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
11/11/2021
BNDES boosts privatizations, announces new lines for green economy, and expands profit by 29% in the third quarter
Total portfolio includes 163 privatization projects, totaling BRL 287 billion. Gain from disposals of shareholdings and debentures impacted the accumulated result. Green economy and social development represent more than half of the loan portfolio
11/16/2021
BNDES creates matchfunding to invest up to BRL 500 million in forest recovery with support from partners
The following companies have already confirmed participation in the Living Forest Initiative: Petrobras, Coopercitrus, Heineken Group, Itaipu Binacional — in partnership with the Government of Mato Grosso do Sul — Philip Morris Brasil and Vale, through the Vale Fund The Bank will participate with up to 50% of the resources applied in the initiative The reforestation of 16,000 to 33,000 hectares with native species and biodiversity is expected