Mitigation of Climate Change and Environmental Sustainability:
The Role of Development Banks in both dimensions
Bogotá - N...
AGENDA
1. Introduction
2. BNDES Environmental Policy
3. Sectorial Environmental Policy
4. Sectorial Guides
Drafting of
environmental policies
and provision of
technical support during
all phases of project
analysis;
Innovation an...
AGENDA
1. Introduction
2. BNDES Environmental Policy
3. Sectorial Environmental Policy
4. Sectorial Guides
• Reputation Risk: Environmental damage generated by funded projects can generate negative
impacts on the image of the ins...
BNDES Environmental Policy: Structure
BNDES has a corporate environmental policy, with principles, guidelines and tools
ap...
To promote the competitive and sustainable development of
the Brazilian Economy, creating employment and reducing
social a...
SCREENING ANALYSIS
APPROVAL AND
CONTRACTING
Information from the proponent
• Localization;
• Project main features
• Envir...
SCREENING ANALYSIS
APPROVAL AND
CONTRACTING
• Environmental Licences
• Opportunities for environmental investments
• Socia...
SCREENING ANALYSIS
APPROVAL AND
CONTRACTING
DISBURSEMENT
AND MONITORING
• Environmental Licences
Installation License is r...
SCREENING ANALYSIS
APPROVAL AND
CONTRACTING
• Monitoring environmental licences
Operating License is required within 180 d...
AGENDA
1. Introduction
2. BNDES Environmental Policy
3. Sectorial Environmental Policy
4. Sectorial Guides
Normative Resolutions:
• Present criteria for financial support
• They are designed from the joint work of the Operational...
AGENDA
1. Introduction
2. BNDES Environmental Policy
3. Sectorial Environmental Policy
4. Sectorial Guides
 The Guides have tutorial nature and purpose of providing technical
support for the socio-environmental analysis of proje...
Thank You!
Claudia Nessi Zonenschain
nessi@bndes.gov.br
www.bndes.gov.br
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3 claudia nessi seminario bogota 19.11.2010 claudia nessi resumido

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Sesión I-b: Sistemas de gestión ambiental y social en el sector financiero: Discusión / Presentación Claudia Nessi, BNDES

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3 claudia nessi seminario bogota 19.11.2010 claudia nessi resumido

