Economy

Itaú announces a BRL 400 billion commitment to promoting ESG initiatives

The amount will be used by 2025 to promote initiatives on three main fronts, including ESG products for the retail industry and ESG-linked transactions

App from the Brazilian bank Itau
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Banco Itaú announced a BRL 400 billion commitment to promoting ESG initiatives by 2025, aiming to contribute to a sustainable economy, as part of its ESG (environmental, social and governance) practices.

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According to a statement to the Brazilian Securities and Exchange Commission, the amount covers three main fronts: granting credit in sectors with a positive impact, such as energy services, education, health and infrastructure; structuring ESG-linked transactions for the bank’s customers, such as ESG Bonds, ESG Loans and green bonds; and retail-oriented ESG products, such as electric car financing, solar panels, microcredit and others.

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