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Home › Banks ›
Bank
Banco VotorantimBrazil

Active

This profile is actively maintained
Last update: 2022-10-04 16:38:11
Banco Votorantim's head office in Sao Paolo. Photo: Google Earth/Streetview

Active

This profile is actively maintained
Last update: 2022-10-04 16:38:11
About
Website https://www.bancovotorantim.com.br
Headquarters
Av. das Nações Unidas, Torre A - 18° andar - Vila Gertrudes 141
1000 Sao Paolo
Brazil
CEO/chair Gabriel Ferreira
CEO
Supervisor
Banco Central do Brasil
Ownership

Banco Votorantim has two shareholders: Grupo Votorantim, one of the largest industrial conglomerates in Latin America and Banco do Brasil, Brazil's largest financial institution. The bank's ownership structure can be accessed here.

Banco Votorantim was founded in 1988 as a securities dealer, and started operating as a bank in 1991. Banco Votorantim has a business portfolio in wholesale banking, wealth management services and consumer finance. In 2009, Banco do Brasil obtained a 49.99% voting stake and a 50% overall share in Banco Votorantim. Since then, the bank is controlled by both Grupo Votorantim (the holding company) and Banco do Brasil. Banco Votorantim signed the Equator Principles in 2016.

Sustainability
Policies
Voluntary standards
2018-11-05 00:00:00

Code of conduct

(Document in Portuguese)
Bank policy
2018-11-05 00:00:00 | Grupo Votorantim
2018-11-05 00:00:00

Global environmental policy and green rules

Bank policy
2018-11-05 00:00:00 | Grupo Votorantim
2016-07-19 00:00:00

Preventing and Combating Money Laundering, Terrorism Financing and Corruption

Bank policy
2016-07-19 00:00:00 | Banco Votorantim
Banco Votorantim has committed itself to the following voluntary standards:
Equator PrinciplesTags: Equator Principles | project finance | corporate social responsibility | sustainable development
Global Reporting InitiativeTags: sustainable development | human rights
World Business Council for Sustainable DevelopmentTags: sustainable development | corporate social responsibility
Dodgy Deals

Banco Votorantim 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 Votorantim's link to these deals.

Projects / Companies
Finance type
Year
News
BankTrack
Partners
Blog
External
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

New BankTrack Equator Principles reporting tracking tool launched

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

Brazil probes 13 banks for Schahin, Petrobras operations: report

2016-01-11 | Reuters
Resources
Documents
2022-10-04 00:00:00

CSR report 2021

Annual report
2022-10-04 00:00:00 | Banco Votorantim
2022-10-04 00:00:00

Annual report 2021

Annual report
2022-10-04 00:00:00 | Banco Votorantim
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
2021-06-01 00:00:00

Annual report 2020

Annual report
2021-06-01 00:00:00 | Banco Votorantim
2020-10-22 00:00:00

Annual report 2019

Annual report
2020-10-22 00:00:00 | Banco Votorantim
2019-07-31 00:00:00

Annual report 2018

Annual report
2019-07-31 00:00:00 | Banco Votorantim
2018-11-05 00:00:00

Code of conduct

(Document in Portuguese)
Bank policy
2018-11-05 00:00:00 | Grupo Votorantim
2018-11-05 00:00:00

Global environmental policy and green rules

Bank policy
2018-11-05 00:00:00 | Grupo Votorantim
2017-03-31 00:00:00

Annual report 2016

Annual report
2017-03-31 00:00:00 | Banco Votorantim
2016-07-19 00:00:00

Preventing and Combating Money Laundering, Terrorism Financing and Corruption

Bank policy
2016-07-19 00:00:00 | Banco Votorantim
2016-03-31 00:00:00

Annual report 2015

Annual report
2016-03-31 00:00:00 | Banco Votorantim
Accountability
Grievances

Grupo Votorantim operates an Ethics Line which can be accessed here.

This page evaluates Banco Votorantim'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

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