NDB and Banco do Brasil co-designed a Sustainable Finance Framework to provide financing for sub-projects, focusing on the following private sector infrastructure investments related to agribusiness: (i) Storage and warehouse facilities; (ii) Sustainable irrigation; (iii) Renewable energy; and (iv) Energy efficiency (the Project)

By supporting investments in sustainable infrastructure associated with agribusiness, the Project will enhance the sustainability, productivity, and production output of the agribusiness sector in Brazil, strengthening its contribution to the country’s economic growth in line with national priorities. The Project is primarily aligned with SDG 8 (Decent Work and Economic Growth). Secondarily, the Project will also contribute to SDG 9 (Industry, Innovation, and Infrastructure), and SDG 7 (Affordable and Clean Energy). Additionally, the Project has the potential to contribute to climate mitigation and/or adaptation.
By financing sustainable infrastructure investments associated to agribusiness, the development impact of the Project will be to enhance the sustainability, productivity, and production output of the agribusiness sector in Brazil, strengthening its contribution to the country’s economic growth in line with national priorities.

Banco do Brasil S.A. will be the Borrower and the Agribusiness, Finance and Sustainability Divisions of the Borrower will be responsible for Subproject origination, appraisal, structuring, reporting and monitoring to NDB.

Category FI-A, in line with the NDB ESF. Main adverse E&S impacts may include loss of natural habitats and impacts on biodiversity and ecosystem services; occupational health and safety risks associated with grain storage operations; impacts of water abstraction and potential contamination of surface and underground water resulting from irrigation systems.