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BNDESBrazil
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On record

This profile has not been updated for more than one year, with the information provided here possibly out of date

Created before Nov 2016
Last update: 2016-09-01 15:46:22

Contact:

Johan Frijns, BankTrack


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About BNDES

The Brazilian Development Bank (BNDES), also known as the National Bank for Economic and Social Development, is the main financing agent for development in Brazil. It is a federal public company associated with the Ministry of Development, Industry, and Trade and it is one of the largest development banks in the world (after the Chinese Development Bank). Since its foundation, in 1952, the BNDES has played a fundamental role in stimulating the expansion of industry and infrastructure in the country. Its operations have evolved in accordance with the Brazilian socio-economic challenges and now they include support for exports, technological innovation, sustainable socio-environmental development and the modernization of public administration. BNDES also has offices in London, Johannesburg and Montevideo.

Website http://www.bndes.gov.br
Headquarters
Av. Republica do Chile, 100 – 14*. Andar - sala 1423
20031-917 Rio de Janeiro
Brazil
CEO/chair Luciano Coutinho
President
Supervisor
Banco Central do Brasil
Annual reports Management Report 2015 - BNDES System
Annual Report 2014
Management Report 2014 - BNDES System
Ownership

BNDES is a state owned bank.

Complaints and grievances

Related Dodgy Deals

BNDES 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.

Dodgy Deals map

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On record profiles

Policy Assessments

Banks and Nature

Forest & Finance Policy Assessment 2022: Overall scores

BankLast update
Country
Score
Ranking
Details
BNDES
2022-09-21
BRA
5.1
Front runner

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0
Brazil
Profile
Score
Front runner
5.1
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 BNDES' 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 BNDES' 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
BNDES
2022-09-21
BRA
5.3
Front runner

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0
Brazil
Profile
Score
Front runner
5.3
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 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 BNDES' 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
BNDES
2022-09-21
BRA
5
Front runner

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0
Brazil
Profile
Score
Front runner
5
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 BNDES' 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.

News

| |
Type:
Year:
blog
external news
our news

Our nature and climate demand a reduction of industrial beef production, but banks missed the memo

New policy analysis shows that banks do not have robust policies in place for the beef sector and are failing to include methane reduction or halting deforestation in climate solutions
2022-10-19 | Hannah Greep – BankTrack
blog
external news
our news

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
external news
our news

The Chain: Active Fires Detected in SLC Agrícola’s Fazenda Perdizes Property in the Amazon

2021-09-06 | Chain Reaction Research
blog
external news
our news

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

2021-08-19 | Forests & Finance
blog
external news
our news

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
external news
our news

Brazilian and international banks financing global deforestation: Reports

2020-11-09 | Mongabay
blog
external news
our news

Two sides of the same coin: How the pulp and paper industry is profiting from deforestation in the Amazon rainforest

2020-09-22 | Environmental Paper Network
blog
external news
our news

BlackRock silent on livestock in latest global warming policy

2020-09-09 | Repórter Brasil
blog
external news
our news

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

2020-03-21 | New York/Amsterdam | Environmental Paper Network
blog
external news
our news

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

2020-01-24 | Ministerio Publico do Trabalho
blog
external news
our news

New letter from 30 organisations urges investors and banks to note major risks of exposure to Amazon deforestation of buying shares in global meatpackers JBS and Marfrig

2019-12-11 | Global Witness
blog
external news
our news

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

2018-08-28 | Ministerio Publico do Trabalho
blog
external news
our news

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

2017-08-01 | Mandy Haggith – Environmental Paper Network

Documents

Type:
Year:
ngo documents
2021-08-19 00:00:00

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

2021-08-19 00:00:00 | BankTrack
other documents
2021-06-24 00:00:00

Guidance on Biodiversity Target Setting for PRB signatories

2021-06-24 00:00:00 | UNEPFI
ngo documents
2021-06-23 00:00:00

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

2021-06-23 00:00:00 | Forests and Finance
ngo documents
2020-12-10 00:00:00

The money that feeds the cattle

2020-12-10 00:00:00 | Repórter Brasil
csr policies
2020-07-14 00:00:00

Anti-corruption Policy

2020-07-14 00:00:00
csr policies
2020-07-14 00:00:00

Social Clause

2020-07-14 00:00:00
csr policies
2020-07-14 00:00:00

Social and Environmental Responsibility Policy

2020-07-14 00:00:00
csr policies
2020-07-14 00:00:00

Social and Environmental Responsibility Policy

2020-07-14 00:00:00
our publications
2016-06-02 00:00:00

Green Paper, Red Lines

Requirements for pulp and paper industry finance
2016-06-02 00:00:00 | BankTrack, Environmental Paper Network
csr policies
2016-05-04 00:00:00

