The Role of BNDES in fostering sustainable
development
June 2012
BNDES at a Glance
Mission, Vision & Values
Mission
To foster sustainable and competitive development in the Brazilian
economy, generating employment, while reducing social and
regional inequalities.
Vision
To be the development bank of Brazil,
innovative, outstanding, and to proactively tackle the
current and relevant challenges of our society.
Values
Commitment to the country’s development,
ethics, public spirit and excellence.
BNDES development in time
50s
60s
70s
80s
90s
00s
Today
Infrastructure
Heavy Industry – Consumer Goods
Small and Medium-Sized Enterprises
Technologic Development
Imports
Substitution
Energy
Agribusiness
Social Inclusion and Environmental Issues
Exports
Adapting to the varied stages of
Brazil´s development, having the
means – resources and instruments
- to accomplish mandates
Privatization Program
Urban and Social Development
Innovation
Sustainability
Small Business
BNDES as a promoter of sustainable
development
- Financial Resources For Sustainable Development
6
Instruments to suport sustainable
development
No que diz respeito à disponibilizar recursos para investimentos socioambientais,
Linhas, Programas e Fundos são os instrumentos utilizados para a operacionalização
da Política Socioambiental do BNDES.
Atualmente, o BNDES apóia investimentos socioambientais por meio dos seguintes
instrumentos:
Linhas de Financiamento
• Meio Ambiente
• BNDES Florestal
• Energias Renováveis
• Projetos de Transporte Urbano
• Eficiência Energética (Proesco)
PROGRAMAS
• BNDES Compensação Florestal
• ABC e PRONAF
• BNDES Procopa Turismo
• BNDES Proplastico
• BNDES Saúde
• Saneamento Ambiental e Recursos Hídricos
• BNDES Microcrédito
• Projetos Multissetoriais Integrados (PMI)
FUNDOS
• PMAE Ambiental
• BNDES Funtec e FEP
• Investimentos Sociais de Empresas
• BNDES Fundo Social e Cultural
• Fundo Amazônia e Fundo Clima
• FI Empresas Sustentáveis na Amazônia e
Inovação em Meio Ambiente
Instruments to suport sustainable
development
A atuação do BNDES no apoio a investimentos socioambientais ocorre de
forma setorial e transversal e atende a diversos públicos, iniciativa privada,
governo e sociedade civil:
Governo
Investimentos
Sociais de
Empresas e
Microcrédito
Construção
Sustentável
Eficiência
Energética
Eco-Eficiência
Industrial
Iniciativa
Privada
Recuperação de
Passivo Ambiental
Saneamento e
Recursos
Hídricos
Desenvolviment
o Institucional
Aspectos SocioAmbientais
Transversal
Produção
Sustentável
Inovação
Reflorestamento
, Conservação e
Regularização
Florestal
Outras Instituições
Projetos
Integrados:
Infra-Estrutura
e Serviços
Sociais
Básicos
Melhoria de
Gestão
BNDES and Green Development
BNDES’ Disbursements to the Green Economy (Amounts in US$ million)
Sectors
Renewable Energy Hydroelectric plants (above 30
MW)
Renewable Energy - Other &
Energy Efficiency
Cargo Transport
Public Transport
Water and Sewage Management
Solid Waste Management
Forests
Agricultural Improvements
Adaptation to Climate Change
and Disaster Risk Management
Others
Green Economy - Total
2008
2009
2010
2011
2,138
4,782
3,547
2,972
3,234
3,234
3,445
4,031
831
343
1,125
803
819
387
921
529
455
891
1,059
845
139
128
67
92
177
221
312
348
265
273
354
189
-
-
81
351
61
7,397
49
11,373
39
10,301
94
10,557
2011 total disbursements: around US$ 80 billion
US$/R$ = 1.75
Low Carbon Agriculture
ABC Programme
 Created in 2010 – aims to mitigate and reduce greenhouse gas
emissions in agriculture
 Financing for farmers and cooperatives with differentiated conditions
 US$ 1.9 billion in resources available for the 2011/2012 crop
 Incentives for techniques that guarantee efficiency in the fields
Projected reduction of emissions for 2020:
Between 130 and 160 million tons of CO2e
Brazil´s Climate Fund
Source of Funding
> Main: Up to 60% share of the
Special Participation of
Petroleum received by the MMA
> Potencial Sources: grants,
loans, others.
