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Caixa Econômica FederalBrazil

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Caixa Economica Federal's head offices in Brasilia. Photo: Agencia Senado via Flickr (CC BY 2.0)

Active

This profile is actively maintained
Last update: 2024-04-19 10:14:22
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About
Website https://www.caixa.gov.br/Paginas/home-caixa.aspx
Headquarters
SBS Quadra 4 Lotes 3 E 4 Edificio Sede 21
Brasilia
Brazil
CEO/chair Carlos Antônio Vieira Fernandes
CEO
Supervisor
Banco Central do Brasil
Ownership

Caixa Economica Federal is state-owned by the Brazilian government.

Caixa Economica Federal is a government-owned financial institution. It is Brazil's fourth largest bank by assets and the largest publicly held bank in Latin America. The bank was founded in 1861. Caixa Economica Federal is one of the five Brazilian Equator Principles Financial Institutions (others are: Banco do Brasil, Banco Bradesco, Banca Itau-Unibanco and Banco Votorantim). 

Sustainability
Commitments
Policies
Voluntary standards

Caixa Economica Federal's most important sustainability commitments can be found at the website sections listed below.

Links

Sustainability

Social and environmental responsibility policy

(in Portuguese)
Bank policy
2021-10-22 00:00:00 | Caixa Economica Federal

Analysis of projects

Bank policy
2021-06-23 00:00:00 | Caixa Economica Federal

Anti-Money Laundering and Terrorist Financing Policy

Bank policy
2021-06-23 00:00:00 | Caixa Economica Federal

Climate Change and Green Finance

Bank policy
2021-06-23 00:00:00 | Caixa Economica Federal

Compliance and Integrity Program

Bank policy
2020-07-07 00:00:00 | Caixa Seguridade

Credit policy

(in Portuguese)
Bank policy
2020-04-07 00:00:00 | Caixa Economica Federal

Sustainable procurement policy and suppliers relationship

Bank policy
2015-03-27 00:00:00 | Caixa Economica Federal
Caixa Econômica Federal 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
Global Reporting InitiativeTags: sustainable development | human rights
Greenhouse Gas Protocol Tags: climate change | greenhouse gas emissions | mitigation
Natural Capital DeclarationTags: sustainable development | finance | natural resources | corporate social responsibility
OECD Guidelines for Multinational EnterprisesTags: consumer safety | corporate social responsibility | corruption | cultural preservation | dams | human rights | mining and processing | OECD | supply chain | taxation | worker rights
Principles for Responsible Investment (PRI)Tags: corporate social responsibility | sustainable development | United Nations
United Nations Global CompactTags: United Nations | human rights
Dodgy Deals

Caixa Econômica Federal 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 Caixa Econômica Federal's link to these deals.

Projects / Companies
Finance type
Year
News
BankTrack
Partners
Blog
External
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

Understanding how Brazilian banks finance agribusiness

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

Investment funds injected US$ 54.1 billion into mining companies with interests in Indigenous territories in the Amazon

New report by APIB and Amazon Watch reveals main investors of eight large mining companies that wish to explore Indigenous territories in Brazil.
2022-02-22 | Brazil | Amazon Watch, Association of Brazil’s Indigenous Peoples (APIB)
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
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks called upon to take action to protect biodiversity ahead of UN Biodiversity Conference in Kunming

Civil society organizations urge banks to adopt stringent “No Go” policy for biodiversity rich areas
2021-05-26 | Nijmegen | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Investigation: Dutch, Japanese pension funds pay for Amazon deforestation

2021-02-05 | Mongabay
Blog
BankTrack news BankTrack blog Partner news Partner blog

New BankTrack Equator Principles reporting tracking tool launched

2020-09-21 | BankTrack
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
Blog
BankTrack news BankTrack blog Partner news Partner blog

4 out of 5 banks failing on human rights, new BankTrack Human Rights Benchmark shows

Lloyds, Bank of America, Goldman Sachs and Société Générale among the poorest performers in BankTrack ranking, alongside Canadian and Chinese banks
2019-11-26 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

BankTrack 2019 Human Rights Benchmark: criteria and scope announced

2019-06-25 | Nijmegen | BankTrack
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

Equator Principles goes beyond project finance, improves transparency

2012-08-13 | Environmental Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Belo Monte dam does not meet sustainability criteria of world's private banks, say rights groups

2011-11-07 | Brazil | International Rivers and Amigos da Terra-Amazônia
BankTrack news BankTrack blog Partner news Partner blog

While BankTrack criticizes Equator Principles, IFC celebrates Community of Learning

2011-10-25 | Washington | prizmablog.com
BankTrack news BankTrack blog Partner news Partner blog

Time to Improve the Equator Principles, BankTrack Says

BankTrack mentioned
2011-10-24 | Washington | Social Funds
BankTrack news BankTrack blog Partner news Partner blog

BankTrack to Equator Principles banks; ‘get the Outside Job done’

Equator Principles update must lead to new Principles focused on people and planet
2011-10-23 | Washington | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Financiers search for sustainable future

BankTrack mentioned
2011-10-20 | Washington | Environmental Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

New rules for Equator Principles, but no new commitments from banks

New governance rules represent missed chance for Equator Principles to take bold steps forward on transparency and accountability
2010-07-01 | Nijmegen, the Netherlands | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Equator Principles: Action, not words needed

BankTrack calls upon Citi, new chair of Equator Principles to take bold steps forward
2010-03-15 | Nijmegen, The Netherlands | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Civil society groups call for bold steps forward with Equator Principles

