Industry Sector: Financials
NEWSWEEK Green Score: 82.2%
Environmental Impact: 88.1%
Environmental Management: 82.0%
Transparency & Disclosure: 56.3%
The Bank has a Carbon Credit Management area, which offers funding to companies that want to launch projects to reduce their greenhouse-gas emissions. However, the program is so advanced for Brazil that it is not heavily utilized. The bank advocates eco-efficiency (42), which strives to “create more value with less environmental impact.” The Eco-efficiency Working Group established a Master Plan in 2010 that lays out plans for the next five years. That same year, the company recycled more than 1.9 million tons of paper and saved on 15 million payment slips because of the Authorized Direct Debit system. The company also has issued more than 200,000 recycled PET cards since 2008; the cards are made from used plastic bottles in order to reduce plastic production.