Climate and development : the BNDES’s contribution to a just transition
Year: 2022
Content-Type: Report
Description: The socioenvironmental and climate agenda has been an integral part of the BNDES’s operations for some decades. In addition to being one of the main renewable energy financiers in the world and one of the main supporters of the forest agenda in the country, the Bank has 41% of its portfolio (data from September 2022) dedicated to the green economy. It is also a forerunner in innovative climate action, such as the management of the Climate Fund, as well as in green fundraising. More recently, the BNDES has intensified the incorporation of environmental, social and climate aspects in its governance and strategy. In addition to adjustments in its purpose, mission and vision, in order to better reflect the relevance given to sustainable development in the institutional strategy, the organizational and committee structures also underwent adjustments. Sustainability policies have been revised to reinforce the commitment to the United Nations’s Sustainable Development Goals (SDG) and the Brazilian nationally determined contribution (NDC), and the transparency actions and performance initiatives strengthened.
Pages: 47 pages
Author: Banco Nacional de Desenvolvimento Econômico e Social
Categories: Biodiversity Protection, Climate / Resilience, Developing countries, Finance, Infrastructures, NDBs, Public banks, Publications, Sustainability
Tags: Climate Mitigation, Development, Infraestructure, NDBs, Sustainable development