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About the Amazon region

Mapa do Brasil

Coverage

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

CINDRA
Comunidade

Forest losse

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

(Global Forest Watch 2019)
População Mundial

Population

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

(IBGE)
Floresta

Socioeconomic status

42% of the population live below the poverty lin

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 priorities for the region: environmental conservation and bioeconomy development, investment in sustainable infrastructure, and guarantee of basic rights for the population of the Amazon region.

Learn about the ten measures of the Amazon Plan:

Making efforts towards zero deforestation in the meat segment by strengthening internal diligence, supporting transition and coordinating the creation of sector-specific commitments with companies and associations.

Status: Planning in progress (last updated in December 2020)

Encouraging sustainable cultures (such as cocoa, açai berry and chestnut) through differentiated financing lines among other financial and non-financial tools.

Status: Planning in progress (last updated in December 2020)

Encouraging the development of a transportation infrastructure (such as river transportation) by setting environmental targets in exchange for differentiated financing conditions (such as funding, requirements and partners).

Status: Planning in progress (last updated in December 2020)

Enabling investments in basic infrastructure for social development, such as energy, internet, housing and sanitation.

Status: Planning in progress (last updated in December 2020)

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

Status: Planning in progress (last updated in December 2020)

Incorporating climate change impacts in credit and long-term investment policies and ensuring transparency in our reports.

Status: Planning in progress (last updated in December 2020)

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

Status: Planning in progress (last updated in December 2020)

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

Status: Planning in progress (last updated in December 2020)

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

Status: Planning in progress (last updated in December 2020)

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

Status: Planning in progress (last updated in December 2020)

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 who are deeply knowledgeable of Brazil’s challenges in the environment arena and more specifically in the Amazon region.

The professionals on 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.

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 Environmental and social risk assessments since 2000. In 2004, we were the first Latin American institution to sign the Equator principles. Rather than sustainability being a concern only to banks and investors, however, this is everyone’s concern.

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

Floresta

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

Itaú - Amazônia Conferência

Amazon Conference

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

Watch the conference videos

(*) Only in Portuguese