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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:

Aimed at reducing deforestation associated with the meat processing industry, strengthening internal diligence actions, supporting transition, and coordinating companies and associations to draw up a sector-wide commitment.

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

Encouraging sustainable cultivation across the region through unique financing lines and financial and non-financial tools.

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

Fostering projects aimed at economic development and preservation through green-backed financial instruments and assets.

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

Investing in basic infrastructure for the social development of the region.

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

Fostering economic development and preservation projects through green-backed financial instruments and assets, such as payment for environmental services (PES) and carbon credit.

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

Incorporating the impacts of climate change on long-term credit and investment policies, and enhancing the transparency of our reports.

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

Expanding the scope of businesses that promote financial inclusion and orientation in the region

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

Coordinating and supporting the implementation of a computerized system to record land regularization and mapping state and local legislative projects and advocacy activities with the government.

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

Coordinating the setup of a fund for local actors and leaders working with socioeconomic development projects in the region

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

Attracting investments to promote partnerships and the development of technologies to foster a bio economy.

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

Itaú Amazônia Conference

The Itaú Amazônia Conference brought together specialists in the region and renowned national and international fund managers. The online event fostered the debate on essential issues for the development of the region and topics related to investments, in addition to raising funds for forest restoration projects and local income generation.

Download the Conference Report

(*) Only in Portuguese

Latest related news

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Bradesco, Itaú and Santander sign up to the Brazil Climate Coalition

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Environmental degradation leads to reduction in the investment flow into Brazil

At the 1st Itaú Amazon Conference held in December 2020, Candido Bracher (CEO) has stated that, in addition to the obvious environmental damage, environmental degradation also causes other losses, such as a reduction in the investment flow into Brazil and even the suspension of some credit lines.
conselho

Bradesco, Itaú and Santander formalize an advisory board for the Amazon region

Bradesco, Itaú Unibanco and Santander formalized this Wednesday the creation of the Amazon Consultative Council, with the selection of seven specialists to coordinate the implementation of the measures proposed by the banks to stimulate the sustainable development of the region.
Plano

Bradesco, Itaú Unibanco and Santander launch a joint plan to promote the Amazon’s sustainable development

The proposal prepared by the banks includes 10 measures that have now entered into a detailed phase for implementation in 2020.