ESG Products

Financing sustainable activities

In 2024, we launched a new commitment, to mobilize R$1 trillion for Sustainable Finance by December 2030 and thus continue to support our clients in developing projects that generate a positive contribution to society. Below are the financial instruments that make up this commitment:

. Financing for clients with activities (CNAEs) that make social and/or environmental contributions in line with Febraban’s Green Taxonomy.

. Green financial instruments, such as products that enable sustainable practices in agriculture, financing for the recovery of degraded areas and sustainable construction.

. Structuring and advising on ESG Fixed Income and Bilateral Operations for our Itaú BBA Clients.

. Credit for women entrepreneurs and micro-entrepreneurs.

. Green lines such as financing for the purchase of electric and hybrid vehicles, solar panels and green transfer.

ESG debt securities in the capital market in the local market

Itaú BBA has been instrumental in structuring ESG debt securities in the domestic and foreign capital markets, following the International Capital Markets Association (“ICMA”) and best market practices, including ANBIMA’s Guide to Sustainable Bond Offerings. These transactions may contain green, social, sustainable, transitional, and/or other characteristics linked to sustainability goals (ESG-Linked).

ESG debt securities from Itaú BBA can be offered using different fixed income instruments, such as simple and incentivized Debentures, Agribusiness Receivables Certificates (CRAs), Real Estate Receivables Certificates (CRIs), Promissory Notes (NPs), among others.

ESG proprietary funding

Proprietary issuances (green, social or sustainable) in which funds raised must be used to finance or refinance eligible green and/or social investments in our loan portfolio, as described in our Sustainability Finance Framework. Learn about the allocation of funds in the Report on the Allocation of Sustainable Funding 2022.

BBA ESG Advisory

We have specialized teams dedicated to the ESG agenda, who offer advisory support to clients, work in structuring sustainable finance solutions, and foster strategic partnerships to drive the sustainable transformation of their businesses. We stand out as the first bank in Brazil to structure a Sustainable Finance team, a pioneering spirit that consolidated our position as a reference within the industry.
Our ESG advisory services are driven by our institutional commitments and the best sustainable finance market practices. We believe that engaging with our clients is key to support these clients to build their sustainable agendas and strengthen the integration of ESG into business models, which in turn strengthens the financial resilience of businesses while promoting a lasting positive impact.

Green Entrepreneur Plan

The Plano Empresário Verde (Green Entrepreneur Plan) is an Itaú BBA’s product in Brazil, which consists of financing residential or commercial real estate developments that foster sustainable construction. In order for the project to be eligible to the Plano Empresário Verde, the real estate development must have at least one of the three certifications currently accepted, namely: EDGE Certification (Excellence in Design for Greater Efficiencies); AQUA Certification (High Environmental Quality); LEED (Leadership in Energy and Environmental Design) Certification.

Green Onlending

Repasse Verde (Green Onlending) is the sustainable mortgage loan for individuals. The program aims at offering the best rate available at Itaú on the contract date for those who buy apartments in buildings with sustainable certifications from the developments that were financed by the Green Business Plan. The Green Onlending benefit is applied to purchase transactions financed by individuals, offered at the time the real estate unit is transferred to the final buyer.

Reverse Program

The Reverte (Reverse) program is an initiative of Syngenta and, in the Cerrado (Brazilian scrubland), a partnership with TNC (The Nature Conservancy), aimed to technically and financially promote the conversion of degraded pasture areas into arable areas in the Cerrado.
In addition to increasing productivity, this movement enables expanding production areas without the need of opening new areas. Agricultural producers who adhere to the program comply with the environmental and social criteria, and receive technical guidance and technological solutions provided by Syngenta and partners to implement the project for the recovery and conversion of the areas. We are partners of the Reverte program, providing exclusive financial solutions that are suited to the agricultural producer needs to carry out the project.

Bioinputs

Bioinputs made its way into the ABC+ Plan in 2021 as one of the technologies with potential to mitigate GHG emissions from farming systems.

In addition to this one, adopting it brings several other benefits to the system, such as improving the fixation and availability of soil nutrients for plants, favoring the natural cycling of soil nutrients, building organic matter, reducing production costs and exchange rate fluctuation impacts (given that organic products are mostly of national origin and reduce dependence on imports).

Solar Energy

The Linha Energia (Energy Credit Line) is intended for investments in acquisition, installation and/or maintenance of photovoltaic energy generation projects in operations of agricultural producers, farming industries and cooperatives. In addition to promoting energy transition in farming activities, it contributes to the installation of stable and safe infrastructure in rural areas, reducing the risk of energy supply interruptions and mounting production costs.

Coverage

The Cobertura (Coverage) line is aimed at agricultural producers and production cooperatives. The purpose of the line is to supplement a good practice already widely adopted in Brazilian agricultural production, namely the no-till system on straw, that is, without tilling the soil. The adoption of a cover crop in the off-season makes up, together with crop rotation and no-till system on straw, the so-called Direct Planting System, which is one of the various practices of the regenerative system of agricultural production.

