In Sustainability-Focused Operation, BTG Pactual Grants Green Credit to Usina Lins

Written by Roberta Souza

Published on 10/07/2022 at 17:16

Fonte: Pixabay

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The BTG Initiative with the Company Relates to a Rural Product Bond, Reinforcing the Bank’s Support for Sustainability Practices

Usina Lins, a national company dedicated to the production of sugar and ethanol, received, this week, green credit from BTG Pactual, the largest investment bank in Latin America. With this, the bank is leveraging its strategy to act more actively in structuring sustainability-related finance instruments in its own credit portfolio.

The bilateral financing was made through a green loan, utilizing resources linked to environmental benefits, which adds to other transactions with similar engagement with the bank’s clients.

The first initiative of BTG in this regard was an operation linked to sustainability agreed upon last year with Olfar Alimento and Energia, whose goals are tied to the Sustainable Development Goals.

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Patrícia Genelhu Advocates BTG Pactual’s Commitment to the Sustainable Investment Industry in the Country

According to Patrícia Genelhu, head of Sustainable and Impact Investments at BTG Pactual, the operation with Usina Lins is an important achievement for the bank, as it encourages the engagement of its clients and associates the use of resources with environmental benefits, reiterating BTG Pactual’s commitment to continue developing the sustainable investment industry in Brazil.

Patrícia adds that through financial instruments, it is possible to stimulate sustainability in companies, thus contributing to the maturation of this market.

In addition, it is noteworthy that BTG has a strong history of support for agribusiness, with structured credit operations and financing for its main chains. Currently, this sector accounts for about 20% of the credit portfolio, with good growth prospects.

As Genelhu explains, the bank has solid relationships with some of the main companies in the sector, being, in addition to a strategic partner, a supporter in various ways to facilitate the adoption of ESG practices, which further enhance the businesses.

BTG holds, in this structuring, the support of the consultancy Resultante to provide independent advice for obtaining the green label and validating environmental benefits.

Since the year 2020, when the Sustainable and Impact Investments area of BTG was inaugurated, the bank has been conducting multiple sustainable funding efforts, having closed the first quarter of 2022 with R$ 6.9 billion in lines of this type.

Among such lines, it is worth mentioning a green private placement; a climate financing with the German Investment and Development Corporation (DEG) and Proparco, a subsidiary of the French Development Agency (AFD); a green bond; among others.

In this context, BTG’s credit portfolio eligible for sustainable finance already totals R$ 10.2 billion.

Usina Lins Also Seeks to Implement Sustainability Practices

Usina Lins, in turn, also considers sustainability as one of its values and, through the practice of economic, social, and environmental balance, constantly seeks to put them into practice.

From this perspective, Usina Lins’ Social and Environmental Responsibility involves factors such as responsible land use, the reuse of waste from the production process, the preservation of existing natural resources, and support for initiatives that assist in the development of people and society. Its actions are thus in harmony with the UN’s Sustainable Development Goals (SDGs), aiming at the protection of the environment and climate.

In 2007, the company joined the São Paulo Agro-Environmental Protocol and received the More Green Ethanol certificate to affirm its commitment to environmental preservation. The obtained certificate attests to the development of actions to stimulate the sustainability of the production chain of ethanol, sugar, and bioenergy, such as soil and water conservation, the elimination of fire use in sugarcane harvesting, good production practices, and the recycling of cane processing waste.

Moreover, in 2019, the company also received the Green Energy Seal and, in 2020, was certified under the RENOVABIO program.

In Sustainability-Focused Operation, BTG Pactual Grants Green Credit to Usina Lins

The BTG Initiative with the Company Relates to a Rural Product Bond, Reinforcing the Bank’s Support for Sustainability Practices

Patrícia Genelhu Advocates BTG Pactual’s Commitment to the Sustainable Investment Industry in the Country

Usina Lins Also Seeks to Implement Sustainability Practices

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In Sustainability-Focused Operation, BTG Pactual Grants Green Credit to Usina Lins

The BTG Initiative with the Company Relates to a Rural Product Bond, Reinforcing the Bank’s Support for Sustainability Practices

Patrícia Genelhu Advocates BTG Pactual’s Commitment to the Sustainable Investment Industry in the Country

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