Banco do Brasil

Red LineText of policiesCommentsScore
Regulatory requirements
Ensure LegalityCode of Ethics and Standards of Conduct (2018)
3.9.1. We work in accordance with the laws and other regulations of the Brazilian legal system and the countries where we operate.

Sustainability Credit Guidelines (2018)
Act in accordance with public policies and commitments made in the pacts and agreements related to the strategic areas and complying with the relevant legislation (p10) ; Demand proof of legal and sustainable origin of forest products used in financed ventures (p14)
* MAIN PACTS, COMMITMENTS AND VOLUNTARY INITIATIVES UNDERTAKEN BY BANCO DO BRASIL
Green Protocol
“Empresa Amiga da Criança” Certification - Abrinq Foundation
Global Pact
CDP
Equator Principles
Brazilian GHG Protocol Program
The Global Compact
Working Group on Sustainable Livestock (GTPS)
Adherence to Soy Moratorium
OECD Guidelines for Multinational Enterprises
Soya Plus Program
The bank requires compliance with national law, and though it has signed up to many voluntary initiatives, it does not clear require its clients to respect key international conventions.partly
No Corruption and Tax EvasionAnti Money Laundering and Corruption policy
We reject acts of corruption, money laundering, financing of terrorism or any other illegal acts.

Code of Ethics and Standards of Conduct (2018)
3.2.8. We reject illegal practices such as bribery, extortion, corruption, money laundering and financing of terrorism, in all their forms.
3.5.3. We maintain business relationships with institutions that maintain practices for preventing and combating any unlawful activity, corruption, money laundering or financing of terrorism.
4.1.1. It is obligatory from all to:
4.1.1.5. Renounce criminal conduct that gives rise to revulsion or severe organizational and social disapproval, such as:
4.1.1.5.2. crimes against the financial system or against the Brazilian or foreign Government;
4.1.1.5.3. fraud and illegal acts;
4.1.1.5.6. tax evasion and other tax crimes;
4.1.1.5.7. agiotage, unauthorized exchange or other crimes against the national financial system.
4.1.1.6. Refrain from practicing, facilitating or allowing acts that constitute tax evasion, money laundering, financing of terrorism or corruption, as well as the use of
the Bank's products and services to practice these and other crimes.
The policy rejects corrution and renounces tax evasionwell
Ensure ESIA for mills and plantationsSustainability Credit Guidelines (2018)
For projects evaluated by Banco do Brasil with significant socio-environmental risks, especially those framed in the Equator Principles, the Bank requires the client to carry out a socio-environmental assessment and action plan to mitigate the identified risks and impacts, and may decide not to provide finance resources. In conformity with the law and in line with its operational guidelines, the Bank includes socio-environmental constraints in credit agreements and performs periodic monitoring of compliance with these conditions, which may lead to early termination of the operation, in compliance with the contracts signed between the parties. (p5); Demand environmental licencing and grants for water use for activities and ventures financed by the bank, where applicable (p14)

Human Rigths Statement
All our credit instruments have extraordinary/anticipated maturity clause in cases of non-compliance with the laws and rules relating to Human Rights. (...)
In addition, as a signatory to the Ecuador Principles, we evaluate large-sized projects of candidates to financing according to a socioenvironmental risk matrix and
categorized based on potential socioenvironmental risks and impacts. For situations considered to be of high risk, we may request additional documents with a due
diligence3 specific on Human Rights and social/environmental assessment.
The policy does not necessarily require an ESIA for plantationspartly
Social requirements
Ensure FPICSustainability Credit Guidelines (2018)
Decline concession of credit to individuals or companies when finances are destined for activities carried out by third parties on indigenous land, and the decline the renovation of credit conceded before the demarcation of these areas;

