ESG Products

Financing sustainable activities

In 2024, we made a commitment to raise R$1 trillion for Sustainable Finance by December 2030, thus continuing to help our clients develop projects that post a positive contribution to society.

This commitment includes:

– Green Cnaes: financing for clients with activities that make an environmental and/or social contribution aligned with the Green Taxonomy of the Brazilian Federation of Bank (Febraban);

– Green Bonds: green agribusiness products, off-the-shelf ESG products, Green Entrepreneur Plan, ESG fixed income securities, and ESG bilateral transactions;

– Rural producer: financing for rural producers whose activities are aligned with the Febraban Taxonomy;

– Holding companies: financing for energy holding companies operating exclusively with renewable energy, energy services, sanitation, and education;

– ESG retail products: credit facilities for women entrepreneurs, microcredit, electric and/or hybrid vehicles, and exclusive financing for undertakings under the Green Entrepreneur Plan.

ESG debt securities in the capital market in the local market

Structuring ESG debt issuances in local and foreign capital markets, in conformity with the guidelines of the International Markets Association (“ICMA”) and Brazilian Financial and Capital Markets Association (“ANBIMA”), when applicable.

BBA ESG Advisory

We have specialized teams dedicated to ESG issues, operating in the structuring of sustainable finance solutions and fostering strategic partnerships to drive the sustainable transformation of their business.

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 a number of ESG credit operations (onshore and offshore), in conformity with the guidelines of the Loan Market Association (LMA) and best market practices. These operations may have a green, social, sustainable, or transitional framework, or be linked to sustainability targets (“ESG-Linked”). Loans raised from the bank may be structured based on different financial products, including working capital, forfaiting, foreign currency products – such as Export Credit Notes (NCE), Export Prepayment (PPE), and loans (Loan 4131) – as well as rural credit products, such as Rural Product Notes (CPR). These products conform with their corresponding regulations, in addition to including ESG criteria.

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 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 provide formal or informal micro entrepreneurs (revenue of up to R$360,000/year) with a line of credit to finance productive activities under the national program for productive and oriented microcredit (PNMPO). We offer more affordable rates, simplicity in loan raising 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. Microcredit loans are offered throughout Brazil’s Northeast region, with amounts ranging from R$400.00 to R$21,000.00. Clients receive the credit through the app, using their free Itaú digital account, after an in-person technical visit from a microcredit specialist. They can manage their money digitally and have access to the entire Itaú ecosystem of products and services.

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 international digital accessibility guidelines from W3C, the Web Content Accessibility Guidelines (WCAG) that make our digital content easy to interpret and fully operable with assistive technologies. These guidelines are outlined in the Accessibility Charter, available on our homepage, and in the Corporate Digital Accessibility Policy. We also have a specialized accessibility team;

– Validation of digital channels: all app and website journeys are developed based on the best accessibility practices and tested on large scale by persons with or without disabilities, ensuring autonomy and safety for all;

– Digital service channels, such as chat, WhatsApp and hotline, are accessible with a team qualified to serve all clients;

– We have a Client Service Center in the Brazilian Sign Language (Libras) for deaf, hearing-, and/or speech-impaired clients. We have hearing-impaired operators trained in Brazilian Sign Language in this call center. This Sign Language Service Center is available on the bankline, Itaú app, and at brick-and-mortar branches, with the service provided via video call;

– On our web pages, we provide a virtual sign language interpreter who identifies herself as Maya: An AI-powered avatar that translates texts and describes images into the Brazilian Sign Language;

– Our self-declared blind or visually impaired clients who have a credit or debit card can receive a tool kit at home containing a card printed in Braille, with information about the card and how to unlock it. Clients can also receive at home their credit card statements printed in braille or in enlarged characters;

– Itaú has launched the first card that voices the transactional process at the time of purchase, allowing low-vision or visually impaired clients to validate the transaction amount before entering their PIN number. At the time the client requests a card, they receive a tool kit that includes a Voice Card technology card, two cards with braille markings, and a letter with enlarged letters and braille markings with the necessary instructions for unlocking the product;

– Our brick-and-mortar branches feature inclusive and user-friendly architecture, meeting the NBR 9050 standard requirements, and the ATMs allow self-service for all people in accordance with NBR 15250 standard, with audio operation for low vision or visually impaired persons.

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 credit line is targeted at logistics operators and companies who own their own fleet who are interested in acquiring vehicles under Itaú Unibanco’s Sustainable Finance Framework criteria.

In line with the Paris Agreement guidelines, this initiative aims to encourage the industry modernization and decarbonization, contributing to efficiency gains in logistics and the reduction of transportation-related emissions.

Certified Products

The Certified Products Line is designed to finance the acquisition of internationally recognized certified inputs. This initiative ensures traceability throughout the production chain and encourages the adoption of good environmental and social practices – the line includes FSC-certified wood, Rainforest Alliance or 4C-certified coffee, and BCI cotton.

Itaú digital piggy bank app

The so-called ‘Cofrinhos do Itaú’ are a digital solution to encourage the habit of saving in a simple and accessible way, aligned with the client’s personal goals. Through this app, clients can organize their savings starting with just R$1.00, create specific goals or make financial reserves, and track the evolution of their balance in real time, with automatic returns on business days and a safe investment linked to the bank. This initiative underpins Itaú’s commitment to promoting financial organization and short- and medium-term planning, expanding access to savings instruments in the client’s daily life.

CDB DI ESG

CDB DI is an equities instrument issued by Itaú Unibanco S.A. that accrues interest at a fixed percentage of the CDI (Interbank Deposit Certificate), defined at the time of the investment, and suitable for clients seeking a conservative investment. Therefore, return is based on interest rate fluctuations. Itaú Unibanco’s CDB DI ESG is aimed to provide clients with the option of investing in an institution that finances projects in accordance with Itaú Unibanco’s Sustainable Finance Framework¹ (“Framework”) rules, such as renewable energy and energy efficiency, clean transportation, sustainable water and wastewater management, pollution prevention and control, sustainable management of natural resources and land use, green buildings, access to basic services, and inclusive finance.