Climate Change Data

Laboratório de Inovação Financeira (LAB)

Climate Impact & Sustainability Data (2020)

Reporting Period: 2020

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • The Central Bank of Brazil (BCB) joined the Central Banks and Supervisors Network for Greening the Financial System (NGFS) and launched its new sustainability agenda.
  • Issuance of Federal Decree No. 10,387/2020 extended the list of sustainable infrastructure projects eligible for issuing incentivised debentures.

Social Achievements

  • Not disclosed

Governance Achievements

  • The Laboratório de Inovação Financeira (LAB) became the first South American member of the International Network of Financial Centres for Sustainability (FC4S).

Climate Goals & Targets

Long-term Goals:
  • Develop a holistic sustainable finance strategy for Brazil
Medium-term Goals:
  • Develop a position on an economy-wide E&S taxonomy
  • Refine and expand ESG reporting for financial and non-financial companies
  • Improve transparency and guidance on E&S supervision
  • Create a level playing field for E&S management across the financial industry
  • Foster sustainable agriculture investments
Short-term Goals:
  • Provide aggregated and publicly accessible E&S data
  • Foster a sustainable infrastructure pipeline
  • Refine and expand official sustainability labels for funds
  • Establish a strong Brazilian presence in sustainable finance fora

Environmental Challenges

  • Lack of a holistic sustainable finance strategy in Brazil.
  • Data deficiencies and inconsistencies.
  • Insufficiently precise regulations.
  • Limited coverage of regulations across the financial sector.
  • Lack of a robust sustainable infrastructure project pipeline.
  • Insufficient funding for sustainable agriculture projects.
  • Lack of a common standard for sustainable labels for financial products.
Mitigation Strategies
  • Nine policy recommendations are proposed to address these challenges (see report for details).

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: GRI, TCFD

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed