In order to safeguard the interests of all stakeholders, Banco do Brasil maintains an exceptionally comprehensive corporate governance framework that ensures strict adherence to international best practices. The bank is widely recognised as a forerunner in setting up a sustainable business model – incorporating all applicable ESG (environmental, social and governance) criteria. The bank places a premium on transparency, accountability and the careful balancing of the rights of all stakeholders.
In order to ensure full compliance with the bank’s Code of Corporate Governance and Code of Ethics, a vast array of monitoring tools and processes have been designed and deployed that track and analyse all operations. Already since 2012, Banco do Brasil has been included in the Dow Jones Sustainability Index (DJSI). At home, the bank is listed on the BM&FBOVESPA Novo Mercado – a segment reserved for companies that meet strict governance criteria – and is included in both Corporate Sustainability Index (ISE) and the Carbon Efficient Index (ICO2).
Banco do Brasil was an early adopter of management techniques and styles that emphasise the company’s social and environmental responsibilities. These considerations have been an integral part of the bank’s decision making processes since 2003.
The CFI.co judging panel is particularly pleased to note that Banco do Brasil’s embrace of ESG criteria permeates through the entire organisation and, indeed, sits at the very core of the corporation. The judges are happy to confer the 2016 Best ESG Management Team Brazil Award on Banco do Brasil.