Original disclosure @ NDB website
Updated in EWS Jan 18, 2022
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PROJECT CONTEXT
NDB and Banco do Brasil are co-designing a Sustainable Finance Framework (Framework) to provide financing for climate mitigation and adaptation sub-projects (Sub-projects), strengthening Brazil's climate resilience and fostering the sustainable development of its logistics infrastructure within the agribusiness value chain.
PROJECT OBJECTIVE
The Project can contribute to achieving the goals set in Brazil's Nationally Determined Contributions (NDCs) by supporting resource-efficient technologies in infrastructure projects, strengthening Brazil's climate resilience efforts and fostering the sustainable development of its logistics infrastructure within the agribusiness value chain.The Project is expected to be aligned with the following United Nations Sustainable Development Goals (SDGs): (i) SDG 2 on Food Security and Sustainable Agriculture, (ii) SDG 6: Clean Water and Sanitation; (iii) SDG 7: Affordable and Clean Energy; and (iv) SDG 13: Climate Action. Primary SDG alignment will be defined during the Project appraisal, once the Framework has been finalized.
PROJECT DESCRIPTION
The Sub-projects financed under this Project will be distributed among the following components: (i) Storage facilities: expansion, modernization, revamping, and construction of new storage facilities (grain silos, cold-storage facilities) for agricultural products; (ii) Irrigation systems: development, expansion, and modernization of irrigation structures to sustain Brazil's climate resilience, including a shift towards higher yield-crops; and (iii) Renewable energy.Joint NDB and Banco do Brasil Sustainable Finance Framework:The selected Sub-projects will adhere to the eligibility criteria co-designed by NDB and Banco do Brasil during the Project appraisal stage.
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