Environmental criteria to support the power generation segment

2016-05-04 00:00:00 | BNDES
csr policies
2016-05-04 00:00:00

Guidelines and environmental criteria for support for sugar and ethanol sector

2016-05-04 00:00:00 | BNDES
csr policies
2016-05-04 00:00:00

Environmental guidelines for cattle-raising

2016-05-04 00:00:00 | BNDES
csr policies
2016-05-04 00:00:00

Socio-environmental Policy

2016-05-04 00:00:00 | BNDES
csr policies
2016-05-03 00:00:00

Project analysis and selection process

2016-05-03 00:00:00 | BNDES
bank documents
2016-05-03 00:00:00

Preventing and Combating Money-Laundering and the Financing of Terrorist Activities

2016-05-03 00:00:00 | BNDES
annual reports
2015-09-10 00:00:00

Management Report 2015 - BNDES System

First half of 2015
2015-09-10 00:00:00 | BNDES
annual reports
2015-08-03 00:00:00

Annual Report 2014

2015-08-03 00:00:00 | BNDES
annual reports
2015-04-17 00:00:00

Management Report 2014 - BNDES System

2015-04-17 00:00:00 | BNDES
annual reports
2014-10-10 00:00:00

Annual Report 2013

2014-10-10 00:00:00 | BNDES
ngo documents
2014-08-18 00:00:00

Desenvolvimento para as pessoas?

O Financiamento do BNDES e os Direitos Humanos
2014-08-18 00:00:00 | Conectas
csr policies
2014-06-03 00:00:00

Socio-environmental Guidelines

2014-06-03 00:00:00 | BNDES
annual reports
2013-11-11 00:00:00

Annual Report 2012

2013-11-11 00:00:00 | BNDES
bank documents
2010-12-02 00:00:00

The Amazon under debate: opportunities, challenges and solutions

2010-12-02 00:00:00
bank documents
2009-04-28 00:00:00

Code of Ethics of the BNDES System

2009-04-28 00:00:00 | BNDES

Links

Social and Environmental Responsibility page of BNDES

http://www.bndes.gov.br/SiteBNDES/bndes/bndes_en/Institucional/Social_and_Environmental_Responsibility/

BNDES' webpage on Governance Practices

http://www.bndes.gov.br/SiteBNDES/bndes/bndes_en/Institucional/Corporate_Governance/index.html

BNDES Transparent - consult operations

http://www.bndes.gov.br/SiteBNDES/bndes/bndes_pt/Institucional/BNDES_Transparente/Consulta_as_operacoes_do_BNDES/

EPN assessment of policies against 14 minimum criteria - BNDES

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.

https://environmentalpaper.org/bndes/

Policies

Voluntary standards

BNDES has committed itself to the following voluntary standards:
  • Convention on Combating Bribery of Foreign Public Officials in International Business Transactions
  • Global Reporting Initiative
  • Protocolo Verde Brasil (Brazil Green Protocol)
  • UNEP Finance Initiative

Investment policies

Year:
csr policies
2020-07-14 00:00:00

Anti-corruption Policy

2020-07-14 00:00:00
csr policies
2020-07-14 00:00:00

Social Clause

2020-07-14 00:00:00
csr policies
2020-07-14 00:00:00

Social and Environmental Responsibility Policy

2020-07-14 00:00:00
csr policies
2020-07-14 00:00:00

Social and Environmental Responsibility Policy

2020-07-14 00:00:00
csr policies
2016-05-04 00:00:00

Environmental criteria to support the power generation segment

2016-05-04 00:00:00 | BNDES
csr policies
2016-05-04 00:00:00

Guidelines and environmental criteria for support for sugar and ethanol sector

2016-05-04 00:00:00 | BNDES
csr policies
2016-05-04 00:00:00

Environmental guidelines for cattle-raising

2016-05-04 00:00:00 | BNDES
csr policies
2016-05-04 00:00:00

Socio-environmental Policy

2016-05-04 00:00:00 | BNDES
csr policies
2016-05-03 00:00:00

Project analysis and selection process

2016-05-03 00:00:00 | BNDES
csr policies
2014-06-03 00:00:00

Socio-environmental Guidelines

2014-06-03 00:00:00 | BNDES

Good moves

Year:
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