accessibility

close

About the Amazon region

Coverage

The Amazon region encompasses an area of 5.1 million hectares, and it would be alone the 7th largest country in the world

(CINDRA)

Forest losses

From January to December 2019, Brazil lost approximately 13,610 km² of virgin rain forest

(Global Forest Watch 2019)

Population

The population of the Legal Amazon region stands at over 27 million inhabitants

(IBGE)

Socioeconomic status

42% of the population lives below poverty line.

(SUDAM)

Amazon Plan

Brazil’s three largest private banks, Bradesco, Itaú Unibanco, and Santander, have unveiled an integrated plan aimed at effectively contributing to the sustainable development of the Amazon region. This plan includes ten measures designed from three action fronts identified as priority to the region: environmental conservation and bioeconomy development, investment in sustainable infrastructure, and guarantee of basic rights for the population of the Amazon region. The ten measures of the Amazon Plan are:

Zero deforestation in the meat production chain

Strengthening internal diligence processes, supporting transition and coordinating the creation of sector-specific commitments with companies and associations.

Encouraging sustainable chains

Such as sustainable chains for cocoa, açai berry and chestnut through differentiated financing lines and financial and non-financial tools.

Encouraging the development of a more sustainable transportation infrastructure

Such as river transportation, by setting environmental targets in exchange for differentiated financing conditions.

Enabling investments in basic infrastructure

For the social development of the region, such as access to energy, Internet, housing and sanitation.

Green financial instruments

Fostering projects aimed at economic development and environmental protection through green financial instruments, such as Payment for Environmental Services (PES) and Carbon Credits.

Climate information for credit and investment policies

Incorporating climate change impacts in credit and long-term investment policies and giving special attention to them in our reports.

Financial guidance and inclusion

Expanding the scope of business promoting financial inclusion and guidance in the region.

Land regularization

Coordinating and supporting the implementation of an information system to register land regularization.

Social and economic development

Coordinating the creation of a fund for local actors and leaders working in social and economic development projects in the region.

Foster bioeconomy

Attracting investments that promote partnerships and technology development to foster bioeconomy.

Advisory Board

To support these ten measures proposed to foster the region’s sustainable development, the three banks have set up a panel of highly qualified experts deeply knowledgeable of Brazil’s challenges in the environment arena and more specifically in the Amazon region.

The professionals in the board today are: Adalberto Luís Val, biologist and researcher at the National Amazon Research Institute (INPA); Adalberto Veríssimo, associate researcher and co-founder of Imazon and program officer at the Amazon Entrepreneurship Center; André Guimarães, executive officer of the Amazon Environmental Research Institute (IPAM), and co-facilitator at Coalition Brazil Climate, Forests and Agriculture; Carlos Afonso Nobre, researcher on Climate Change and the Amazon; Denis Minev, CEO of Lojas Bemol, co-founder of Fundação Amazonas Sustentável (Sustainable Amazon Foundation) and Museu da Amazônia (Amazon Museum); Izabella Teixeira, former Minister of Environment, biologist and Ph.D. in Environmental Planning from the COPPE/UFRJ; and Teresa Vendramini, cattle breeder and sociologist, president of the Brazilian Rural Society.

Amazon Conference

The purpose of the Amazon Conference is to bring about material topics and debates about region-related issues, in addition to raising funds for forest restoration and local income generation projects. A three-day event bringing together renowned local and international investors and managers, as well as Itaú’s clients as special guests.

A subject deserving our special attention

Environmental issues have always deserved our attention.ESG (Environmental, Social and Governance) topics have been part and parcel of the financial sector agenda for some time. At Itaú Unibanco, our sustainability agenda is taken very seriously. We have carried out E&S risk assessments since 2000.In 2004, we were the first Latin American institution to sign the Equator principles. Rather than being a concern to banks and investors, however, this is everyone’s concern.

We have historically stood out and always acted proactively to promote positive impact. We are the only Latin American bank to make up the Dow Jones Sustainability Index since it was created. We also make up the B3, ISE and Carbon Efficient sustainability indexes from their outset. In 2019, at the U.N. office, we signed the Principles for Responsible Banking (PRB), aimed at aligning our business with the Sustainable Development Goals (SDGs).

We have set the Positive Impact Commitments (Only available in Portuguese) through which we want to create reporting and communication transparency in addition to a positive impact through our business and our conduct and way of acting. Accordingly, we ensure that Sustainability reaches every department of our institution.

Latest related news