We focus on initiatives that generate business opportunities and reduce socio-environmental risks, considering both market trends and stakeholder needs.
In Itaú, through its Sustainability Policy, we commit ourselves to sustainable development and assume the challenge of stimulating social, environmental and economic development, in a balanced, responsible and sustainable way. Aware of this, we have been developing actions and procedures aimed at mitigating the socio-environmental risks of the clients we finance.
In order to give greater depth and scope, during 2018 we perfected the analysis of socio-environmental risk, using our own approach applied to the loan portfolio, both for the Wholesale Banking and for the Retail Banking, incorporating also international standards in social and environmental matters, such as the Equator Principles and the Performance Standards of the International Finance Corporation (IFC)
Principles of the Socio-environmental Risk Policy
1
We include socio-environmental risk assessment criteria as an additional component of
credit risk assessment.
2
We use segment-specific procedures to monitor the socio-environmental risk of
customers who are subject to this policy.
3
We comply with the Ecuador Principles as a management framework for assessing social
and environmental risks and International Finance Corporation (IFC) Performance
Standards for project financing transactions
4
We avoid financing activities that contradict Itaú’s social or environmental values,
especially those that concern people, ethics and customer benefits.
Our Socio-environmental Risk Assessment System is based on 3 pillars
Socio-environmental
questionnaires
Socio-environmental project
assessments
Exclusion and conditional
exclusion lists
We are signatories to the Equator Principles and the Principles for Responsible Investment.
Below are some summary examples of the application of the bank's Socio-Environmental Risk policies and procedures in client financing (available only in Spanish).
For more information, review our Climate Change and Socio-Environmental Policy (available only in Spanish).