Major reforms needed on transparency, accountability, implementation and climate change
2010-01-14 | Nijmegen | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Caixa adopts the Equator Principles

2009-11-18
Resources
Documents
Links

Annual report 2022

Annual report
2023-05-16 00:00:00 | Caixa Economica Federal

Annual report 2021

Annual report
2022-06-14 00:00:00 | Caixa Economica Federal

Social and environmental responsibility policy

(in Portuguese)
Bank policy
2021-10-22 00:00:00 | Caixa Economica Federal

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

Analysis of projects

Bank policy
2021-06-23 00:00:00 | Caixa Economica Federal

Anti-Money Laundering and Terrorist Financing Policy

Bank policy
2021-06-23 00:00:00 | Caixa Economica Federal

Climate Change and Green Finance

Bank policy
2021-06-23 00:00:00 | Caixa Economica Federal

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

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

Annual report 2020

Annual report
2021-06-17 00:00:00 | Caixa Economica Federal

Compliance and Integrity Program

Bank policy
2020-07-07 00:00:00 | Caixa Seguridade

Annual report 2019

Annual report
2020-05-19 00:00:00 | Caixa Economica Federal

Credit policy

(in Portuguese)
Bank policy
2020-04-07 00:00:00 | Caixa Economica Federal

Caixa Economica Federal Annual Report 2018

Annual report
2019-02-04 00:00:00 | Caixa Economica Federal

Sustainability Report 2017

Annual report
2018-07-31 00:00:00 | Caixa Economica Federal

Sustainability Report 2016

Annual report
2018-04-30 00:00:00 | Caixa Economica Federal

Annual report 2017

Annual report
2018-03-31 00:00:00 | Caixa Economica Federal

Management report 2016

Annual report
2017-07-01 00:00:00 | Caixa Economica Federal

Management Report 2015

Annual report
2016-08-11 00:00:00 | Caixa Economica Federal

Financial Statements 2015

Annual report
2016-08-11 00:00:00 | Caixa Economica Federal

Green Paper, Red Lines

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

Financial Statements 2014

Annual report
2015-12-02 00:00:00 | Caixa Economica Federal

Caixa 2014 Sustainability Report

Annual report
2015-09-18 00:00:00 | Caixa Economica Federal

Sustainable procurement policy and suppliers relationship

Bank policy
2015-03-27 00:00:00 | Caixa Economica Federal

Management Report 2014

Annual report
2015-01-01 00:00:00 | Caixa Economica Federal

Caixa 2013 Sustainability Report

Annual report
2014-11-28 00:00:00 | Caixa Economica Federal

Financial Statements 2013

Annual report
2014-09-26 00:00:00 | Caixa Economica Federal

Management Report 2013

Annual report
2014-01-01 00:00:00 | Caixa Economica Federal

Sustainability Report 2012

Annual report
2013-06-07 00:00:00 | Caixa

Financial Statements 2012

Annual report
2013-04-22 00:00:00 | Caixa Economica Federal

Management Report 2012

Annual report
2013-01-01 00:00:00 | Caixa Economica Federal

An Introduction to the Brazilian Banking Sector and its Sustainability Practices

NGO document
2012-12-19 00:00:00 | Amigos da Terra – Amazônia Brasileira

Introdução ao Setor Bancário Brasileiro e Suas Práticas de Sustentabilidade

NGO document
2012-12-19 00:00:00 | Amigos da Terra – Amazônia Brasileira

Segunda notificação extrajudicial- Complexo Hidreletrico de Belo Monte- Caixa Economica Federal

Correspondence
2011-10-25 00:00:00 | Amigos da Terra- Amazonia Brasileira

Notificação extrajudicial: teor da presente notificação- Caixa Economica Federal

Correspondence
2011-10-25 00:00:00 | Amigos da Terra- Amazonia Brasileira

Letter from BankTrack to EPFIs on issues around Equator Principles Review process

Correspondence
2010-12-18 00:00:00 | Banktrack
Accountability
Grievances

Caixa Economica Federal does not operate a complaints channel for individuals or communities that may be adversely affected by its finance. Details of how to contact the bank are here (Portuguese).

Stakeholders may raise complaints via the OECD National Contact Points (see OECD Watch guidance).

Caixa Economica Federal 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 Caixa Econômica Federal'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 Caixa Econômica Federal in its 2024 Human Rights Benchmark Latin America, part of the series of  BankTrack's Regional Benchmarks, where it achieved 0.5 points out of 14 and was ranked as a laggard.

The BankTrack Human Rights Benchmark Latin America

Human Rights Benchmark Latin America 2024

BankLast update
Country
Score
Ranking
Details
Caixa Econômica Federal
BRA
0.5
Laggard 0.5
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

Caixa Econômica Federal’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 2.4 out of 10 and ranking it as a follower. Caixa Econômica Federal achieved a score of 2.5 out of 10 specifically for its policies related to the beef sector and 2.5 out of 10 for its policies related to the palm oil sector. In addition, BankTrack and the Environmental Paper Network have assessed Caixa Econômica Federal's policies related to the pulp and paper sector.

Between 2016 and 2022, Caixa Econômica Federal provided USD 7,560 million in credit to companies operating in these forest-risk sectors and held investments amounting to USD 74 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
Caixa Economica Federal
2022-09-21
BRA
2.4
Follower 2.4
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
Caixa Economica Federal
2022-09-21
BRA
2.5
Follower 2.5
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
Caixa Economica Federal
2022-09-21
BRA
2.5
Follower 2.5
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.