Download data
A Global Canopy project
Menu

Select an assessment year:

Download data
  • Overall approach
    0/16
    • Overarching commitment on deforestation
      0/16
  • Commodity score
    10/64
    • Beef & Leather
      17/64
      • Commitment Strength
        17/42
        • Commodity-specific financing policy
          9.1/9.6
          • Commitment details
            Yes
            8/8
            Commitment details
            Yes
            8/8
            Type of policy: Sustainable/Responsible
            "List of Restricted Activities: Inspired by good international practices, Itaú Unibanco follows specific procedures for granting credit to Corporate Clients whose activities are included in the sectors below [...] Beef packaging plants and cattle slaughterhouses.For these sectors, the Environmental and Social Risk Management conducts surveys aimed at each sector and demands the commercial department to request companies to fill out specific questionnaires and submit applicable documentation."
            Open source document
          • Policy applies to all operations and financing
            Subset
            0.2/0.4
            Policy applies to all operations and financing
            Subset
            0.2/0.4
            "List of Restricted Activities: Inspired by good international practices, Itaú Unibanco follows specific procedures for granting credit to Corporate Clients whose activities are included in the sectors below [...] Beef packaging plants and cattle slaughterhouses.For these sectors, the Environmental and Social Risk Management conducts surveys aimed at each sector and demands the commercial department to request companies to fill out specific questionnaires and submit applicable documentation."
            Open source document
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "List of Restricted Activities: Inspired by good international practices, Itaú Unibanco follows specific procedures for granting credit to Corporate Clients whose activities are included in the sectors below [...] Beef packaging plants and cattle slaughterhouses.For these sectors, the Environmental and Social Risk Management conducts surveys aimed at each sector and demands the commercial department to request companies to fill out specific questionnaires and submit applicable documentation."
            Open source document
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "List of Restricted Activities: Inspired by good international practices, Itaú Unibanco follows specific procedures for granting credit to Corporate Clients whose activities are included in the sectors below [...] Beef packaging plants and cattle slaughterhouses.For these sectors, the Environmental and Social Risk Management conducts surveys aimed at each sector and demands the commercial department to request companies to fill out specific questionnaires and submit applicable documentation."
            Open source document
          • Policy applies to all stages of the supply chain
            Processors
            0.1/0.4
            Policy applies to all stages of the supply chain
            Processors
            0.1/0.4
            "List of Restricted Activities: Inspired by good international practices, Itaú Unibanco follows specific procedures for granting credit to Corporate Clients whose activities are included in the sectors below [...] Beef packaging plants and cattle slaughterhouses.For these sectors, the Environmental and Social Risk Management conducts surveys aimed at each sector and demands the commercial department to request companies to fill out specific questionnaires and submit applicable documentation."
            Open source document
        • Companies must be legally operated
          2.6/5.6
          • Commitment details
            Own operations - Encourage
            1/4
            Commitment details
            Own operations - Encourage
            1/4
            "We comply with the applicable laws, rules, and regulations in the countries we perform."
            Open source document
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "We comply with the applicable laws, rules, and regulations in the countries we perform."
            Open source document
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "We comply with the applicable laws, rules, and regulations in the countries we perform."
            Open source document
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "We comply with the applicable laws, rules, and regulations in the countries we perform."
            Open source document
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "We comply with the applicable laws, rules, and regulations in the countries we perform."
            Open source document
        • Companies must protect priority forests or globally important landscapes
          0/9.6
          • Commitment details
            No
            0/8
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Assurance mechanism to ensure compliance
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Commitments must be timebound
          5.4/5.6
          • Commitment details
            Require
            4/4
            Commitment details
            Require
            4/4
            Type of policy: Compliance is prerequisite for financing
            "List of Restricted Activities: Inspired by good international practices, Itaú Unibanco follows specific procedures for granting credit to Corporate Clients whose activities are included in the sectors below [...] Beef packaging plants and cattle slaughterhouses.For these sectors, the Environmental and Social Risk Management conducts surveys aimed at each sector and demands the commercial department to request companies to fill out specific questionnaires and submit applicable documentation."
            Open source document
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "List of Restricted Activities: Inspired by good international practices, Itaú Unibanco follows specific procedures for granting credit to Corporate Clients whose activities are included in the sectors below [...] Beef packaging plants and cattle slaughterhouses.For these sectors, the Environmental and Social Risk Management conducts surveys aimed at each sector and demands the commercial department to request companies to fill out specific questionnaires and submit applicable documentation."
            Open source document
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "List of Restricted Activities: Inspired by good international practices, Itaú Unibanco follows specific procedures for granting credit to Corporate Clients whose activities are included in the sectors below [...] Beef packaging plants and cattle slaughterhouses.For these sectors, the Environmental and Social Risk Management conducts surveys aimed at each sector and demands the commercial department to request companies to fill out specific questionnaires and submit applicable documentation."
            Open source document
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "List of Restricted Activities: Inspired by good international practices, Itaú Unibanco follows specific procedures for granting credit to Corporate Clients whose activities are included in the sectors below [...] Beef packaging plants and cattle slaughterhouses.For these sectors, the Environmental and Social Risk Management conducts surveys aimed at each sector and demands the commercial department to request companies to fill out specific questionnaires and submit applicable documentation."
            Open source document
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "List of Restricted Activities: Inspired by good international practices, Itaú Unibanco follows specific procedures for granting credit to Corporate Clients whose activities are included in the sectors below [...] Beef packaging plants and cattle slaughterhouses.For these sectors, the Environmental and Social Risk Management conducts surveys aimed at each sector and demands the commercial department to request companies to fill out specific questionnaires and submit applicable documentation."
            Open source document
      • Social Considerations
        0/22
        • Company must ensure Free, Prior and Informed Consent
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Company must respect labour rights
          0/5.6
          • Commitment details
            No
            0/4
            Commitment details
            No
            0/4
            Type of policy: Forced Labour; Child Labour
            Itau Unibanco state: "The activities included in the 'List of the Prohibited Activities' below are not compatible with the principles and values of Itau Unibanco. Therefore, the Institution will not grant new credit to Clients that develop activities in the conditions described in said list. [...] Companies that, in their activities, use child labor in disagreement with legislation [...] Companies included in the national register of employers who have kept employees in conditions similar to slave labor."
            Open source document
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
    • Palm oil
      3/64
      • Commitment Strength
        3/42
        • Commodity-specific financing policy
          0/9.6
          • Commitment details
            No
            0/8
            Commitment details
            No
            0/8
            Type of policy: No policy
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Companies must be legally operated
          2.6/5.6
          • Commitment details
            Own operations - Encourage
            1/4
            Commitment details
            Own operations - Encourage
            1/4
            "We comply with the applicable laws, rules, and regulations in the countries we perform."
            Open source document
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "We comply with the applicable laws, rules, and regulations in the countries we perform."
            Open source document
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "We comply with the applicable laws, rules, and regulations in the countries we perform."
            Open source document
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "We comply with the applicable laws, rules, and regulations in the countries we perform."
            Open source document
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "We comply with the applicable laws, rules, and regulations in the countries we perform."
            Open source document
        • Companies must protect priority forests or globally important landscapes
          0/9.6
          • Commitment details
            No
            0/8
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Assurance mechanism to ensure compliance
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Commitments must be timebound
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
      • Social Considerations
        0/22
        • Company must ensure Free, Prior and Informed Consent
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Company must respect labour rights
          0/5.6
          • Commitment details
            No
            0/4
            Commitment details
            No
            0/4
            Type of policy: Forced Labour; Child Labour
            Itau Unibanco state: "The activities included in the 'List of the Prohibited Activities' below are not compatible with the principles and values of Itau Unibanco. Therefore, the Institution will not grant new credit to Clients that develop activities in the conditions described in said list. [...] Companies that, in their activities, use child labor in disagreement with legislation [...] Companies included in the national register of employers who have kept employees in conditions similar to slave labor."
            Open source document
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
    • Soy
      3/64
      • Commitment Strength
        3/42
        • Commodity-specific financing policy
          0/9.6
          • Commitment details
            No
            0/8
            Commitment details
            No
            0/8
            Type of policy: No policy
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Companies must be legally operated
          2.6/5.6
          • Commitment details
            Own operations - Encourage
            1/4
            Commitment details
            Own operations - Encourage
            1/4
            "We comply with the applicable laws, rules, and regulations in the countries we perform."
            Open source document
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "We comply with the applicable laws, rules, and regulations in the countries we perform."
            Open source document
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "We comply with the applicable laws, rules, and regulations in the countries we perform."
            Open source document
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "We comply with the applicable laws, rules, and regulations in the countries we perform."
            Open source document
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "We comply with the applicable laws, rules, and regulations in the countries we perform."
            Open source document
        • Companies must protect priority forests or globally important landscapes
          0/9.6
          • Commitment details
            No
            0/8
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Assurance mechanism to ensure compliance
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Commitments must be timebound
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
      • Social Considerations
        0/22
        • Company must ensure Free, Prior and Informed Consent
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Company must respect labour rights
          0/5.6
          • Commitment details
            No
            0/4
            Commitment details
            No
            0/4
            Type of policy: Forced Labour; Child Labour
            Itau Unibanco state: "The activities included in the 'List of the Prohibited Activities' below are not compatible with the principles and values of Itau Unibanco. Therefore, the Institution will not grant new credit to Clients that develop activities in the conditions described in said list. [...] Companies that, in their activities, use child labor in disagreement with legislation [...] Companies included in the national register of employers who have kept employees in conditions similar to slave labor."
            Open source document
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
    • Timber, Pulp & Paper
      17/64
      • Commitment Strength
        17/42
        • Commodity-specific financing policy
          9.1/9.6
          • Commitment details
            Yes
            8/8
            Commitment details
            Yes
            8/8
            Type of policy: Sustainable/Responsible
            "List of Restricted Activities: Inspired by good international practices, Itaú Unibanco follows specific procedures for granting credit to Corporate Clients whose activities are included in the sectors below: [...] Extraction of wood from native forests [...] For these sectors, the Environmental and Social Risk Management conducts surveys aimed at each sector and demands the commercial department to request companies to fill out specific questionnaires and submit applicable documentation."
            Open source document
          • Policy applies to all operations and financing
            Subset
            0.2/0.4
            Policy applies to all operations and financing
            Subset
            0.2/0.4
            "List of Restricted Activities: Inspired by good international practices, Itaú Unibanco follows specific procedures for granting credit to Corporate Clients whose activities are included in the sectors below: [...] Extraction of wood from native forests [...] For these sectors, the Environmental and Social Risk Management conducts surveys aimed at each sector and demands the commercial department to request companies to fill out specific questionnaires and submit applicable documentation."
            Open source document
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "List of Restricted Activities: Inspired by good international practices, Itaú Unibanco follows specific procedures for granting credit to Corporate Clients whose activities are included in the sectors below: [...] Extraction of wood from native forests [...] For these sectors, the Environmental and Social Risk Management conducts surveys aimed at each sector and demands the commercial department to request companies to fill out specific questionnaires and submit applicable documentation."
            Open source document
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "List of Restricted Activities: Inspired by good international practices, Itaú Unibanco follows specific procedures for granting credit to Corporate Clients whose activities are included in the sectors below: [...] Extraction of wood from native forests [...] For these sectors, the Environmental and Social Risk Management conducts surveys aimed at each sector and demands the commercial department to request companies to fill out specific questionnaires and submit applicable documentation."
            Open source document
          • Policy applies to all stages of the supply chain
            Processors
            0.1/0.4
            Policy applies to all stages of the supply chain
            Processors
            0.1/0.4
            "List of Restricted Activities: Inspired by good international practices, Itaú Unibanco follows specific procedures for granting credit to Corporate Clients whose activities are included in the sectors below: [...] Extraction of wood from native forests [...] For these sectors, the Environmental and Social Risk Management conducts surveys aimed at each sector and demands the commercial department to request companies to fill out specific questionnaires and submit applicable documentation."
            Open source document
        • Companies must be legally operated
          2.6/5.6
          • Commitment details
            Own operations - Encourage
            1/4
            Commitment details
            Own operations - Encourage
            1/4
            "We comply with the applicable laws, rules, and regulations in the countries we perform."
            Open source document
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "We comply with the applicable laws, rules, and regulations in the countries we perform."
            Open source document
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "We comply with the applicable laws, rules, and regulations in the countries we perform."
            Open source document
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "We comply with the applicable laws, rules, and regulations in the countries we perform."
            Open source document
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "We comply with the applicable laws, rules, and regulations in the countries we perform."
            Open source document
        • Companies must protect priority forests or globally important landscapes
          0/9.6
          • Commitment details
            No
            0/8
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            0
            0/0.4
        • Assurance mechanism to ensure compliance
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Commitments must be timebound
          5.4/5.6
          • Commitment details
            Require
            4/4
            Commitment details
            Require
            4/4
            Type of policy: Compliance is prerequisite for financing
            "List of Restricted Activities: Inspired by good international practices, Itaú Unibanco follows specific procedures for granting credit to Corporate Clients whose activities are included in the sectors below: [...] Extraction of wood from native forests [...] For these sectors, the Environmental and Social Risk Management conducts surveys aimed at each sector and demands the commercial department to request companies to fill out specific questionnaires and submit applicable documentation."
            Open source document
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "List of Restricted Activities: Inspired by good international practices, Itaú Unibanco follows specific procedures for granting credit to Corporate Clients whose activities are included in the sectors below: [...] Extraction of wood from native forests [...] For these sectors, the Environmental and Social Risk Management conducts surveys aimed at each sector and demands the commercial department to request companies to fill out specific questionnaires and submit applicable documentation."
            Open source document
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "List of Restricted Activities: Inspired by good international practices, Itaú Unibanco follows specific procedures for granting credit to Corporate Clients whose activities are included in the sectors below: [...] Extraction of wood from native forests [...] For these sectors, the Environmental and Social Risk Management conducts surveys aimed at each sector and demands the commercial department to request companies to fill out specific questionnaires and submit applicable documentation."
            Open source document
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "List of Restricted Activities: Inspired by good international practices, Itaú Unibanco follows specific procedures for granting credit to Corporate Clients whose activities are included in the sectors below: [...] Extraction of wood from native forests [...] For these sectors, the Environmental and Social Risk Management conducts surveys aimed at each sector and demands the commercial department to request companies to fill out specific questionnaires and submit applicable documentation."
            Open source document
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "List of Restricted Activities: Inspired by good international practices, Itaú Unibanco follows specific procedures for granting credit to Corporate Clients whose activities are included in the sectors below: [...] Extraction of wood from native forests [...] For these sectors, the Environmental and Social Risk Management conducts surveys aimed at each sector and demands the commercial department to request companies to fill out specific questionnaires and submit applicable documentation."
            Open source document
      • Social Considerations
        0/22
        • Company must ensure Free, Prior and Informed Consent
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Company must respect labour rights
          0/5.6
          • Commitment details
            No
            0/4
            Commitment details
            No
            0/4
            Type of policy: Forced Labour; Child Labour
            Itau Unibanco state: "The activities included in the 'List of the Prohibited Activities' below are not compatible with the principles and values of Itau Unibanco. Therefore, the Institution will not grant new credit to Clients that develop activities in the conditions described in said list. [...] Companies that, in their activities, use child labor in disagreement with legislation [...] Companies included in the national register of employers who have kept employees in conditions similar to slave labor."
            Open source document
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
  • Reporting & Implementation
    10/20
    • Policy is reviewed and updated
      3/5
      Policy review
      Commit to update policy - Timeline unclear
      3/5
      "The Social Environmental Risk Committee will be constantly updated about social and environmental issues and their respective risks, and will identify opportunities for improving the implementation of this policy."
      Open source document
    • Companies must disclose subsidiaries in commodity supply chains
      0/5
    • Monitoring and non-compliance process
      3/5
      Monitoring compliance
      Yes - General non-compliance statement
      3/5
      "The Social and Environmental Risk Committee has to: Assess potential situations of non-compliance with this policy. Monitor the schedule for implementing this policy, defined by each business unit and its own compliance area. Check the authority levels determined in sector policies and procedures. Ensure compliance with this policy."
      Open source document
    • Reporting on implementation of the policy
      5/5
      Reporting
      Yes - Annually
      5/5
      Itau report compliance in terms of the number of companies with favourable and non-favourable socio-environmental policies.
      Open source document
  • Commitment strength
    10/42
    Avg. score
  • Social considerations
    0/22
    Avg. score

Profile

Itaú Unibanco are banking group based in Brazil serving both private and commercial customers. Their services include corporate finance, investment banking, wealth management, insurance, pensions and retail banking services. As of 2017, their total assets amount to more than 1.3 trillion BRL, including over 400 billion BRL in loans. Itaú Unibanco are one of the top 60 lenders to Forest 500 companies, with more than 3 billion USD of loans to companies across a broad range of forest risk sectors.

HQ
HQ 
Italy
Financial institution type
Financial institution type 
Asset management, Bank

How we assess the Forest 500

Investors and lenders need to adopt and implement strong deforestation policies that ensure their investments are not funding the destruction of forests.

All assessments use policies published on financial institution websites, some links may have changed or been removed since the time of assessment.

Full finance sector performance data Forest 500 assessment methodology

Related articles and press coverage

Charging bull NYC, Sam Valadi_Flickr

BlackRock’s opportunity to go from laggard to leader on deforestation

By Sarah Rogerson and Beate Triantafilidis, 3 July 2020
Financial Institution News

The world’s largest asset manager says it will do more to address deforestation but will the rest of the finance sector follow?
Stocks

Investors take a stand against Amazon deforestation

By Helen Burley, 25 June 2020
Financial Institution News

Investors target Brazilian embassies with deforestation warning

See all articlesSee all press coverage

More financial institutions

VTB Group
0%
Temasek
0%
Western & Southern Mutual Holding Company, Inc.
0%
Thrivent Financial
0%
White Mountains Insurance
0%
Yayasan Pelaburan Bumiputra
0%

Disclaimer

This assessment has been carried out following the methodology developed for the Forest 500 project, available here. Please see our disclaimer applicable to all information contained within this site and our terms and conditions for use of data presented on this site.

All assessments use policies published on company and financial institution websites, and while we endeavor to keep them updated some links may have changed or been removed since the time of assessment.

Please contact us with any concerns or feedback about this or other assessments included in the Forest 500.