Criteria and environmental indicators used by development banks for project evaluation / Critérios e indicadores ambientais utilizados por bancos de desenvolvimento para avaliação de projetos

AUTOR(ES)
DATA DE PUBLICAÇÃO

2006

RESUMO

The Brazilian financial sector has made considerable advances in the incorporation of environmental issues, seeking to integrate the exercise of its social role into business practices. Owing to this responsibility, the banks need to evaluate economic issues alongside each companys environmental performance, benefiting those with better performance in order to safeguard the Institutions commercial and financial image. In this manner, the objective of this study was to carry out a comparative analysis of the performance of Brazilian development banks concerning their contribution to sustainable development, using criteria and indicators within environmental policies that support the evaluation of projects applying for funding. In the analysis, the main environmental policies of Brazilian and foreign financial institutions; the definitions and classifications of criteria/indicators used for such policies; the operational performance of banks in financing volume (value); and the most used environmental policies in Brazil and in the world were compared with the policies currently in use by the studied banks. The used methodologies were divided in two parts; in the first, it was sought a contextualization of the use of criteria and environmental indicators; in the second, the sample was defined and compared after data collection. For work development, a comparative analytic research was accomplished, describing qualitatively and quantitatively the environmental policies of the development banks comprising the sample (BANDES, BDRE, BNDES and BDMG). The results led to the conclusion that amid the several environmental policy models emerging in Brazil and in the world, the use of criteria and environmental indicators has gone beyond the requirement of the legislation, but aiming at stimulating the use of less harmful socio-environmental practices to funding applicants; the policies of the Ecuador Principles and JBI Environmental Guidelines demonstrated higher performance in the project selection process compared to the others; there has been great increase in financing volume (value) for companies (increasing bank coresponsibility); and of the four studied banks, two had better performance than the others, however, there is still deficiency in the use of criteria to add value to the project selection process of the four banks. After these propositions, it is suggested the adoption of some criteria not being used by any of the studied banks. This study can contribute to project evaluation by financial banks, benefiting or including those with greater sustainability characteristics and that cause less damage to the environment, besides improving the financial bank image.

ASSUNTO(S)

manejo florestal environmental criteria projetos ambientais environmental projects risco ambiental environmental risk critérios ambientais

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