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BNDESBrazil
On record
This profile is no longer actively maintained, with the information now possibly out of date
Last update: 2016-09-01 15:46:22
Johan Frijns, BankTrack
On record
This profile is no longer actively maintained, with the information now possibly out of date
Last update: 2016-09-01 15:46:22
Johan Frijns, BankTrack
About
| 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 | |
| Ownership |
BNDES is a state owned bank. |
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.
Sustainability
Policies
Voluntary standards
BNDES has committed itself to the following voluntary standards:
Dodgy Deals
BNDES 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 BNDES's link to these deals.
Projects / Companies
Finance type
Year
Campaigns
Banks and Nature
BNDES’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 5.1 out of 10 and ranking it as a front-runner. BNDES achieved a score of 5.3 out of 10 specifically for its policies related to the beef sector and 5 out of 10 for its policies related to the palm oil sector. In addition, BankTrack and the Environmental Paper Network have assessed BNDES's policies related to the pulp and paper sector.
Between 2016 and 2022, BNDES provided USD 3,387 million in credit to companies operating in these forest-risk sectors and held investments amounting to USD 566 million as of 2022. For more information, see the links below.
Forest & Finance Policy Assessment 2022: Overall scores
BankLast update
Country
Score
Ranking
Details
BNDES
2022-09-21
BRA
5.1
Front runner
0
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
0
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
0
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
Resources
Documents
Links
Accountability
This page evaluates BNDES'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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