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Created before Nov 2016
Last update: 2017-09-15 12:30:42
Johan Frijns, BankTrack
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Banco do Brasil is partly state-owned, partly publicly listed at the stock exchange in Sao Paulo. Banco do Brasil was founded by then prince-regent João VI of Portugal to finance the kingdom's public debt when he moved from Europe to Brazil, in 1808. The close relations between bank and state reflect in the fact that the CEO is appointed by the Brazilian president, and can also be ousted by him, as happened in April 2009.
SBS Quadra 01 Bloco G ed. sede III - 24° Andar Setor Bancario Sul
Alexandre Correa Abreu |
|Annual report||Annual Report 2014|
listed on BM&F Bovespa
The Brazilian National Treasury is the largest shareholder in Banco do Brasil. A full ownership overview can be found here.
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Voluntary initiativesBanco do Brasil has committed itself to the following voluntary standards:
Banco do Brasil's policies can be found here.
Banco do Brasil and the Equator Principles
The Equator Principles are a voluntary commitment of banks to try to avoid or minimise the social, environmental and human rights impact of projects they finance. For more information on the Equator Principles see their website here and the campaign page of BankTrack here.
The Equator Principles exist already since 2003. Banco do Brasil adopted the Equator Principles in 2006.
Reporting on the Equator Principles
Banco do Brasil must report annually on its implementation of the Equator Principles. All information is supposed to be found here.
Banco do Brasil is involved in financing the following Equator Principles projects that BankTrack considers controversial.
True leader Front runner Follower Laggard
BankTrack has assessed Banco do Brasil on its implementation of the UN Guiding Principles on Business and Human Rights in June 2016. Banco do Brasil is assessed as a Laggard, with a total score of 2/12.
Implementation and reporting
Banco do Brasil is reporting on the implementation here.