BV to finance $15.4 bn in sustainable projects by 2030

Bank BV (formerly Votorantim) committed to finance R$80 billion ($15.4 bn) in sustainable projects until 2030, in its the boldest step so far in its environmental, social and governance (ESG) commitments agenda. “This means that we
will practically create another entire BV in sustainable projects by 2030,” CEO Gabriel Ferreira said. In 2020, sustainable projects financed by BV totalled R$4.5 billion ($865mm), and the bank’s total portfolio currently stands at R$72.2 billion ($13.8 bn). Thus, the sustainable portfolio would increase from just over 6% to almost 33% of the total.

Source: Valor International