Banco do Brasil Sustainable Finance Project (NDB-bancodobrasilsustaina)

Countries
  • Brazil
Geographic location where the impacts of the investment may be experienced.
Specific Location
UNINFORMED
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • New Development Bank (NDB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Oct 28, 2021
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Banco do Brasil S.A.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
  • Climate and Environment
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 300.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ NDB website

Updated in EWS Jan 18, 2022

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

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.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

UNINFORMED

How it works

How it works