Through its Green Offices, JBS will connect farmers with the Banco do Brasil (BB) and Bradesco for obtaining sustainability-focused credit
JBS, global leader in protein-based food, has just entered into partnerships with Banco do Brasil and Bradesco to facilitate access to rural credit for producers in its supply chain. With the support of the company’s Green Offices, livestock farmers will be able to obtain funds to finance environmental regularization actions, contributing to a more sustainable production chain.
The objective of the partnership is to connect these farmers with Bradesco and BB, leading lender in rural credit whose traditional emphasis has been on fostering agribusiness and economic development in Brazil. The Green Offices, a ground-breaking initiative by JBS to support its suppliers, will assess each farmer’s needs so that they seek the financing required for adopting good environmental practices. The technical teams of both banks will assist with adjusting the projects and indicating the ideal credit line for each situation.
In this way, JBS, Bradesco and Banco do Brasil are showing alignment with integrated management trends and the importance of the transformational role in society, expanding the fields of operation to encourage farmers to regularize their lands. The joint action adds value to farming and to Brazil, since it provides the conditions for farmers to make environmental adjustments to their rural property with peace of mind and convenience
“This is yet another effort by JBS in support of a sustainable supply chain. Our key objective is to help livestock farmers to resolve their environmental liabilities according to Brazilian legislation. It is for this that the Green Offices exist. The partnership with banks like Banco do Brasil and Bradesco further bolsters this objective”, says Renato Costa, president of Friboi.
Elected for the second consecutive year as the world’s most sustainable bank by the Global 100 ranking em 2021, Banco do Brasil has issued 10 Commitments to Sustainability, with targets for a more sustainable world, the highlights being the promotion of Sustainable Agriculture, with the aim of reaching R$ 125 billion by 2025. The BB has presently earmarked over R$ 121,5 billion.
Associated with the ILPF (Crops-Livestoph-Forestry Integration) Network, which is working to accelerate the adoption by farmers of ILPF technologies, Bradesco believes that this partnership contributes to the sustainability of this key sector of the Brazilian economy.
Most of the funds earmarked by Bradesco for this partnership will come from its own resources, through Rural Product Notes (CPR). Moreover, the initiative may also count on earmarked funds from sight deposits and investment programs of the National Economic and Social Development Bank (BNDES), when available.