Private Social Investment
Promote access and the expansion of rights, improve the quality of life in cities and strengthen people’s power of transformation through private social investment.
Our actions toward fulfilling this commitment consider, first and foremost, the incidence on public policies and collective agendas, as well as the integration to the Sustainable Development Goals (SDGs) and to state and city plans and policies, through some work fronts:
- Education
- Culture
- Mobility
- Longevity
- Sports
- Diversity
Learn about the targets of this commitment:
Conduct environmental, social and governance (ESG) assessments for 100% of applicable assets and ESG governance engagement processes to foster 100% of our partners by 2025.
Have a responsible investment and impact product offering in our portfolio that is always open for investment, by 2025.
Continually grow our volume of ESG assets under management, by 2025.
Learn about the Itaú's Private Social Investment actions
Education
We believe that equalitarian public education contributes to employability and promotes access to culture, creating autonomous citizens with a critical ability to assess their reality and propose the necessary changes.
Investment in education is one of the driving forces towards social transformation and a basic pillar of a sustainable development. The better the quality of education, the better trained and more capable citizens, capable of achieving better job opportunities and quality of life, thus strengthening Brazil’s economy, which is the key for our business.
Itaú-Unibanco has institutes and foundations that work as agents for improvements in the education and work agenda in Brazil.
Itaú Social
We implement and share social technologies to contribute to the improvement of Brazilian public education through Itaú Social, created 28 years ago.
Instituto Unibanco
Through Instituto Unibanco, we have been working for 39 years to improve public education in Brazil. The goal is to ensure students stay in school and receive quality learning, with actions to support educational management.
Urban mobility
We understand our work in the mobility field as an opportunity to promote high-level discussions about the alternatives of locomotion in the cities, bringing active mobility as a solution that generates positive health and economic impacts, in addition to environmental benefits such as reducing greenhouse gas emissions, while improving the quality of urban life.
This is why, since 2012, we have been promoting the use of bike sharing in five Brazilian and two Latin American cities by supporting urban mobility and allowing the choice of means of transport to reflect the power of each person to transform society.
We also support several civil society organizations that encourage the use of bicycles as an inclusive, sustainable mean of transportation, as well as sponsoring research for a more qualified and useful generation of data for public authorities.
LoLongevity (Itaú Viver Mais)
The aging of Brazil’s population can happen in the most diverse ways. It depends on the look society casts on its citizens. And the response of the State, businesses and civil society, in promoting public policies and initiatives that address the needs and opportunities at this stage of life, which we all have the right to live with quality of life.
By 2030, the number of elderly people In Brazil should be equivalent to the number of young people. And in 2050, it will double.
This inversion of the age pyramid in our country signals a scenario to what Itaú Viver Mais believes can contribute by investing in initiatives, training people, and supporting public authorities and civil society organizations to face the demographic change and its impacts.
Sports
For Itaú, sport is a great promoter of social inclusion and individual development, and an ally of education.
The bank selects, supports and strengthens, through annual public invitations to tender, organizations that have projects approved under the Sports Incentive Law (LFIE), in the educational and participation categories, which go beyond the teaching of a sport, and look at people as a whole by contributing to their development and impacting their communities.
In addition to the financial support, meetings and lectures are held with civil society organizations to exchange knowledge and disseminate content. A course is also offered with the goal of preparing organizations to seek private funding for their social projects via the Federal Sports Incentive Law.
Diversity
At Itaú Unibanco, we believe that ethics, respect and valuing people are the basis for all our achievements. We believe that having a staff with a plurality of backgrounds, cultures, beliefs, experiences, races, genders, affective-sexual orientations, and generations broadens perspectives and contributes to a climate of respect for and appreciation of differences.
We recognize and boost diversity, inclusion and equity of opportunities in our organization and in society. For this reason, we follow the guidelines established in the Itaú Unibanco Commitment to Human Rights and the Commitment to Diversity Charter.
