The Brazilian Financial System and the Green Economy: measuring financial resource allocation towards a green economy by the brazilian financial system
In 2014, FEBRABAN and the Fundação Getúlio Vargas Center for Sustainability Studies (FGVCes) analyzed the possible ways of leveraging the transition to a Green Economy in Brazil through the Brazilian Financial Sector.
The outcome of this partnership was the publication, in April 2015, of a report addressing, among other issues, the volume of funds allocated by the financial industry to the Green Economy as of December 31, 2013. Based on a more in-depth look at this analysis, this paper aims to put forward a methodology for identifying the resources in the Brazilian Financial System (BFS) towards a Green Economy (GE) – as defined by UNEP. The scope of the analysis was extended to include amounts allocated to sectors with the potential to cause environmental impact, namely those sectors with potential positive and/or negative impacts, and where in both cases socioenvironmental risk management is essential, whether for reducing negative impacts to minimum, or boosting positive aspects.