns

Banks and Human Rights

BankTrack assessed Banco do Brasil in its 2022 Global Human Rights Benchmark, where it achieved 4.5 points out of 14 and was ranked as a follower. 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.

Global Human Rights Benchmark 2022

BankLast update
Country
Score
Ranking
Details
Banco do Brasil
BRA
4.5
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 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.

Forest & Finance Policy Assessment 2022: Overall scores

BankLast update
Country
Score
Ranking
Details
Banco do Brasil
2022-09-21
BRA
4.4
Front runner
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
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
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.
News
BankTrack
Partners
Blog
External
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 quoted
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 quoted
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

Annual report 2022

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

BankTrack Global Human Rights Benchmark 2022

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

Commitment to climate change

Bank policy
2022-06-28 00:00:00 | Banco do Brasil

Human rights commitment

Bank policy
2022-06-27 00:00:00 | Banco do Brasil

Social, environmental and climate responsibility policy

Bank policy
2022-06-03 00:00:00 | Banco do Brasil

Social, Environmental and Climate Risk Mitigation Cases

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

Annual report 2021

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

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

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

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

Annual report 2020

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

CSR Report 2020

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

Private social investment guidelines

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

The money that feeds the cattle

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

Sustainability guidelines for credit

Bank policy
2020-12-07 00:00:00 | Banco do Brasil

Annual report 2019

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

Restrictive list and exclusion list

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

Socio-environmental guidelines - restrictive and exclusion list

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

Social and environmental risk

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

Socio-environmental guidelines for controversial issues

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

Annual report 2018

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

Code of Ethics and Standards of Conduct

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

Annual report 2017

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

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

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

Annual Report 2016

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

Annual report 2015

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

Green Paper, Red Lines

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

Annual Report 2014

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

Annual Report 2013

Annual report
2014-01-01 00:00:00

Corporate Governance Code

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

Annual Report 2012

Annual report
2013-01-01 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

Introdução ao Setor Bancário Brasileiro e Suas Práticas de Sustentabilidade

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

Connection and Sustainability 2011

Annual report
2012-01-01 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

Notificação extrajudicial: teor da presente notificação- Banco do Brasil

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

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

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

Close the Gap

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

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

Correspondence
2010-01-14 00:00:00 | BankTrack
Accountability
Grievances
Response tracking

While Banco do Brasil's Ombudsman channel allows customers to make a complaint, the bank has not established any grievance mechanisms available to individuals and communities for human rights violations related to its financing.  

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

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
n/a
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
n/a
Rationale for score
The impact was not raised over a year ago and therefore is not scored on monitoring 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