BNDES - Brazilian Development Bank
   




Ethics Management

Society increasingly demands the adoption of preventive and corrective measures regarding ethical violations, both in the public sector and in the private sector. The concern for ethical sustainability is gradually becoming standard in the initiatives of public power.

BNDES formalized its commitment to ethics management in June 2002, with the creation of the BNDES’ Code of Ethics.

Nonetheless, practice and dissemination of ethical values call for constant renewal and consideration, charting and contextualizing the cultural changes and evolution of society.

Consequently, perceiving the need to incorporate the changes in our time into its Code of Ethics and indicate the values that will focus our role in and commitment to the following generations, in 2016, BNDES established its New Code of Ethics of the BNDES System.

Participants in the BNDES System commit to basing their behavior and role on the constitutional principles of legality, impartiality, morality, publicness, and efficiency, as well as on the principle of ethics, including the fundamental value that should guide the integral development of human beings.

Ethics Management at BNDES is conducted by the Ethics Committee of the BNDES System and by the Ethics Committee Secretary, by fostering efforts related to education processes, compatibility of norms, putting incentive and improvement procedures for ethical principles into effect, as well as the verification and assessment of applicable penalties in the event of ethical breaches.

 

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Recent News  Recent News
08/12/2021
BNDES triples profit and attracts resources from the private sector for national development
The Bank attracts billionaire investments in concessions, such as sanitation in Rio, and financing for partnership projects. Gain from disposals of Vale's participating debentures and equity interests positively influenced the result. The BNDES transferred BRL 75.9 billion to the Treasury by July, including advance payments and ordinary payments, dividends and taxes. Profit in the quarter reaches BRL 5.3 billion, accumulating BRL 15.1 billion in the half year.
05/13/2021
BNDES profit continues to rise and disbursements grow to meet needs during the crisis
R$ 9.8 billion in positive result is over 70% higher than in the first quarter of 2020. Recurring profit, which does not consider extraordinary effects, such as asset sales, is R$ 2.4 billion. More than half of the credit negotiated by BNDES went to green economy and social development. Project Factory advances with sanitation in Rio and other projects