BNDES Credit Program: Companies Will Have Reduced Financing Interest Rates If They Meet Emission Reduction Targets or Increase Their Social Initiatives

Written by Fabio Lucas Carvalho

Published on 13/08/2021 at 09:17

Rio de Janeiro – Edifício sede do BNDES, Banco Nacional de Desenvolvimento Econômico e Social, no Centro do Rio. (Fernando Frazão/Agência Brasil)

Be the first to react!

BNDES Credit Will Charge Interest Rates for Companies That Meet Environmental or Social Targets

The company that is attentive to its environmental, social and governance performance, known internationally as ESG, will have a direct impact on its finances. The National Bank for Economic and Social Development (BNDES), is offering better financing conditions for those that adopt and meet social or environmental targets.

This is the BNDES Credit ESG program, which will allocate financing for any purpose to companies that manage to improve their sustainability index or engage in social actions. The financing will have lower interest rates.

How BNDES Credit Works

Initially, BNDES Credit ESG will be aimed at five categories: the wood chain focused on reforestation, manufacturers of equipment for the renewable energy and energy efficiency sector, mining, and steelmaking. The reason is that these sectors have many areas to improve in terms of sustainability. The fifth sector includes small internet service providers, having a greater social impact than environmental.

ARTICLE CONTINUES BELOW

See also

BNDES Credit Will Charge Interest Rates for Companies That Meet Environmental or Social Targets — Rio de Janeiro – Headquarters of BNDES, National Bank for Economic and Social Development, in downtown Rio. (Fernando Frazão/Agência Brasil)

BNDES expects that with positive results from the project, in the future it will be possible to increase the number of sectors benefiting from the program: “This is a program that expresses BNDES’s desire to contribute to companies that want to accelerate their social and environmental commitments, in line with the increasingly concrete desire of society to have a more sustainable Brazil,” highlighted Petrônio Cançado, director of Credit for Infrastructure at the Bank.

The budget for the project is R$ 1 billion. Each category will have R$ 150 million available. Companies interested in the program must apply directly to BNDES. Payment can be made in up to 96 installments, with a grace period of up to 24 months.

BNDES Credit Program: Companies Will Have Reduced Financing Interest Rates If They Meet Emission Reduction Targets or Increase Their Social Initiatives

BNDES Credit Will Charge Interest Rates for Companies That Meet Environmental or Social Targets

How BNDES Credit Works

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

Four times faster than the Concorde, capable of taking passengers from New York to London in less than an hour at Mach 5.5, and with an engine that switches from turbojet to ramjet mid-flight at Mach 3.5, the Hermeus Quarterhorse went from paper to its first flight in just 19 months.

Under nearly 2 kilometers of ice in Antarctica, scientists have discovered an ancient landscape sculpted by rivers up to 60 million years ago, the size of Wales, preserved as a time capsule that could help predict the advance of ice towards the ocean.

She started by collecting oyster shells from restaurants and today she has already accumulated more than 10 tons to restore reefs, recover coastal habitats, and demonstrate how a common waste can become a tool for ocean conservation.

Bricklayers off the scaffolding? New system uses autonomous drones to position bricks and apply adhesive in the air, creating walls with two flying robots working as a team.

Noise in the sky frightened residents: NASA confirms that a meteor exploded over New England with a force equivalent to 230 tons of TNT

The paycheck that seemed impossible: São José employee receives R$ 7.94 after legal strike, while deductions by the City Hall affect over a thousand employees and become a target of inquiry in the City Council.

With only R$ 50 in his pocket and a dream, the 26-year-old Tocantins native Willian Gomes left Tocantins and has already cycled over 4,000 kilometers towards Ushuaia, at the southern tip of Argentina, without accepting a single ride in eight months.

Has the war with artificial intelligence already begun? The US Army tests armed robots in the Moroccan desert, uses drones with explosives, and showcases a system capable of reducing military decisions from hours to just 3 minutes.

The invisible flaw that protects banks, passwords, and messages may be numbered after a quantum experiment transforms imperfect randomness into numbers impossible to predict.

BNDES Credit Program: Companies Will Have Reduced Financing Interest Rates If They Meet Emission Reduction Targets or Increase Their Social Initiatives

BNDES Credit Will Charge Interest Rates for Companies That Meet Environmental or Social Targets

How BNDES Credit Works

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

Four times faster than the Concorde, capable of taking passengers from New York to London in less than an hour at Mach 5.5, and with an engine that switches from turbojet to ramjet mid-flight at Mach 3.5, the Hermeus Quarterhorse went from paper to its first flight in just 19 months.

Under nearly 2 kilometers of ice in Antarctica, scientists have discovered an ancient landscape sculpted by rivers up to 60 million years ago, the size of Wales, preserved as a time capsule that could help predict the advance of ice towards the ocean.

She started by collecting oyster shells from restaurants and today she has already accumulated more than 10 tons to restore reefs, recover coastal habitats, and demonstrate how a common waste can become a tool for ocean conservation.

Bricklayers off the scaffolding? New system uses autonomous drones to position bricks and apply adhesive in the air, creating walls with two flying robots working as a team.

The labor shortage has changed its face in Brazil: companies hire 80% more, but workers stay only 6.8 months in the job, the service market becomes a “revolving door,” and businesses spend increasingly more to train teams that soon leave.

Chinese giant chooses SC to set up its first factory in Brazil, investing R$ 250 million and producing MRI machines costing R$ 10 million each, with 100 direct jobs and 5% of revenue allocated to research.

After selling a unit for R$ 115 million to pay off debts, a traditional factory in SC founded in 1932 has a new R$ 64.8 million plan denied by the court and retains about 690 workers in Joinville.

Use of slimming pens skyrockets in Brazil, surpasses the global average, and causes unexpected changes in consumption habits, diet, beauty, and the wellness market.

Itaú shuts down service, lays off 350 employees, and creates internal tension after closing an operation created just 10 months ago; employees report pressure for targets, system failures, and extra costs to serve customers.

Noise in the sky frightened residents: NASA confirms that a meteor exploded over New England with a force equivalent to 230 tons of TNT

The paycheck that seemed impossible: São José employee receives R$ 7.94 after legal strike, while deductions by the City Hall affect over a thousand employees and become a target of inquiry in the City Council.

With only R$ 50 in his pocket and a dream, the 26-year-old Tocantins native Willian Gomes left Tocantins and has already cycled over 4,000 kilometers towards Ushuaia, at the southern tip of Argentina, without accepting a single ride in eight months.

Has the war with artificial intelligence already begun? The US Army tests armed robots in the Moroccan desert, uses drones with explosives, and showcases a system capable of reducing military decisions from hours to just 3 minutes.

The invisible flaw that protects banks, passwords, and messages may be numbered after a quantum experiment transforms imperfect randomness into numbers impossible to predict.