Summary
The article discusses how Banco do Brasil, led by Tarciana Medeiros, is working to support sustainable economic development in the Amazon region. The bank has partnered with local governments and businesses to promote bioeconomy projects and reduce deforestation. Banco do Brasil is also focusing on renewable energy and carbon credits to help preserve the environment.
Key Facts
- Banco do Brasil is Brazil's largest financial institution and plays a role in the Amazon's economy.
- The bank supports sustainable farming of crops like cocoa, açaí, and pepper to help local communities.
- An agreement was made with the state of Pará to allocate over $90 million for bioeconomy and innovation.
- A separate $9 million agreement with Natura aims to restore 30 acres of forest using agroforestry systems.
- Banco do Brasil aims to conserve or reforest 5 million acres by 2027.
- The bank operates 23 solar plants, powering all its operations with solar energy.
- Banco do Brasil's ESG credit portfolio has reached $75 billion, with over $3 billion dedicated to renewable energy.
- The bank is developing tools to participate in Brazil's carbon market, using technology to create carbon credits.
