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BNDESBrazil

On record

This profile is no longer actively maintained, with the information now possibly out of date
Last update: 2016-09-01 15:46:22
Contact:

Johan Frijns, BankTrack

On record

This profile is no longer actively maintained, with the information now possibly out of date
Last update: 2016-09-01 15:46:22
Contact:

Johan Frijns, BankTrack

Bank info
BankTrack campaigns
All
About
Website http://www.bndes.gov.br
Headquarters
Av. Republica do Chile, 100 – 14*. Andar - sala 1423
20031-917 Rio de Janeiro
Brazil
CEO/chair Luciano Coutinho
President
Supervisor
Banco Central do Brasil
Ownership

BNDES is a state owned bank.

The Brazilian Development Bank (BNDES), also known as the National Bank for Economic and Social Development, is the main financing agent for development in Brazil. It is a federal public company associated with the Ministry of Development, Industry, and Trade and it is one of the largest development banks in the world (after the Chinese Development Bank). Since its foundation, in 1952, the BNDES has played a fundamental role in stimulating the expansion of industry and infrastructure in the country. Its operations have evolved in accordance with the Brazilian socio-economic challenges and now they include support for exports, technological innovation, sustainable socio-environmental development and the modernization of public administration. BNDES also has offices in London, Johannesburg and Montevideo.

Sustainability
Policies
Voluntary standards

Anti-corruption Policy

Bank policy
2020-07-14 00:00:00

Social Clause

Bank policy
2020-07-14 00:00:00

Social and Environmental Responsibility Policy

Bank policy
2020-07-14 00:00:00

Social and Environmental Responsibility Policy

Bank policy
2020-07-14 00:00:00

Environmental criteria to support the power generation segment

Bank policy
2016-05-04 00:00:00 | BNDES

Guidelines and environmental criteria for support for sugar and ethanol sector

Bank policy
2016-05-04 00:00:00 | BNDES

Environmental guidelines for cattle-raising

Bank policy
2016-05-04 00:00:00 | BNDES

Socio-environmental Policy

Bank policy
2016-05-04 00:00:00 | BNDES

Project analysis and selection process

Bank policy
2016-05-03 00:00:00 | BNDES

Socio-environmental Guidelines

Bank policy
2014-06-03 00:00:00 | BNDES
BNDES has committed itself to the following voluntary standards:
Convention on Combating Bribery of Foreign Public Officials in International Business TransactionsTags: corruption | OECD
Global Reporting InitiativeTags: sustainable development | human rights
Protocolo Verde Brasil (Brazil Green Protocol) Tags: corporate social responsibility | sustainable development
UNEP Finance InitiativeTags: United Nations | sustainable development
Dodgy Deals

BNDES 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 BNDES's link to these deals.

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

Major banks fueling biodiversity collapse by $395 billion since the Paris Agreement; Governments failing to reign in banks

New reports reveal escalating financing to destructive sectors and highlight the urgent need for financial sector regulations to achieve Global Biodiversity Goals
2024-10-16 | San Francisco | BankTrack, Amazon Watch, CED Cameroon, Friends of the Earth US, Milieudefensie, Profundo, Rainforest Action Network, Repórter Brasil, Sahabat Alam Malaysia, TuK Indonesia
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

The New Merchants of Doubt: How big meat and dairy avoid climate action

New report by Changing Markets reveals how Big Meat & Dairy use lobbying, greenwashing, & misinformation tactics, to block meaningful emissions regulations.
2024-07-18 | Changing Markets
Blog
BankTrack news BankTrack blog Partner news Partner blog

Pulp Fiction: the dystopian reality of the origin of your paper

A new report by Environmental Paper Network International debunks the story that paper is ‘green’ and ‘renewable’. Evidence piles up on the ecological and human impacts of the pulp expansion frenzy.  
2024-07-16 | Environmental Paper Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

How Dutch banks finance agrilobby in Brazil

The new report exposes the links between Dutch financial institutions and agribusiness lobby
2024-03-21 | Amsterdam | Eerlijke Bankwijzer, Fair Bank Guide Netherlands
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
BankTrack news BankTrack blog Partner news Partner blog

The Chain: Active Fires Detected in SLC Agrícola’s Fazenda Perdizes Property in the Amazon

2021-09-06 | Chain Reaction Research
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

World’s 50 largest banks and investors driving deforestation through weak policies and major investments, new study finds

Top investors BlackRock, Vanguard, State Street, PNB, EPF, GPIF, and KWAP all amongst lowest scoring
2021-06-08 | Forests & Finance
BankTrack news BankTrack blog Partner news Partner blog

