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BTG Pactual offices, São Paulo. Photo: Google Earth/Streetview

About BTG Pactual

BTG Pactual is a Brazilian financial company founded in 1983 in Rio de Janeiro. It started as a brokerage firm, but now operates in the markets of investment banking, wealth management and asset management. Its clients are companies, retail and institutional investors, as well as municipal, state and federal governments. BTG Pactual has offices in the main Latin American cities and in the world's leading financial centers.

Website http://www.btgpactual.com
Headquarters
Av. Brigadeiro Faria Lima, 3.477 14º Andar - Itaim Bibi
04538-133 São Paulo
Brazil
CEO/chair Roberto Sallouti
CEO
Supervisor
Banco Central do Brasil
Annual report Annual report 2021
Ownership
listed on Brazil Stock Exchange & NYSE

BTG Pactual's majority-shareholder is BTG Pactual Holding Financeira (81.9%). The bank's complete shareholder structure can be accessed here.

Complaints and grievances

BTG Pactual does not operate a complaints or grievance channel for individuals or communities who might have been affected by the bank's finance.

Related Dodgy Deals

BTG Pactual 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
BTG Pactual
2022-09-21
BRA
1.9
Follower

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0
Brazil
Profile
Score
Follower
1.9
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 BTG Pactual's 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 BTG Pactual's 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
BTG Pactual
2022-09-21
BRA
1.8
Follower

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0
Brazil
Profile
Score
Follower
1.8
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 BTG Pactual's 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
BTG Pactual
2022-09-21
BRA
1.2
Follower

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0
Brazil
Profile
Score
Follower
1.2
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 BTG Pactual's 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

Activists tell banks and investors to stop doing business with the world’s largest meat company JBS

Company's USD 1 billion “sustainability-linked bond” will allow expansion of Amazon deforestation and massive greenhouse gas emissions, say campaigners
2021-11-03 | BankTrack, Forests & Finance
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

Brazilian meat company JBS issues "sustainability-linked" bonds: Forests & Finance coalition responds

2021-06-25 | Forests & Finance
blog
external news
our news

JBS shows SLB label is nothing without scrutiny

2021-06-18 | Global Capital
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

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
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
blog
external news
our news

Downfall of André Esteves Stands Out in Brazil Scandal

2016-01-05 | São Paulo | The New York Times
blog
external news
our news

Senior Brazilian senator and billionaire CEO both arrested for corruption

2015-11-26 | São Paulo | The Guardian
blog
external news
our news

BTG chief fined for insider trading

2012-04-16 | London, São Paulo | The Financial Times

Documents

Type:
Year:
annual reports
2022-05-03 00:00:00

Annual report 2021

2022-05-03 00:00:00 | BTG Pactual
csr policies
2021-08-31 00:00:00

Sustainability policy

2021-08-31 00:00:00 | BTG Pactual
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
annual reports
2021-06-15 00:00:00

Annual integrated report 2020

2021-06-15 00:00:00 | BTG Pactual
csr policies
2020-12-31 00:00:00

Responsible Investment Policy Category: Environmental Social and Governance / Asset Management

2020-12-31 00:00:00 | BTG Pactual
annual reports
2020-10-27 00:00:00

Annual report 2019

2020-10-27 00:00:00 | BTG Pactual
annual reports
2020-09-24 00:00:00

CSR report 2019

2020-09-24 00:00:00 | BTG Pactual
csr policies
2020-07-01 00:00:00

Social investment policy

Document in Portuguese
2020-07-01 00:00:00 | BTG Pactual
csr policies
2020-06-30 00:00:00

Environmental and social risk policy

2020-06-30 00:00:00 | BTG Pactual
annual reports
2019-07-31 00:00:00

Annual report 2018

2019-07-31 00:00:00 | BTG Pactual
csr policies
2018-11-06 00:00:00

Policy on forest protection

2018-11-06 00:00:00 | BTG Pactual
csr policies
2018-08-31 00:00:00

Global - Environmental, social and corporate governance policy

2018-08-31 00:00:00 | BTG Pactual
annual reports
2018-08-30 00:00:00

Annual report 2017

2018-08-30 00:00:00 | BTG Pactual
bank documents
2017-07-19 00:00:00

ESG Annual Report 2016-17

2017-07-19 00:00:00 | BTG Pactual Timberland Investment Group
csr policies
2017-04-21 00:00:00

Responsible investment policy

2017-04-21 00:00:00 | BTG Pactual - Timberland & Agriculture Group
annual reports
2016-08-16 00:00:00

ESG Report 2015

2016-08-16 00:00:00 | BTG Pactual
annual reports
2015-10-30 00:00:00

Annual report 2014

2015-10-30 00:00:00 | BTG Pactual
csr policies
2010-02-05 00:00:00

Code of business principles and ethics

2010-02-05 00:00:00 | BTG Pactual

Links

Overview of Lava-Jato operation: an investigation carried out by the Federal Police of Brazil

https://en.wikipedia.org/wiki/Operation_Car_Wash#cite_note-caso_lavajato-3

EPN assessment of policies against 14 minimum criteria - BTG Pactual

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/btg-pactual/

Policies

Voluntary standards

BTG Pactual has committed itself to the following voluntary standards:
  • Carbon Disclosure Project
  • Equator Principles
  • Forest Stewardship Council- 10 Principles of Forest Stewardship
  • Global Reporting Initiative
  • Principles for Responsible Investment (PRI)
  • Sustainable Forestry Initiative
  • Task Force on Climate-related Financial Disclosures (TCFD)
  • Taskforce on Nature-related Financial Disclosures (TNFD)
  • United Nations Global Compact

Investment policies

BTG Pactual's webpage on corporate social responsibility can accessed here.

Year:
csr policies
2021-08-31 00:00:00

Sustainability policy

2021-08-31 00:00:00 | BTG Pactual
csr policies
2020-12-31 00:00:00

Responsible Investment Policy Category: Environmental Social and Governance / Asset Management

2020-12-31 00:00:00 | BTG Pactual
csr policies
2020-07-01 00:00:00

Social investment policy

Document in Portuguese
2020-07-01 00:00:00 | BTG Pactual
csr policies
2020-06-30 00:00:00

Environmental and social risk policy

2020-06-30 00:00:00 | BTG Pactual
csr policies
2018-11-06 00:00:00

Policy on forest protection

2018-11-06 00:00:00 | BTG Pactual
csr policies
2018-08-31 00:00:00

Global - Environmental, social and corporate governance policy

2018-08-31 00:00:00 | BTG Pactual
csr policies
2017-04-21 00:00:00

Responsible investment policy

2017-04-21 00:00:00 | BTG Pactual - Timberland & Agriculture Group
csr policies
2010-02-05 00:00:00

Code of business principles and ethics

2010-02-05 00:00:00 | BTG Pactual

Equator Principles

Implementation and reporting

Contact and complaints

Equator Principles Dodgy Deals

Projects

on record

Belo Monte dam Brazil

Hydroelectric Power Generation

Good moves

Year:
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