Investor Presentaiton
Annual Report
AR
2022
SUMMARY
WHO WE
ARE
OUR
STRENGTH
AND
OUR
RESOURCES
OUR
RESULTS
Agenda BC#
The BCB became a member of the Steering
Committee of the Network for Greening the
Financial System (NGFS)
The BCB became a member of the Steering Committee of
NGFS. In 2022 and 2023 the BCB will be part of the group
of 15 central banks that help better outline the network's
agenda, composed of more than 100 members. By the end
of 2022, 19 of the G20 countries were members of the NGFS.
This move is a relevant recognition of BCB's efforts on the
issue of sustainability. Less than two years after joining the
Committee, the BCB already participates in numerous NGFS
initiatives, more recently by coordinating the preparation of
a progress report on supervision.
Being part of the Steering Committee brings a greater
chance to actively participate in the discussions and
influence the direction intended by the NGFS to its
issues, which is relevant in a network mostly composed
of European elements and countries with advanced
economies.
Besides the benefits of producing relevant material
and exchanging experiences, being part of the Steering
Committee is an opportunity to bring the perspective of
an emerging Latin American economy to this agenda. The
exchange of experiences and participation in the NGFS
working groups enhance knowledge in the BCB, which is
crucial to design its new regulations and publish reports in
the ESG (environmental, social, and governance) area.
Report on Social, Environmental, and Climate
Risks and Opportunities (RIS)
In 2022, the second edition of the RIS was published. The
report was based on the structure proposed by the World
Economic Forum, addressing not only climate aspects, but
also social and environmental ones.
It is worth remembering that, in 2020, the BCB included
the Sustainability dimension in the Agenda BC#. Thus, the
BCB confirmed its understanding of the importance of
social, environmental, and climate risks in the economy and
in the SFN, and the relevant role played by institutions in
addressing these risks.
The second edition of the RIS presented an overview of the
actions underway in the Sustainability dimension since the
publication of its first edition, in 2021, as well as new actions
included in the agenda during 2022.
Promoting the disclosure of information related to risks is
a fundamental step towards building a consensus on the
best way to measure, disclose and then manage these risks
appropriately.
Improvements in the monitoring of rural credit
operations with advances in the FiBraS Project
The FiBras Project reached the end of its first phase in
March 2022. Starting in October 2018, it pursued the
improvement of structuring conditions for the Brazilian
green finance market development. FiBraS was originally
conceived with a focus on supervision-specific issues,
to ensure the implementation of rules related to socio-
environmental risk management by financial institutions
in their lending operations.
The BCB was able to improve the qualification of its
employees in topics related to social, environmental, and
climate risks, through courses and consultancies offered
by FiBraS. The project provided the BCB with access to
relevant tools to improve the monitoring of rural credit
operations, with the expansion of the use of geospatial
data in the process. It also contributed to the promotion
of regulatory improvements.
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