 Environmental Policy
 Principles
BNDES regards the preservation, conservation and restoration of the environment as essential conditions to mankind.
The Bank assumes to be of fundamental importance complying with the ethical and environmental principles in the credit granting process, in view of the commitment to present and future generations.
BNDES realizes that investments in the environmental performance of productive and infrastructure activities are boosters of economic and social development. And it assumes the commitment to make available adequate resources for the promotion of environmental quality and environmentally sustainable
activities.
Guidelines
In the accomplishment of its environmental policy, BNDES, coherent with its pioneering in dealing with environmental matters, realizes that the financial support to programs and projects should conciliate its Operating Policies to be in conformity with the environmental law in force.
Always operating positively and taking into consideration not only legal formalities, the Bank has a target of preserving the quality of life, the environment and the ecological balance.
The guidelines described below direct BNDES performance in the ambit of its policy towards the
environment:
Promotion of ecoefficiency, by stimulating the use of cleaner technologies, the increase in energetic efficiency, the use of renewable resources, the prevention and control of pollution, the reduction of rejects, the restoration of natural resources, the recycling of materials and the operations with objectives purely environmental that may also contribute to improve the urban
organization;
Development and permanent improvement of instruments to evaluate the credit environmental risk and the environmental analysis of projects, considering the concept of environmentally sustainable
development;
Performance in preventive actions to environmental damages, supporting and stimulating projects and programs that define environmental
liabilities;
Stimulus to the implementation of products and processes environmentally more adequate and to the adoption of environmental management systems throughout the productive chain, including large enterprises and their
suppliers;
Promotion to the continuous development an environmental conscience in BNDES resulting in individual and collective attitudes environmentally
responsible;
Strengthening of the set of information on the energetic and environmental profile of the economic sectors and the evolution of technological routes, with special attention to innovations in progress and in perspective;
Expansion of knowledge in general and environmental aspects relevant to the sectors supported by BNDES, through the organization of events, training and qualification programs for the technical staff, as well as the contracting of
studies;
Consider the Ecological-Economic Zoning in the procedures related to BNDES financing of
projects;
Support farming and cattle raising projects and silviculture projects related to the opening of new areas only when congruent with the Ecological-Economic Zoning.
BNDES Environmental Policy Instruments
Among the instruments of the National Policy of Environment (Law 6938/81), "(...) incentives to the production and installation of equipment and to creation of technology absorption, directed to improve the environmental qualify (...)" are those directly connected to BNDES performance. Other instruments of the Policy apply indirectly to the Bank's work, such as the environmental licensing process, impact evaluation, environmental quality standards, ecological zoning and the national information system on the environment.
The instruments that BNDES uses to implement and pursue the objectives of its Environmental Policy are:
financial support lines;
mechanisms to disclose BNDES environmental performance;
internal procedures of environmental analysis of projects and risk
evaluation;
the organizational unit in charge of Environment and the Environment Work Team; and
internal actions pursuing the commitment of BNDES staff, in addition to being an example to other financial institutions and governmental agencies.
Financial
support lines
BNDES operation is performed by means of lines, programs and funds. Among the financeable projects and endeavors are the implementation, expansion, restoration and modernization of productive units, technological innovation and development, provision of services, investments in infrastructure and social investments.
Explicit or not, the potential environmental benefits coming from these projects and endeavors integrate the support that BNDES offers to improve the environmental performance of borrowers and environmental quality in general.
The environmental performance of BNDES, as the main long-term financing agent for Brazilian enterprises, allows combining the use of economic instruments with those connected to public power intervention, as the ultimate purpose to induce investments in environmentally sustainable activities.
Recognizing the importance of the environmental matter and the role to be performed by a development bank, BNDES Operating Policies assign a high level of priority to environmental operations, through specific conditions and rules under the Environmental
Line.
Environment Lines
According to Operating Policies, those operations classified as environmental will be entitled to special conditions. For this purpose, BNDES offers three modalities of financial support: the
Support to Environmental
Investments;
Support to Energy Efficiency -
PROESCO; and Support to Carajás Reforestation -
REFLORESTA. It is worth emphasizing that there are opportunities for environmental investments in all economic activity sectors and the definition of the project environmental merit shall take place during the operating process.
Mechanisms
for disclosure of BNDES environmental action
With the purpose of explaining to its clients, financial agents, civil society entities and citizens its commitment with the environment and with sustainable development, BNDES usually uses a disclosure through its Internet site, the press, annual reports, institutional publicity and other means, in accordance with the policy defined by its communication
area.
Operating
procedures
BNDES financial support is established in its Operating Policies, which define the basic conditions for financial support. In conformity with its Policy and Procedures, the Bank gives special attention to the environmental aspects related to the enterprise or the endeavor.
The phase of analysis considers specific sectorial standards; validity of licenses; and approval of environmental impact evaluations and other studies required by the legal provisions.
Aware of these aspects, the Bank may perform complementary studies and require additional information
and, also:
recommend reformulation of the project;
offer resources to strengthen mitigating measures; and
in extreme cases, refuse to grant financial support in face of the environmental risk.
