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07.13.06
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BNDES creates a new line for enterprises to invest in the social area
The board of Banco Nacional de Desenvolvimento Econômico e Social [BNDES] approved the creation of a
Enterprises' Social Investment
line, which will include financings directed to the implementation, expansion and consolidation of social projects. The new line, which was launched in substitution of the Support Program for Companies' Social Investments [PAIS], aims at reducing social inequalities and presents two directions.
One of them is to support actions directed to enterprises' employees and their dependents or relatives, employees from input, material and service suppliers, or clients.
The other, in the ambit of community, will support projects involving communities in areas of enterprises' geographic influence and actions benefiting segments of population, even those not associated to business activities or in their areas of influence, but aiming at combining efforts with public programs and social policies.
The line includes support to works, acquisition of machinery, equipment, specialized technical services, information technology, capacitation and development, dissemination and application of social technologies directed to improve public policies.
Financing will always be, by means of a direct operation, independent of the amount granted, and may occur by means of social subcredit, that is, a credit bound to the financing of a certain productive project or under a specific agreement for the operation. That is, a financial support to a social program independent of the enterprises' projects.
Investments in the ambit of community will bear zero rate and the participation may reach 100% of total budget. As to investments in the ambit of enterprises, the basic interest will be 1%, without collection of a risk rate, and BNDES share level will be up to 80% of the operation value. In both cases, the maximum term is 96 months, including a grace period of up to 24 months.
Until now, the ways used by BNDES to operate a financing to enterprises' social investments were the social subcredit, which is included in the global financing agreement, in case of a social project bound to the moment of support to the productive investment, and PAIS, a program directed to public or private enterprises, bound or not to the moment of analysis of a specific productive project.
Expectations for the new program are promising and point out to a R$ 500 million portfolio. Up to now, the financings approved for enterprises' social projects amount to R$ 353 million, mostly destined to the trade sector, which accounted for 33% of total approvals, with investments of R$ 117.4 million. The farming sector invested R$ 66.6 million in actions directed to the social area, equivalent to 19% of the resources. The third segment with high volume of projects was cellulose and paper, which accounted for 16% of total financings, with R$ 56 million.
BNDES, as the main institution directed to finance the long-term development, has been associating, to its role of financing the business activity, an important contribution in the dissemination and induction of principles and procedures socially responsible in the business context.
Therefore, in parallel to supporting the expansion, strengthening and increasing productivity and the domestic competitiveness, it has been appearing a necessity and opportunity for BNDES, as main investor of funds from the Workers' Supporting Fund [FAT], to develop initiatives directed to the strengthening of enterprises' governance level. This is achieved by means of supporting an increase in the business social responsibility degree, by developing the articulation of these actions with public policies in the social field.
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