Resources 2011
$$
Grants: US$ 18 millions
Concessional Loans: US$ 119 millions
$
$
Ministry of the
Environment
Grants
$
$
Operationalization:
Ministry of Environment and
BNDES
Concessional
Loans
$
Objective of the Fund: to ensure funds
$
$
$
Examples of Sectors:
to support projects or studies aimed at
promoting climate change mitigation
and adapting to its effects.
Renewable
Energy
Sustainable Production Activities: native
wood producion, fruit and fiber
Amazon Fund
Aim: non-reimbursable investments in
efforts to prevent, monitor and combat
deforestation, and to foster the conservation
and sustainable use of forests in the
Amazon Biome.
To achieve its objectives, the
Amazon Fund supports projects
in the following areas
Donator
Pledged Funds
Goverment of
Norway
US$ 1 billion
KfW Germany
EUR 21 million
Petrobras
US$ 4 million
I.
Management of public forests and
protected areas;
II.
Environmental control, monitoring and
surveillance;
III.
Sustainable forest management;
IV.
Economic activities developed from the
sustainable use of the forest;
V.
Ecological and economic zoning, land-use
planning and land-title regulation;
VI.
Conservation and the sustainable use of
biodiversity and;
VII.
Recovery of deforested areas.
Disbursements: R$ 89,3 million
Source of resources
Fostering Energy Efficiency
PROESCO
 Support to ESCO (Energy Service Companies) in projects that
contribute to energy efficiency or substitute fossil fuels by renewable
sources
 Attractive financial conditions
 Three approved projects in 2011
 Reduction of energy consumption (estimative): 2.500 MWh per year
Local Development: an opportunity and a
responsibility
A new approach to support large projects: focus on systemic
implications of the territorial area of influence
 A broader concept of development
 Adaptability according to local reality
 Economic, social, environmental
and territorial dimensions
 A better allocation of financial
resources
 Extended partnerships and social
control
 Systemic planning for development
Land use planning
1
Economic development
(e.g. supply chain,
local productive and
5 Five Dimensions
innovative arrangements,
of Planning
expansion of the income
and labour effect)
4
Regional infrastructure
/ Social, environmental
and cultural
2
development
3
Professional qualification Strengthening
local management
and labour training
Economic research
Examples of studies under
development:
 Non-reimbursable resources for
technical studies and research related
to sustainable development
 Analysis of technologies for
treatment and disposal of urban
solid wastes in Brazil, Europe,
Japan and US (coordinated by the
Federal University of Pernambuco)
Objectives:
 To support the development of public
policies
 To direct BNDES’ strategic guidelines,
priorities and policies
 Investigation of the potential
effects in the Brazilian industry
due to the adoption of low-carbon
technologies by developed
countries (coordinated by the
University of São Paulo from Ribeirão
Preto - Fearp/USP)
BNDES Financial Support for Sanitation
Investments
Net exposure (US$ billion)
Disbursements (US$ million)
Sewage
US$ 3.59
1,106
938
985
1,051
410
Water
US$ 2.40
Drainage
US$ 0.21
Waste
US$ 0.13
283
140 122 129 179
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
 Legal and administrative framework: Water Supply and Sewage (Federal Law Nº.
11,445/2007) and Solid Waste (Federal Law Nº. 12,305/2010).
 More than R$ 40 billion in public funds to support investments over the next 4 years
Opportunities in Public-Private-Partnerships and Concessions: a large and open market for
new (qualified) investorsar
The support for SMEs
Share of MSMEs in total disbursement
45%
41,4%
40%
85.5% of townships with active operations
with BNDES credit card for SMEs
35,9%
35%
31,8%
30%
25%
24,8%
20%
15%
2007
24,0%
21,5%
2008
2009 *
2010 *
2011
up to march 2012
N° of MSMEs supported in 2011
250.000
235.984
200.000
176.678
150.000
BNDES Credit Card:
109.121
- 510,000 active cards
- 2011: R$ 7.6 bi
- 2012: R$ 11. bi (expected)
100.000
50.000
45.835
57.480
0
2007
Source: BNDES
2008
2009
2010
2011
17
The Role of BNDES in fostering sustainable
development
June 2012