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Created before Nov 2016
Last update: 2017-09-15 12:38:10
Karen Vermeer, BankTrack
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Banco Itau took over Unibanco on November 3 2008, to form Itaú Unibanco Holding S.A. Itaú Unibanco is a publicly-held company which, together with its subsidiaries and affiliated companies, operates in Brazil and abroad. The bank is present in 18 countries other than Brazil. The bank has its headquarters in São Paulo, Brazil, and its activities and products include: asset management, investment banking, insurance, private equity, and retail banking.
On December 31 2015 it controlled assets worth BRL 1.276 trillion (approximately USD 398.8 billion).
Praça Alfredo Egydio de Souza Aranha, 100 Torre Olavo Setubal, Parque Jabaquara
04344-902 São Paulo
Mr. Roberto Egydio Setubal |
Integrated Report 2015|
Consolidated Annual Report 2015
listed on BM&F Bovespa & NYSE Euronext
Publicly listed. Itau-Unibanco's corporate structure can be seen here.
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Voluntary initiativesItaú-Unibanco has committed itself to the following voluntary standards:
See here for a full overview of their rules and policies. Itaú Unibanco operates an Ethical Ombudsman who can investigate complaints regarding the bank's implementation of its Code of Ethics and Human Rights Commitment. Email: firstname.lastname@example.org. See the Code of Ethics for more details.
Itaú-Unibanco 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. Itaú-Unibanco adopted the Equator Principles in 2004.
Reporting on the Equator Principles
Itaú-Unibanco must report annually on its implementation of the Equator Principles. All information is supposed to be found here.
Itaú-Unibanco is involved in financing the following Equator Principles projects that BankTrack considers controversial.
True leader Front runner Follower Laggard
BankTrack has assessed Itaú-Unibanco on its implementation of the UN Guiding Principles on Business and Human Rights in June 2016. Itaú-Unibanco is assessed as a Follower, with a total score of 3.5/12.
Implementation and reporting
Itaú-Unibanco is reporting on the implementation here.