  1. 1. Mitigation of Climate Change and Environmental Sustainability: The Role of Development Banks in both dimensions Bogotá - November 2010 Section I-b – Systems of environmental and social management in the financial sector: Discussion
  2. 2. AGENDA 1. Introduction 2. BNDES Environmental Policy 3. Sectorial Environmental Policy 4. Sectorial Guides
  3. 3. Drafting of environmental policies and provision of technical support during all phases of project analysis; Innovation and Native Forests non-refundable financing Development and execution of financial instruments and strategies to encourage sustainable environmental initiatives Verification of adherence to environmental legislation and analysis of the legal aspects of the divisions’ operations Management of the Amazon Fund DEPUTY MANAGEMENT Advisors Advisors Department of Environmental Policies and Studies DEMAM Green Financing Department DEOPE Amazon Fund Department DEFAM Legal Department JUAMA Structure of the Environmental Division
  4. 4. AGENDA 1. Introduction 2. BNDES Environmental Policy 3. Sectorial Environmental Policy 4. Sectorial Guides
  5. 5. • Reputation Risk: Environmental damage generated by funded projects can generate negative impacts on the image of the institution; • Legal Risk: Financial institutions can objectively be held liable for environmental damage recovery funds; • Credit Risk: Environmental damage can lead to financial liability for the beneficiary, changing their payment ability and market value; The socio-environmental analysis is essential for financial institutions and in particular for BNDES Credit financial institutions perform socio-environmental analysis of projects. This analysis is associated, in general, to the goal of identifying and mitigating risks. • Opportunity: Brazil has unparalleled access to natural resources, which will be gradually more scarce and valuable. Therefore, the preservation of ecosystems has strategic importance for the country; • Threat: requirements meet the standards of sustainability by transnational markets but may affect access and competitiveness of Brazilian products abroad; For BNDES, there is a relationship with its role of promoting sustainable and competitive development of the Brazilian economy.
  6. 6. BNDES Environmental Policy: Structure BNDES has a corporate environmental policy, with principles, guidelines and tools applicable to all activities of the institution. There are also sector policies, establishing criteria and guidelines, in accordance with the specifications of a given sector. BNDES ENVIRONMENTAL POLICY Sectorial Environmental Policy Sectorial Guides Applicable to all BNDES activities Establishes criteria to ensure that the project / company has adequate level of sustainability Provides technical support to the institution, assisting the compliance with industry regulatory and guiding the promotion of best practices.
  7. 7. To promote the competitive and sustainable development of the Brazilian Economy, creating employment and reducing social and regional inequalities BNDES mission
  8. 8. SCREENING ANALYSIS APPROVAL AND CONTRACTING Information from the proponent • Localization; • Project main features • Environmental vision, policies and management • Environmental licencing • Environmental liabilities Other issues observed: • Slave labour • Environment Convictions • IBAMA´s notes DISBURSEMENTS AND MONITORING BNDES Environmental Procedures Environmental screening of projects: A – high impact B – medium impact C – low impact Social-Environmental Recomendations
  9. 9. SCREENING ANALYSIS APPROVAL AND CONTRACTING • Environmental Licences • Opportunities for environmental investments • Social and Environmental Guidelines • Selected information from proponents DISBURSEMENTS AND MONITORING BNDES Environmental Procedures Previous License: Granted during the preliminary planning of the project or activity. This license approves the location and design of the project, certifies the environmental viability and establishes the basic requirements and conditions to be met in the subsequent phases of implementation Licensing Competency • Federal: When the project or activity is performed on two or more states or when the environmental impacts exceed the limit of the Country; • State: When the project or activity is performed on two or more municipalities or conservation areas with the state´s domain; • Hall: When the project or activity generates local environmental impact and / or licensing when it is delegated by the state for legal instrument or agreement. Source: CONAMA Resolution 237/97
  10. 10. SCREENING ANALYSIS APPROVAL AND CONTRACTING DISBURSEMENT AND MONITORING • Environmental Licences Installation License is required for contracting the operation • Social and environmental contract clauses BNDES Environmental Procedures Installation License: authorizes the installation of the project or activity in accordance with the specifications of the plans, programs and projects approved, including environmental control measures and other conditions;
  11. 11. SCREENING ANALYSIS APPROVAL AND CONTRACTING • Monitoring environmental licences Operating License is required within 180 days after the last disbursement of the project. • Monitoring environmental performance DISBURSEMENTS AND MONITORING BNDES Environmental Procedures Operating License: authorizes the activity or project operation, after verification of actual compliance with the previous licenses, the environmental control measures and the conditions specified for the operation.
  12. 12. AGENDA 1. Introduction 2. BNDES Environmental Policy 3. Sectorial Environmental Policy 4. Sectorial Guides
  13. 13. Normative Resolutions: • Present criteria for financial support • They are designed from the joint work of the Operational Areas, the Planning Area and the Environment Area • Examples: Cattle Supply Chain Traceability Thermal Coal, Oil and Natural Gas Emission Limits , Accepted Combustion Systems , Solutions for the final disposal of ash from burning coal and from waste of desulphurizer; Restrictions to the use of water , Compensation plan for GHG emissions Sugar and Alcohol Agroecological Zoning (ZAE) of Cane Sugar (2009) Sectorial Environmental Policy
  14. 14. AGENDA 1. Introduction 2. BNDES Environmental Policy 3. Sectorial Environmental Policy 4. Sectorial Guides
  15. 15.  The Guides have tutorial nature and purpose of providing technical support for the socio-environmental analysis of projects, companies and sectors: • Assist compliance with the applicable standards; • Guide the promotion of better social and environmental standards; • 26 Guides covering the whole economy; • Mapping out socioenvironmental best practices. Sectorial Guides
  16. 16. Thank You! Claudia Nessi Zonenschain nessi@bndes.gov.br www.bndes.gov.br

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