BRF Signed an Agreement with Banco do Brasil to Provide Credit Limits for Solar Panel Installations in Paraná and Santa Catarina
BRF, one of the largest food companies in the world, announced the “Vision 2030” plan unveiled last December, which aims to increase the capacity for in-house electricity production from clean or renewable sources by 50% over the next 10 years. To achieve this, the company signed an agreement with Banco do Brasil to provide a credit line of 200 million reais to finance investments in the installation of solar panels at farms in Santa Catarina and Paraná.
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Fábio Stumpf, general director of agriculture, says, “Another important point is that BRF is creating a purchasing pool in the market so that producers have access to cutting-edge technology equipment, extended warranty, and a lower cost than if they were to buy directly from the supplier,” emphasizing that the proposal is to provide financing conditions for the producers, and its cost is higher than the cost usually offered by the market.
The idea is to establish the pilot program at the beginning of 2021, implement it in the first quarter, and then extend these benefits to other integrated producers that supply the company.
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The general director also comments, “The commitment to sustainability is part of BRF’s culture, and Vision 2030 includes a comprehensive agenda for the business, from the purchase of inputs to logistics and the consumption of our products. The Company is ready for this new journey of sustainable growth, thanks to the consistency of its management, strategy, and competitive advantages through its brands, people, digital transformation, and operational excellence in the integrated chain.”

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