Certifications

The Certificações (Certifications) line is intended for financing certified production (agricultural producers and production cooperatives). For now, this line of products includes two certifications recognized internationally for their robust protocols and for comprehensively covering sustainability in rural production: RTRS (Round Table on Responsible Soy Association) for soybean producers, and Rainforest Alliance for coffee, citrus and other fruit crops.

ESG-linked loans

Itaú BBA operates in the structuring of several ESG loan operations, both onshore and offshore, following the guidelines of the Loan Market Association (LMA) and best market practices, which includes operations with a green, social or sustainable seal, or operations with a seal of transition or characteristics linked to sustainability targets (“ESG-Linked”). Loan operations contracted with Itaú Unibanco may be structured in different financial products, such as working capital, debtor risk, foreign currency products, such as Export Credit Notes (NCE), Export Prepayment (PPE), loans (Loan 4131), among others. These products follow their specific regulation with the additionality of ESG requirements, criteria and guidelines.

ETF ISUS11 – Itaú Asset Management

A listed equity fund with shares traded on stock exchanges, it covers monitors the performance of the B3’s Corporate Sustainability Index (ISE).

ETF GOVE11 – Itaú Asset Management

A listed equity fund with shares traded on stock exchanges, it monitors the performance of the B3’s Corporate Governance Index (IGCT).

ETF YDRO11– Itaú Asset Management

Itaú Unibanco’s international listed equities fund, which replicates the S&P Kensho Hydrogen Economy portfolio, tracking the performance of companies focused on the hydrogen economy, an element with high combustion power and great potential to revolutionize the energy market.

ETF REVE11 (“Green Revenues”) – Itaú Asset Management

Aimed at investing in companies that are well advanced in the transition to a green economy, this ETF replicates the portfolio of the Russell 1000 Green Revenues 50 Index, providing access to shares of 50 global companies that make the highest proportion of their earnings from green products and services, according to the European Union’s green taxonomy.

Itaú Active Fix ESG Horizonte Fund – Itaú Asset Management (fixed income)

The purpose of this fund is to invest in companies from industries with positive environmental and social impacts in their core business, such as healthcare, education, sanitation, renewable energy and waste management, among others. Additionally, the fund seeks exposure in private credit and a minimum percentage of 10% of net equity in companies’ assets that operates in the Legal Amazon region.

Itaú ESG water index fund – Itaú Asset Management

This is a fund that tracks the performance of the largest global water-related business companies. With access to 50 global companies from 10 countries, this fund offers investments linked to a theme little explored in Brazil and, therefore, with great potential for diversification.

Itaú ESG clean energy index fund – Itaú Asset Management

This is a fund that features clean energy linked investments in the world, offering access to over 30 global companies active in clean energy generation, such as biofuels, solar power and wind power, supporting the transition to a more emissions-efficient economic system.

Itaú ESG Moment Fund – Equities – Itaú Asset Management

This fund provides clients with an unrestricted equity strategy, seeking absolute long-term returns and avoiding investing in companies currently involved in ESG disputes, by including the Itaú Asset ESG filter to pick companies as it combines the search for companies with high quality of business and management with the flexibility to explore market opportunities.

Itaú ESG Active Fix Fund – Itaú Asset Management (fixed income)t

Fundo Itaú Active Fix ESG (Fixed Income): the purpose of this fund is to invest in companies from industries with positive environmental and social impacts in their core business, such as healthcare, education, sanitation, renewable energy and low-income housing, among others.

Itaú global ESG equities fund

This fund invests in global companies with the best ESG performance in their industries (best-in-class). This fund tracks the MSCI World SRI index, which integrates quantitative and qualitative ESG aspects in the company screening and selection process. In addition to selecting top ESG-performing companies, the index screens out companies that operate in controversial sectors or are involved in ESG controversies in connection with their operations, products and services (negative screening).

Microcredit

In our microcredit operations, we offer formal and informal microentrepreneurs (up to R$ 360,000/year in revenue) a line of credit to finance productive activities, in line with the national program for productive and oriented microcredit (PNMPO).

We offer more affordable rates, simplicity in hiring and exclusive service, seeking to promote financial inclusion and the creation of an ecosystem of small entrepreneurs for the social and economic development of the low-income population in Brazil. Loans from the microcredit portfolio are offered throughout the Northeast, with amounts ranging from R$ 400.00 to R$ 21,000.00. In addition, our product is integrated with iti, a free digital bank, and with Itaú, for account holders. The client receives the credit through the application, after a face-to-face technical visit by the microcredit specialist, and is able to manage money digitally, with access to other financial functionalities such as payments, transfers and credit cards.

Electric and hybrid vehicle financing

More than ten years ago, we pioneered investment in shared urban mobility with the launch of Bike Itaú, and we continue to innovate to offer our customers cleaner mobility options.

In 2024, we offered special interest rates (starting at 1.49% per month) to foster the growth of the EV segment in Brazil and we identified a growth in the share of electric and hybrid vehicles of our loan portfolio, which today make up 5.9 percent (+2.2 p.p. YoY), with an increase in credit volume of 74 percent compared to 2023.

We also make available a purchase club option for electric and hybrid vehicles, with incentives for cash payment, besides all the benefits of a purchase club, such as planning, smaller installments, and no interest rate.

Accessibility

Accessibility is a pillar in the design of all our projects, products, and services. As part of this commitment:

– We follow the W3C’s international digital accessibility guidelines, the Web Content Accessibility Guidelines (WCAG), which allows our digital content to be easily interpreted and fully applied using assistive technologies. These guidelines are outlined in the Accessibility Charter, available on our homepage, and in the Corporate Digital Accessibility Policy. In addition, we have a specialized team dedicated to the topic.

– Validation of Digital Channels: the entire development of the applications and websites draw on the best accessibility practices and tested on a large scale by people with and without disabilities to ensure autonomy and safety for all people.

– Customer service channels, such as chat, WhatsApp, and telephone are accessible and have a qualified team to serve all clients.

– We have a sign language Call Center for deaf clients or client with hearing impairment and/or speech difficulties. In this Call Center, we have attendants trained in Brazilian Sign Language and who also have hearing impairment. The Sign Language Call Center is available on bankline, the Itaú app, and brick-and-mortar branches and the service is provided using video calls.

– On our web pages, we provide a virtual sign language translator that identifies herself as Maya: an avatar developed using AI that translates texts and describes images into Brazilian Sign Language.

– Our clients self-reported as blind or visually impaired, who have a credit or debit card, have the option of receiving at home a kit containing a card printed in Braille, containing information about the card and how to unlock it. In addition, each client also receives the braille-printed credit card bill at home or a bill using enlarged characters.

– Itaú launched the first card that describes out loud the transaction process at the time of purchase thus allowing low vision or visually impaired clients to validate the transaction amount before entering the password. At the time of a card is requested, a kit is sent to the customer that includes the card with Voice Card technology, two cards with braille writing, and a letter with enlarged letters and braille marking, containing the necessary instructions for unlocking the card.

– Our brick-and-mortar branches have and inclusive, friendly architecture that meet the requirements of NBR 9050, and ATMs enable self-service for all people in accordance with NBR 15250, with voice instructions for people with visual impairment or low vision.

iti: digital bank

It is a full services digital current account at no cost. Iti clients have access to products, such as the acquisition of 100% digital microcredit, salary portability, debit and credit cards, digital withdrawal, mobile recharge, targets, possibility to pay bills, pix (instant electronic payment solution), underage accounts and payroll.

agricultural insurance

We sell 100% of our Agricultural Insurance products through partner insurance companies to protect the agricultural producer’s crops from planting to harvesting against weather events, such as: fire, lightning, hail, frost, water storms, drought, excessive rain, excessive temperature variation, strong winds, and cold winds. If agricultural producers use precision farming, which is a managerial and technological farming process where production systems are developed in a more sustainable way, they may be eligible for rate reductions. The goal of this insurance product is to bring economic stability, maintain jobs in rural areas and foster the development of technology. Additionally, it is also aimed to protect income and production and mitigate credit risk in the agribusiness financing chain, as one of its assumptions is to be of a biological character of our clients’ production and to have total dependence on nature due to climatic events.

Itaú woman life insurance

The Seguro Itaú vida mulher (Itaú woman life insurance) was designed to meet the specific needs of the female audience such as, for example, to ensure a compensation in life for diagnosis of breast or cervical cancer, as well as to indemnify the beneficiaries in case of natural or accidental death

Entry-level and low-cost products

Get the Card protection insurance for unforeseen events that may happen to you when you have your card with you, at an affordable price that fits in your pocket. Protection for all!

Increase the protection of your account against transactions carried out by criminals, in the event of kidnapping. In the event of kidnapping, all amounts will be returned at an affordable price that fits in your pocket!

Itaú fee free account

To promote Financial Inclusion by facilitating access to basic financial services, Itaú provides a fee-free account. The account also offers a credit card option free from any annual fees (subject to approval) and investment options starting at R$1.00.

Fleet renewal

The Fleet Renewal line is targeted at logistics operators interested in accelerating the decarbonization of their fleets by investing in lower emission vehicles, regardless of the energy source. Aligned with the guidelines of the Paris Agreement, this line aims to encourage these companies to speed up the renewal of their fleets, making transportation more efficient and 50% less polluting than the average domestic flee. We use public sources and data collected from clients, validated by second party opinion, to calculate the avoided emissions.

Certified Products

The Certifications line is intended to finance the acquisition of certified input. Currently, this line includes three certifications recognized internationally for their robust protocols and for the positive contribution they make for the current legislation – FSC for the acquisition of wood, and Rainforest Alliance and 4C for coffee.