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BTG PactualBrazil

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BTG Pactual logo. Photo: BTG Pactual

Active

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Last update: 2024-09-06 10:54:01
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About
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
Ownership
listed on Brazil Stock Exchange & NYSE

BTG Pactual's majority-shareholder is BTG Pactual Holding Financeira (80,2%). The bank's complete shareholder structure can be accessed here.

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.

Sustainability
Commitments
Policies
Voluntary standards

BTG Pactual's most important sustainability commitments can be found at the website sections listed below.

Links

ESG and impact investing

Sustainable and Impact Investing

ESG Governance

Overview of different sector policies

In the section "Sector Policies" on the download center webpage BTG Pactual provides policy reports identifying ESG risks for 19 sectors (e.g. agribusiness, fossil - and renewable energy sectors or mining)

Sector policy Agribusiness

Bank policy
2023-12-31 00:00:00 | BTG Pactual

Sector policy Forest and timber extraction

Bank policy
2023-12-31 00:00:00 | BTG Pactual

Sector policy Power generation coal

Bank policy
2023-12-31 00:00:00 | BTG Pactual

Sector policy Power generation natural gas

Bank policy
2023-12-31 00:00:00 | BTG Pactual

Sector policy Mining

Bank policy
2023-12-31 00:00:00 | BTG Pactual

Sector policy Pulp and paper

Bank policy
2023-12-31 00:00:00 | BTG Pactual

Sector policy Oil and gas

Bank policy
2023-12-31 00:00:00 | BTG Pactual

Sector policy Power generation oil

Bank policy
2023-12-31 00:00:00 | BTG Pactual

Sector policy Power generation hydropower

Bank policy
2023-12-31 00:00:00 | BTG Pactual

Sector policy Weapons and ammunition

Bank policy
2023-12-31 00:00:00 | BTG Pactual

Social, Environmental, and Climate Risk Management

Bank policy
2023-08-31 00:00:00 | BTG Pactual

Modern Slavery and Human Trafficking Statement 2022

Bank policy
2023-08-11 00:00:00 | BTG Pactual

Social, Environmental and Climate Responsibilities Policy

Bank policy
2023-01-31 00:00:00 | BTG Pactual

Responsible Investment Policy

Bank policy
2022-09-30 00:00:00 | BTG Pactual

Supplier Evaluation Policy

Bank policy
2021-10-31 00:00:00 | BTG Pactual

Sustainability policy

Bank policy
2021-08-31 00:00:00 | BTG Pactual

Social investment policy

Document in Portuguese
Bank policy
2020-07-01 00:00:00 | BTG Pactual

Environmental and social risk policy

Bank policy
2020-06-30 00:00:00 | BTG Pactual

Policy on forest protection

Bank policy
2018-11-06 00:00:00 | BTG Pactual

Global - Environmental, social and corporate governance policy

Bank policy
2018-08-31 00:00:00 | BTG Pactual

Responsible investment policy

Bank policy
2017-04-21 00:00:00 | BTG Pactual - Timberland & Agriculture Group

Code of business principles and ethics

Bank policy
2010-02-05 00:00:00 | BTG Pactual
BTG Pactual has committed itself to the following voluntary standards:
Carbon Disclosure ProjectTags: carbon | climate change | greenhouse gas emissions
Equator PrinciplesTags: Equator Principles | project finance | corporate social responsibility | sustainable development
Forest Stewardship Council- 10 Principles of Forest StewardshipTags: corporate social responsibility | forestry | pulp and paper
Global Impact Investing Network (GIIN)Tags: corporate social responsibility | finance | investment
Global Reporting InitiativeTags: sustainable development | human rights
Green and Social Bonds Principles (by ICMA)Tags: bond issuance | carbon | climate change | finance | investment
IFC - Operating Principles for Impact ManagementTags: investment
Investidores Pelo ClimaTags: climate change
Partnership for Carbon Accounting Financials (PCAF)Tags: carbon | corporate social responsibility
Principles for Responsible Investment (PRI)Tags: corporate social responsibility | sustainable development | United Nations
Program for the Endorsement of Forest Certification (PEFC)Tags: biodiversity | Deforestation | forest | forestry
Sustainable Forestry InitiativeTags: corporate social responsibility | forestry
Task Force on Climate-related Financial Disclosures (TCFD)Tags: corporate social responsibility | finance
Taskforce on Nature-related Financial Disclosures (TNFD)Tags: corporate social responsibility | finance
UNEP Finance InitiativeTags: United Nations | sustainable development
United Nations Global CompactTags: United Nations | human rights
Dodgy Deals

BTG Pactual is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of BTG Pactual's link to these deals.

