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Itaú Unibanco S.A. (2019)
| Signing Date | 12 Aug 2004 |
| Region of Headquarters: | Latin America |
| Current EPFI Reporting Year/Period: | 2019 |
| Institutional Reporting: | Link to Report |
Please read the important notes and disclaimer for further information on ‘EPFI Reporting’, compliance and publication on the EP website.
Further information on this EPFI may be obtained through the Institutional Reporting hyperlink.
Project Finance Advisory Services
Total number mandated in the reporting period: 0
Project Finance Transactions
Total number that reached Financial Close in the reporting period: 0
Project-related Refinance & Project-related Acquisition For Project Finance
This information is required under EP4. EP4 applies for those transactions mandated after 1 October 2020 and that have reached Financial Close by the end of the period being reported.
Project-Related Corporate Loans
Total number that reached Financial Close in the reporting period: 0
Project-related Refinance & Project-related Acquisition For Project-related Corporate Loans
This information is required under EP4. EP4 applies for those transactions mandated after 1 October 2020 and that have reached Financial Close by the end of the period being reported.
Implementation of the Equator Principles
The environmental and social affairs are strategically included in credit granting and Itaú has applied the Equator Principles for the past 15 years. When applying the Equator Principles, we are guided by international market best practices and focus our efforts on engaging all stakeholders in a robust, transparent due diligence, ensuring notable technical expertise, unquestionable independence of EP Reviewers and higher effectiveness in risk management. All projects financed under the scope of the Equator Principles, originated in Brazil or other Itau’s international units, are subject to the scrutiny of Itaú’s headquarters’ E&S technical team. In this case, the review begins by rating a project and the assessment process incorporates material and sensitive issues such as impact on traditional populations, climate change, and human rights, in accordance with the IFC Performance Standards, as well as assessing compliance with local legislation and the adoption of an environmental and social management system. In high and medium risk projects, it may be necessary to engage independent environmental and social consultants as a hiring and monitoring requirement.
In 2019, a new team was created within the compliance area to address the all the governance for the Environmental and Social Risk, adjusting the policies and procedures to address the new requirements of the Equator Principles. While the technical E&S Risk area is still the responsible for the evaluation of all the projects financed by Itaú.
Further information on Itaú Unibanco’s implementation reporting is provided here.