Human Rigths Statement
All our credit instruments have extraordinary/anticipated maturity clause in cases of non-compliance with the laws and rules relating to Human Rights. The following issues are addressed: (...) respect to traditional people and communities, including indigenous, quilombolas, rubber tappers, riparian, among others.
The policy does protect against project being implemented on Indigenous lands, but it does not require FPIC for projects outside Indigenous Lands, that impact these lands, nor does it require FPIC for other, non-indigenous impacted communities.partly
Respect Human RightsSustainability Credit Guidelines (2018)
Decline financing to clients proven to be linked to the use of child labour, slavelike work or sexual exploitation (p15);

Human Rigths Statement
All our credit instruments have extraordinary/anticipated maturity clause in cases of non-compliance with the laws and rules relating to Human Rights. The following issues are addressed: (...); child labor and slavery-like labor; (...)
We check the list of employers who submit workers to slavery-like conditions of the Ministry of Labor and Employment and register an entry in the register of customers included in the list, preventing them from operating loans/financing. If the customer already has operations with the Bank and is included in the list, we have the prerogative to terminate operations in advance.

Code of Ethics and Standards of Conduct (2018)
3.8.5. We affirm our commitment to eradicating all forms of degrading labor: child forced and slave.
4.1.1. It is obligatory from all to:
4.1.1.5. Renounce criminal conduct that gives rise to revulsion or severe organizational and social disapproval, such as:
4.1.1.5.5. submitting anybody to a condition analogous to slavery;
The policy excludes clients linked to human rights violations such as child and slave labourwell
Respect Indigenous rights and customary land use rightsSustainability Credit Guidelines (2018)
Decline concession of credit to individuals or companies when finances are destined for activities carried out by third parties on indigenous land, and the decline the renovation of credit conceded before the demarcation of these areas (p15);

Human Rigths Statement
All our credit instruments have extraordinary/anticipated maturity clause in cases of non-compliance with the laws and rules relating to Human Rights. The following issues are addressed: (...) respect to traditional people and communities, including indigenous, quilombolas, rubber tappers, riparian, among others.
The policy requires respect for traditional communities, but does not define "respect". It is unclear if this would inlcude protection for customary land rights. partly
No forced resettlementNo publicly available policies or documentation were found that cover this criteria.not
Environmental Requirements
No forest degradation and deforestationSustainability Credit Guidelines (2018)
we avoid granting support to initiatives that increase the loss of biodiversity and environmental services in accordance with the IFC³ Performance Standard Nº. 6: Conservation of Biodiversity and Sustainable Management of Natural Resources, which is part of the Equator Principles. (p4) ; Decline financing to clients proven to
be responsible for serious damage to the environment (p15).
The policy does not provide meaningful protection against deforestation or the loss of critical habitats.not
Protect endangered speciesSustainability Credit Guidelines (2018)
we avoid granting support to initiatives that increase the loss of biodiversity and environmental services in accordance with the
IFC³ Performance Standard Nº. 6: Conservation of Biodiversity and Sustainable Management of Natural Resources, which is part of the Equator Principles. (p4)
The policy does not provide meaningful protection against deforestation or the loss of critical habitats.not
No high-risk speciesSustainability Credit Guidelines (2018)
we avoid granting support to initiatives that increase the loss of biodiversity and environmental services in accordance with the
IFC³ Performance Standard Nº. 6: Conservation of Biodiversity and Sustainable Management of Natural Resources, which is part of the Equator Principles. (p4)
No publicly available policies or documentation were found that cover this criteria.not
No fireNo publicly available policies or documentation were found that cover this criteria.not
Protect peatNo publicly available policies or documentation were found that cover this criteria.not
No persistent pollutionNo publicly available policies or documentation were found that cover this criteria.not
Corporate association / scope of the policy
Corporate association / scope of the policySustainability Credit Guidelines (2018)
Consider if the company adopts a policy to give proirity to purchases from suppliers that have some form of mechanism to
manage their environmental impacts;
Though attention is given to suppliers, there is no strict requirement to apply the policy to third parties, nor parent, sister or subsidiary companiespartly