Projects / Companies
Finance type
Year
News
BankTrack
Partners
Blog
External
Blog
BankTrack news BankTrack blog Partner news Partner blog

Barclays earned $1.7 billion from company tied to Indigenous land invasion

Financial powerhouses including Barclays, Vanguard and BlackRock made millions from financing Brazilian meatpacker JBS
2024-09-26 | London | Global Witness
Blog
BankTrack news BankTrack blog Partner news Partner blog

New benchmark from BankTrack shows Latin American banks falling short on human rights

All 17 Latin American banks assessed are meeting fewer than half of their responsibilities under the UN Guiding Principles
2024-03-12 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Indigenous leaders call on top Brazilian banks to end financing of oil & gas in Amazonia

2023-08-10 | Stand.earth
Blog
BankTrack news BankTrack blog Partner news Partner blog

Understanding how Brazilian banks finance agribusiness

2023-07-03 | Fair Finance International
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

Forests & Finance Coalition warns foreign investors about the risk of the anti-environment agenda in the Brazilian Congress

2021-08-19 | Forests & Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

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

2021-06-25 | Forests & Finance
BankTrack news BankTrack blog Partner news Partner blog

JBS shows SLB label is nothing without scrutiny

2021-06-18 | Global Capital
Blog
BankTrack news BankTrack blog Partner news Partner blog

Global finance sector failing to apply conservation criteria to pulp and paper funding

2020-03-21 | New York/Amsterdam | Environmental Paper Network
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

Financiers of pulp and paper industry projects will cause environmental and social harm, says new report

2017-08-01 | Mandy Haggith – Environmental Paper Network
BankTrack news BankTrack blog Partner news Partner blog

Downfall of André Esteves Stands Out in Brazil Scandal

2016-01-05 | São Paulo | The New York Times
BankTrack news BankTrack blog Partner news Partner blog

Senior Brazilian senator and billionaire CEO both arrested for corruption

2015-11-26 | São Paulo | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

BTG chief fined for insider trading

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

Suzano's Pulp Fiction

Comparing words and deeds of the world’s largest eucalyptus pulp producer
NGO document
2024-07-16 00:00:00 | EPN

Annual report 2023

Annual report
2024-06-10 00:00:00 | BTG Pactual

Still Butchering the Planet

Partner publication
2024-03-18 00:00:00 | Feedback

Sector policy Agribusiness

Bank policy
2023-12-31 00:00:00 | BTG Pactual

Sector policy Forest and timber extraction

Bank policy
2023-12-31 00:00:00 | BTG Pactual

Sector policy Power generation coal

Bank policy
2023-12-31 00:00:00 | BTG Pactual

Sector policy Power generation natural gas

Bank policy
2023-12-31 00:00:00 | BTG Pactual

Sector policy Mining

Bank policy
2023-12-31 00:00:00 | BTG Pactual

Sector policy Pulp and paper

Bank policy
2023-12-31 00:00:00 | BTG Pactual

Sector policy Oil and gas

Bank policy
2023-12-31 00:00:00 | BTG Pactual

Sector policy Power generation oil

Bank policy
2023-12-31 00:00:00 | BTG Pactual

Sector policy Power generation hydropower

Bank policy
2023-12-31 00:00:00 | BTG Pactual

Sector policy Weapons and ammunition

Bank policy
2023-12-31 00:00:00 | BTG Pactual

Social, Environmental, and Climate Risk Management

Bank policy
2023-08-31 00:00:00 | BTG Pactual

Modern Slavery and Human Trafficking Statement 2022

Bank policy
2023-08-11 00:00:00 | BTG Pactual

Annual report 2022

Annual report
2023-05-31 00:00:00 | BTG Pactual

Social, Environmental and Climate Responsibilities Policy

Bank policy
2023-01-31 00:00:00 | BTG Pactual

Principles on Responsible Investment Transparency Report 2021

Other bank document
2022-11-21 00:00:00 | BTG Pactual

Responsible Investment Policy

Bank policy
2022-09-30 00:00:00 | BTG Pactual

Annual report 2021

Annual report
2022-05-03 00:00:00 | BTG Pactual

Principles for Responsible Investment Transparency Report 2020

Other bank document
2021-11-30 00:00:00 | BTG Pactual

Supplier Evaluation Policy

Bank policy
2021-10-31 00:00:00 | BTG Pactual

Sustainability policy

Bank policy
2021-08-31 00:00:00 | BTG Pactual

Recipients of the letter about the risk of the anti-environment agenda in the Brazilian Congress

