Led by: Instituto Talanoa |
Sector: Finance |
“The BTLC project, a key development institution in Brazil, will promote public policies and innovation in the Brazilian financial system to support the achievement of the country's Nationally Determined Contributions (NDCs) and sustainable development goals. It is not just about adapting to change; but about actively shaping a future where sustainability and social justice are central pillars of financial decision-making."
- Tatiana Assali, Partner, ERM NINT
Brazil Towards Low Carbon (BTLC) is a technical assistance project that is key in in advancing capacity building. It seeks to enable Caixa Econômica Federal (CEF) to effectively integrate Climate initiatives and Gender Equality and Social Inclusion (GESI) considerations. This integration targets the entity's broad policies, operational systems, products, practices, and reporting protocols, reinforcing CEF's crucial role in fostering an inclusive, low-carbon future.
CEF, one of Brazil's largest development banks and a significant player in public policy implementation, has a profound influence on vulnerable groups. Through this project's support, Caixa is positioned to set a benchmark in ESG and climate finance within the country, leveraging its new Sustainability Strategy and playing an ambitious role in realising Brazil's NDC objectives.
The primary objective of this project is to boost CEF's ability to strengthen its climate-centric policies, strategies, and tools, while also promoting the creation of sustainable and climate-adaptable financial products. This effort is expected to be instrumental in supporting a fair shift towards a low-carbon economy.
“We expect this project to raise awareness and involve Brazil's financial sector in addressing the challenges presented by climate change. Additionally, it will encourage the sector to actively participate in fulfilling Brazil's NDCs, through directing capital into innovative projects and financial instruments, with best ESG and climate practices and policies implemented.”
- Tatiana Assali, Partner, ERM NINT
UK PACT (Partnering for Accelerated Climate Transitions) is a unique capacity-building programme. Jointly governed and funded by the UK Government’s Foreign, Commonwealth and Development Office (FCDO) and the Department for Energy Security and Net Zero (DESNZ) through the UK's International Climate Finance, it works in partnership with countries with high emissions reduction potential to support them to implement and increase their ambitions for tackling climate change.
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