Accordingly, we seek to encourage a respectful, healthy environment for all people who work at Itaú and we work to develop corporate leaders who are sensitive to and engaged with the topic.
Our actions and investments in diversity and inclusion prioritize the following:
LGBTQIA+
Employability and income generation
Gender
Capacity building and connection of female entrepreneurs
Race
Dignified access to education and income
People with Disabilities
Autonomy and inclusion of people with disabilities in all spaces
Learn about the some of the projects sponsored Itaú Unibanco:
Potencies: Itaú Unibanco’s Remaining in University Scholarship Program.
The Program seeks to encourage self-reported black, brown or indigenous students, who entered under the Quotas Law, public universities in invited to participate in the Program, to remain enrolled. In 2022, Itaú invested R$25 million to make possible the monthly offer of financial scholarships during the entire regular graduation period of the scholarship recipients. The Program seeks to drive a virtuous cycle for the benefited students, and for the universities and society.
Itaú Scholarship Program at the University of São Paulo
A program developed by the University of São Paulo (“USP”), which is sponsored by Itaú for a cycle of up to six years, from 2018 to 2023, totaling an investment of R$2.5 million. The initiative makes it possible to provide financial support scholarships for students on the São Paulo Campus who are quota holders—people self-reported as Black, Brown or Indigenous—to be able to remain in university. In addition to the scholarships, Itaú’s support also made it possible to develop an academic study investigating the impact of financial aid on the university dropout rate and the academic performance of these students. In 2022, Itaú renewed its support for students in vulnerable situations to remain in USP through the USP Diversa program.
Prosseguir (Go On) Program
Developed by the Center for the Study of Labor Relations and Inequalities (CEERT), the Program aims to highlight future black leaders who are in public and private universities through strategies for strengthening and academic permanence, and dialogue with the labor market. Prosseguir (Keep Going) counts on the sponsorship of Itaú Unibanco by offering financial support scholarships for students to remain in university, attend English language courses, and a agenda of lectures and workshops with a focus on the labor market and racial equity.
Project Cadê Você (Where Are You), of Instituto Mara Gabrilli
Designed and developed by Instituto Mara Gabrilli, Cadê Você (Where Are You) has the objective of collaborating to the inclusion and self-sufficiency of people with disabilities. Through joint efforts, the project’s team of professionals locates people with disabilities living in the most vulnerable communities and assesses their social and economic living conditions and accessibility resources. The project also aims to create a protection network by taking information on the main health, work, accessibility, and education services and the rights of people with disabilities.
Instituto Rodrigo Mendes
Itaú is a sponsor of Instituto Rodrigo Mendes (IRM), a nonprofit organization with the mission of collaborating so that every person with disabilities has a quality education in regular school. The organization works to build knowledge through actions involving the development of research, publications, and consulting, as well as lectures and workshops. The Institute also contributes to the training of educators, school managers, and technicians from the education department of the public-school network on Inclusive Education and collaborates in the social control of public education policies by way of public management observatories. In 2021, Itaú received the IRM Inclusive Education Seal for consistently supporting initiatives that strengthen accessible and inclusive education in Brazil.
LGBT+ Pride Invitation to Tender
The LGBT+ Pride invitation to tender has the purpose of encouraging the power of transformation of the LGBTQIA+ community in Brazil by encouraging the development of initiatives that assist and encourage visibility, safety, and respect for LGBTQIA+ people that rests on three pillars: employability, entrepreneurship and income generation. Since its first edition in 2019, the program has reached the mark of 2,285 registered projects from all regions of Brazil and has comprised 35 initiatives.
Women in Leadership in Latin America
We sponsor Women in Leadership in Latin America (WILL), an international nonprofit organization based in São Paulo whose mission is to support and promote the career development of women in Latin America by recognizing their skills and competencies. The institution also has the purpose of encouraging companies based in the region to implement programs that associate women and business by encouraging the exchange of best practices between local and foreign organizations.