Brazilian and international banks financing global deforestation: Reports

2020-11-09 | Mongabay
Blog
BankTrack news BankTrack blog Partner news Partner blog

Two sides of the same coin: How the pulp and paper industry is profiting from deforestation in the Amazon rainforest

2020-09-22 | Environmental Paper Network
BankTrack news BankTrack blog Partner news Partner blog

BlackRock silent on livestock in latest global warming policy

2020-09-09 | Repórter Brasil
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

TRT ratifica decisão liminar que obriga Eldorado a adequar jornada de trabalho de seus motoristas

2020-01-24 | Ministerio Publico do Trabalho
Blog
BankTrack news BankTrack blog Partner news Partner blog

New letter from 30 organisations urges investors and banks to note major risks of exposure to Amazon deforestation of buying shares in global meatpackers JBS and Marfrig

2019-12-11 | Global Witness
BankTrack news BankTrack blog Partner news Partner blog

Justiça condena indústria Eldorado a indenizar sociedade em R$ 2 milhões por infrações trabalhistas

2018-08-28 | Ministerio Publico do Trabalho
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
Resources
Documents
Links

Banking on biodiversity collapse 2024

Partner publication
2024-10-16 00:00:00 | Forest and Finance Coalition

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

How the Netherlands finances agrilobby in Brazil

A case study for the Fair Bank Guide Netherlands
NGO document
2024-03-21 00:00:00 | Fair Bank Guide Netherlands

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

Guidance on Biodiversity Target Setting for PRB signatories

Other document
2021-06-24 00:00:00 | UNEPFI

Forests & Finance 2021 Briefing - Is Your Money Destroying Rainforests or Violating Rights?

NGO document
2021-06-23 00:00:00 | Forests and Finance

The money that feeds the cattle

NGO document
2020-12-10 00:00:00 | Repórter Brasil

Anti-corruption Policy

Bank policy
2020-07-14 00:00:00

Social Clause

Bank policy
2020-07-14 00:00:00

Social and Environmental Responsibility Policy

Bank policy
2020-07-14 00:00:00

Social and Environmental Responsibility Policy

Bank policy
2020-07-14 00:00:00

Green Paper, Red Lines

Requirements for pulp and paper industry finance
BankTrack publication
2016-06-02 00:00:00 | BankTrack, Environmental Paper Network

Environmental criteria to support the power generation segment

Bank policy
2016-05-04 00:00:00 | BNDES

Guidelines and environmental criteria for support for sugar and ethanol sector

Bank policy
2016-05-04 00:00:00 | BNDES

Environmental guidelines for cattle-raising

Bank policy
2016-05-04 00:00:00 | BNDES

Socio-environmental Policy

Bank policy
2016-05-04 00:00:00 | BNDES

Project analysis and selection process

Bank policy
2016-05-03 00:00:00 | BNDES

Preventing and Combating Money-Laundering and the Financing of Terrorist Activities

Other bank document
2016-05-03 00:00:00 | BNDES

Management Report 2015 - BNDES System

First half of 2015
Annual report
2015-09-10 00:00:00 | BNDES

Annual Report 2014

Annual report
2015-08-03 00:00:00 | BNDES

Management Report 2014 - BNDES System

Annual report
2015-04-17 00:00:00 | BNDES

Annual Report 2013

Annual report
2014-10-10 00:00:00 | BNDES

Desenvolvimento para as pessoas?

O Financiamento do BNDES e os Direitos Humanos
NGO document
2014-08-18 00:00:00 | Conectas

Socio-environmental Guidelines

Bank policy
2014-06-03 00:00:00 | BNDES

Annual Report 2012

Annual report
2013-11-11 00:00:00 | BNDES

The Amazon under debate: opportunities, challenges and solutions

Other bank document
2010-12-02 00:00:00

Code of Ethics of the BNDES System

Other bank document
2009-04-28 00:00:00 | BNDES
Accountability

This page evaluates BNDES'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 Nature

Banks and Nature

BNDES’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 5.1 out of 10 and ranking it as a front-runner. BNDES achieved a score of 5.3 out of 10 specifically for its policies related to the beef sector and 5 out of 10 for its policies related to the palm oil sector. In addition, BankTrack and the Environmental Paper Network have assessed BNDES's policies related to the pulp and paper sector. 

Between 2016 and 2022, BNDES provided USD 3,387 million in credit to companies operating in these forest-risk sectors and held investments amounting to USD 566 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
BNDES
2022-09-21
BRA
5.1
Front runner 5.1
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
BNDES
2022-09-21
BRA
5.3
Front runner 5.3
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
BNDES
2022-09-21
BRA
5
Front runner 5
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.