Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]As a participant of the banking industry, BB takes on a crucial responsibility: allocate investments and assist in the transition from a high-impact to a green, low-carbon and inclusive economy, with proper risk management and engaged in the development of innovative fundraising models.
Our planning factors in climate change issues and prioritizes businesses that take advantage of opportunities of a low carbon economy. We also identify sustainable production chains that can foster a green economy, notably to meet the emission reduction commitments undertaken by Brazil at the Paris Conference.
Against this backdrop, in partnership with Petrobras and with the institutional support of the Central Bank of Brazil and the Ministry of Environment, in May 2022 Banco do Brasil brought together some of the top business, political and environmental leaders in Brazil and the world in Rio de Janeiro for discussions at the Global Carbon Market Congress – Decarbonization & Green Investments. Corporate strategies, projects and cases to boost green business were then brought along, with a focus on innovations and models to promote the carbon market in Brazil. (BB Commitment With the Climate Change page 23 and 24).