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

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 3 claudia nessi seminario bogota 19.11.2010 claudia nessi resumido Presentation Transcript

  • Mitigation of Climate Change and Environmental Sustainability: The Role of Development Banks in both dimensions
    Section I-b – Systems of environmental and social management in the financial sector: Discussion
    Bogotá - November 2010
  • AGENDA
    Introduction
    BNDES Environmental Policy
    Sectorial Environmental Policy
    Sectorial Guides
  • Structure of the Environmental Division
    DEPUTY
    MANAGEMENT
    Advisors
    Advisors
    Department of
    Environmental
    Policies and Studies
    DEMAM
    Amazon Fund
    Department
    DEFAM
    Legal
    Department
    JUAMA
    Green Financing
    Department
    DEOPE
    Development and execution of financial instruments and strategies to encourage sustainable environmental initiatives
    Drafting of environmental policies and provision of technical support during all phases of project analysis;
    Innovation and Native Forests non-refundable financing
    Management of
    the Amazon Fund
    Verification of adherence to environmental legislation and analysis of the legal aspects of the divisions’ operations
  • AGENDA
    Introduction
    BNDES Environmental Policy
    Sectorial Environmental Policy
    Sectorial Guides
  • 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.
    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;
    For BNDES, there is a relationship with its role of promoting sustainable and competitive development of the Brazilian economy.
    • 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;
  • 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: Structure
    BNDES ENVIRONMENTAL POLICY
    Applicable to all BNDES activities
    Sectorial Environmental
    Policy
    Sectorial Guides
    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.
  • BNDES mission
    To promote the competitive and sustainable development of the Brazilian Economy, creating employment and reducing social and regional inequalities
  • BNDES Environmental Procedures
    DISBURSEMENTS AND MONITORING
    APPROVAL AND CONTRACTING
    SCREENING
    ANALYSIS
    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
    Environmental screening
    of projects:
    A – high impact
    B – medium impact
    C – low impact
    Social-Environmental Recomendations
  • BNDES Environmental Procedures
    DISBURSEMENTS AND MONITORING
    APPROVAL AND CONTRACTING
    SCREENING
    ANALYSIS
    • Environmental Licences
    • Opportunities for environmental investments
    • Social and Environmental Guidelines
    • Selected information from proponents
    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
    LicensingCompetency
    • 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
  • BNDES Environmental Procedures
    DISBURSEMENT AND MONITORING
    APPROVAL AND CONTRACTING
    SCREENING
    ANALYSIS
    • Environmental Licences
    Installation License is required for contracting the operation
    • Social andenvironmentalcontractclauses
    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;
  • BNDES Environmental Procedures
    DISBURSEMENTS AND MONITORING
    APPROVAL AND CONTRACTING
    SCREENING
    ANALYSIS
    • Monitoringenvironmentallicences
    Operating License is required within 180 days after the last disbursement of the project.
    • Monitoringenvironmental performance
    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.
  • AGENDA
    Introduction
    BNDES Environmental Policy
    Sectorial Environmental Policy
    Sectorial Guides
  • Sectorial Environmental Policy
    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)
  • AGENDA
    Introduction
    BNDES Environmental Policy
    Sectorial Environmental Policy
    Sectorial Guides
  • Sectorial Guides
    • 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.
  • Thank You!
    Claudia Nessi Zonenschain
    nessi@bndes.gov.br
    www.bndes.gov.br
  • BNDES Environmental Policy
    Principles
    • The preservation, conservation and restoration of the environment are essential for sustainable development of the planet;
    • Compliance with ethical and environmental principles in the granting of credit is a commitment to present and future generations;
    • The recognition that investments in environmental performance of productive activities and infrastructure are inducers of economic and social development;
    • The provision of adequate resources for environmental quality promotion and environmentally sustainable activities.
    .
    Important Iniciatives
    • The Operational Policy is being revised to reflect the social dimension of projects
    • BNDES participation in other Financial CreditInstitutionsinitiatives:
    • The United NationsEnvironmentProgram (UNEP - FI) FinanceInitiative
    • EquatorPrinciples
    • Aninitiativecoordinatedbythe IFC, with 60 banksaroundthe world
    • Green Protocol. A new versionwassigned in 2008 by BNDES,CEF, BB, BNB and BASA.
  • Sectorial Environmental Policy
    Normative Resolutions:
    Present criteria for support and performance guidelines;
    They are designed from the joint work of the Operational Areas, the Planning Area and the Environment Area.
    Examples:
    Cattle Supply Chain
    1. Socio regularity of direct suppliers
    2. Plans for environmental development of cold storage plant
    3. Traceabilitysystem Implementation
    4. Support for social and environmental regularity throughout the supply chain
    5. Independent audit to ascertain compliance with environmental and social guidelines
    Thermal Coal, Oil and Natural Gas
    1. Emissionlimits for airpollutants
    2. Accepted Combustion Systems (Coal Thermal Power Plant)
    3. The project should also provide:
    Solutions for the final disposal of ash from burning coal and from waste of desulphurizer;
    Specific study to evaluate restrictions to the use of water from thermoelectric plants to ensure adequate water supply for the population;
    Compensation plan for GHG emissions, designed from relevant legislation.
    Sugar and Alcohol
    1. Agroecological Zoning (ZAE) of Cane Sugar (2009)
    2. National Monetary Council (CMN) and / Brazilian Central Bank (Bacen) Resolutions (2009)
    3. Directions for BNDES Support
    - Agricultural Sector: statement that the planting, renewal and funding of culture occur entirely in permitted areas and updated register of owned and leased properties;
    - Agro-industrial Sector: statement that the planting, renewal and funding of culture occur entirely in permitted areas and updated register of owned and leased properties and suppliers.