In case of Direct Operations, the operating procedures follow the flow below:
Eligibility of operations
Preliminary evaluation of the project's environmental aspects (Location, Environmental Impacts, Enterprise's Visions and Procedures, Licensing Status and Environmental Liabilities), based on the information presented by the enterprise in the Environmental Status, included in Annex 6 of the Consulting
Letter;
Classification of the endeavor's Environmental Category. The classification may be assigned in accordance with the sector and type of activity, its location, size and environmental impact attributes related to the
endeavor;
Preparation of eventual "environmental recommendations" for the phases of Analysis and/or Monitoring of the operation.
The Environmental Category established for the endeavor determines distinct procedures in the phases of Analysis and Monitoring of the operation, as table below:
Environmental
Category |
Impact Extent and Risk |
| A |
Activity related to strong environmental impacts risks, or regional reach risks. Licensing requires studies of impacts, preventive measure and mitigating actions. |
| B |
Activity related to local or lighter environmental impacts. Requires specific evaluation and measures. |
| C |
Activity does not initially present environmental risk. |
Analysis of operations
Evaluation of regularity with the environment agency and judicial
pending;
Evaluation of projects' energetic and environmental aspects, based on information obtained:
1. in the Eligibility phase;
2. based on the standard sectorial questionnaire addressed by the enterprises;
3. based on BNDES Environmental Procedure Guides;
Evaluation of matters related to hygiene and work safety;
Request of the project's mitigating and/or compensatory measures.
Approval and Contracting of operations
Checking the projects environmental regularity, subject to the presentation of the Installation License and other environmental authorizations granted by the state environment agencies, or by the Brazilian Institute of Environment and Renewable Resources of Legal Amazonia [IBAMA], taking into consideration the approval by the Environmental Impact Studies and
Evaluations;
Inclusion of possible conditioning factors of environmental nature selected based on requirements of the licenses obtained, or in complement of law requirements, if it is the case.
Monitoring of operations
Evaluation of the project's environmental regularity (The Operation License should be presented 180 days after the last disbursement portion) and the accomplishment of eventual mitigating measures, obligations in terms of behavior adjustment and requirements included in the agreement and in the Previous and Installation
Licenses.
The
Environment Work Team
Aiming at disseminating BNDES knowledge on the environment and strengthening the technical staff commitment with environmental matters, a Work Team was organized under a permanent nature to be the discussion forum for topics related to this subject, with the assignment to formulate and monitor BNDES environmental policy and which participants operate as liaison ties between the several sectors of the Bank and the Environment
area.
Internal
Actions
BNDES commitment with the environment is also expressed in its internal
activities:
Expansion of the knowledge on environment and sustainable development, by means of promoting training events and programs and qualification of its employees is one of BNDES permanent
concerns.
In addition to the "Green Building " project, which aims at providing BNDES head office building with exemplary conditions with respect to aspects such as Air Quality, Energetic Inputs, Hydric Inputs, Environmentally Correct Materials, Work Safety and Occupational Hygiene, Ergonomic Features, Solid Residues / Collection Program and Building Automation, the Bank is permanently considering the adoption of internal measures with the purpose of defining a new environmental responsibility
paradigm.
Amazon
Fund
The Amazon Fund aims to provide incentives for projects that undertake voluntary reductions in emissions of greenhouse gases, resulting from deforestation and forest degradation, being the result of a number of initiatives that aim to prevent and control deforestation in the Amazon biome, including the proposal presented by the Brazilian government during the Conference of the Parties (COP) held in Nairobi, Kenya, in December 2007.
Other
Commitments
In 1994, BNDES had signed the International Statement of Financial Institutions on the Environment and Sustainable Development, and it also became a member of the United Nations Environment Programme – Financial Initiative (UNEP – FI). As a result of its inclusion and due to the constant interchange with UNEP-FI, the Bank is always updated with state-of-art environmental practices and the sustainability of banking operations in the worldwide financial sector.
Furthermore, BNDES is a signatory of the Protocol of Intent for the Socio and Environmental Responsibility, in accordance with the commitments update set forth in the Green Protocol that was signed in 1995.
According to the new Protocol, entered into between the Ministry of Environment, Caixa Econômica Federal, Banco do Brasil, Banco da Amazônia and Banco do Nordeste – BNB on August 1, 2008, the signatories banks undertakes to define forerunner, multiplying and exemplar bank policies and practices in terms of socio and environmental responsibility and in accordance with a development that does not jeopardize the needs of future generations, from the application of the following principles:
1. Finance the sustainable development by means of credit lines and programs that promote the population’s life quality, the sustainable use of natural resources and the environmental protection;
2. Take into account the socio and environmental impacts and costs in the assets management (itself and third-parties) and in the risk analysis of clients and investment projects, based on the National Environment Policy.
3. Promote the sustainable consumption of natural resources and materials derived from them in internal processes.
4. Inform, sensitize and continuously engage the parties interested in the sustainability policies and practices of the institution.
BNDES
financing lines to support environmental projects
Support to environmental
investments
Support to Energy Efficiency -
PROESCO
Support to Carajás Reforestation -
REFLORESTA
|