NGO document
2021-08-19 00:00:00 | BankTrack

Annual integrated report 2020

Annual report
2021-06-15 00:00:00 | BTG Pactual

Green, Social and Sustainable Financing Framework

Other bank document
2020-10-31 00:00:00 | BTG Pactual

Annual report 2019

Annual report
2020-10-27 00:00:00 | BTG Pactual

CSR report 2019

Annual report
2020-09-24 00:00:00 | BTG Pactual

Social investment policy

Document in Portuguese
Bank policy
2020-07-01 00:00:00 | BTG Pactual

Environmental and social risk policy

Bank policy
2020-06-30 00:00:00 | BTG Pactual

Annual report 2018

Annual report
2019-07-31 00:00:00 | BTG Pactual

Policy on forest protection

Bank policy
2018-11-06 00:00:00 | BTG Pactual

Global - Environmental, social and corporate governance policy

Bank policy
2018-08-31 00:00:00 | BTG Pactual

Annual report 2017

Annual report
2018-08-30 00:00:00 | BTG Pactual

ESG Annual Report 2016-17

Other bank document
2017-07-19 00:00:00 | BTG Pactual Timberland Investment Group

Responsible investment policy

Bank policy
2017-04-21 00:00:00 | BTG Pactual - Timberland & Agriculture Group

ESG Report 2015

Annual report
2016-08-16 00:00:00 | BTG Pactual

Annual report 2014

Annual report
2015-10-30 00:00:00 | BTG Pactual

Code of business principles and ethics

Bank policy
2010-02-05 00:00:00 | BTG Pactual
Accountability
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.

BTG Pactual is an Equator Principles signatory. While the Equator Principles have no official grievance mechanism, complaints relating to this bank's financing of Equator Principles projects can be filed through our own website www.equator-complaints.org.

This page evaluates BTG Pactual's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".

Impacts reviewed
Responded?
Total score
Response
Action
Monitoring

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Banks and Human Rights

Banks and Human Rights

BankTrack assessed BTG Pactual in its 2024 Human Rights Benchmark Latin America, part of the series of  BankTrack's Regional Benchmarks, where it achieved 3.5 points out of 14 and was ranked as a follower.

The BankTrack Human Rights Benchmark Latin America

Human Rights Benchmark Latin America 2024

BankLast update
Country
Score
Ranking
Details
BTG Pactual
BRA
3.5
Follower 3.5
Explanation
Laggard
Follower
Moderate achiever
Leader
0 - 3 points
3.5 - 6.5 points
7 - 10 points
10.5 - 14 points
For more details see this page.
Banks and Nature

Banks and Nature

BTG Pactual’s policies for forest-risk sectors (beef, soy, palm oil, pulp and paper, rubber and timber) have been assessed by the Forests & Finance coalition, achieving an overall score of 1.9 out of 10 and ranking it as a follower. BTG Pactual achieved a score of 1.8 out of 10 specifically for its policies related to the beef sector and 1.2 out of 10 for its policies related to the palm oil sector. In addition, BankTrack and the Environmental Paper Network have assessed BTG Pactual’s policies related to the pulp and paper sector.

Between 2016 and 2022, BTG Pactual provided USD 2,371 million in credit to companies operating in these forest-risk sectors and held investments amounting to USD 266 million as of 2022. For more information, see the links below. 

 

Forests & Finance

Banks and beef

Banks and palm oil

Banks and pulp & paper

Forest & Finance Policy Assessment 2022: Overall scores

BankLast update
Country
Score
Ranking
Details
BTG Pactual
2022-09-21
BRA
1.9
Follower 1.9
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 1.8
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 1.2
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.
Good Moves

Good moves

Year: