Day: August 27, 2020

Environmental preservation can bring $10 bn per year to Brazil

Pressure from the private sector has made the federal government change its approach to the environmental issue, says Suzano’s president, Walter Schalka. “The numbers are clear: deforestation has increased in 2019 and 2020 and we need to go back to pre-2012 levels. This will generate credibility to Brazil and a high volume of investments”. In the Schalka’s perspective, carbon credits should bring $10 bn every year to the economy.

BYD invests $2.7 mm and sets up battery plant in Manaus

BYD announced the beginning of operations of its iron-lithium phosphate battery plant, located in the Manaus Industrial Complex (PIM), in Amazonas. The plant has a production capacity of up to 1,000 batteries per year. The initial quantity of 272 units are projected to be delivered by November. The Company has invested R$15 million ($2.7 mm) in the new plant, which will initially serve the assembly of electric buses.

Marfrig launches “carbon neutral” beef line

$1.8 mm were invested on the launch of the brand Viva, including on researches, property certification and brand construction, according to Marfrig. The new carbon neutral bovine meat line, initially will be distributed only in Brazil. The initiative was developed in partnership with the Brazilian Agricultural Research Company (Embrapa), said the company.

Bradesco, Itaú Unibanco and Santander launch the Amazon advisory board

The three major private banks in Brazil, Itaú Unibanco, Bradesco and Santander announced the establishment of the Amazon advisory board and have already selected its seven members. According to a statement, sustainability experts from the three financial institutions have already formed a working group, which has met regularly to propose concrete initiatives and actions for the Amazon region.