The banking system plays a key role in boosting social and economic development of society. Through its actions, a bank is able, for example, to create jobs, develop business and encourage entrepreneurship in a country. On the other hand, it can generate negative impacts, such as CO2 emissions and waste generation.

Whenever possible, Itaú Unibanco seeks ways to use our resources and expertise to promote positive contributions associated to our business.

Knowing that much of the impact we generate arises from the business we do, we also offer products and services that foster positive impact. In addition to supporting our clients with sustainable investment solutions that bring financial return and benefits to society, determining the capital allocation, whether for credit or investments, is an essential part of these actions.

In 2016, we carried out the first study to enhance the knowledge about our social and economic impacts in Brazil.

In 2017, we created a working group to promote recurring discussions, map and measure the bank’s social, economic and environmental externalities.

Thereafter, we started an internal survey of priority externalities that include initiatives associated to the “core” and generate and/or mitigate direct, indirect and induced positive and/or negative impacts, which is presented below.

More information at our Annual Consolidated Report