The volume of bank credit destined to sectors of the 'Green Economy' has been measured by FEBRABAN since 2015 (with retroactive data since 2013), based on the National Classification of Economic Activities (Classificação Nacional das Atividades Econômicas - CNAE).
Until 2018, the survey was carried out based on the voluntary reporting, by a group of banks, of the volume of resources allocated in their corporate credit portfolios to different economic activities.
In 2019, FEBRABAN reviewed the measurement methodology, and started to consider a set of data provided by the Central Bank of Brazil, based on the Credit Information System (Sistema de Informações de Crédito - SCR). With the change, it was possible to expand the scope and quality of information, since the analysis started to consider 100% of credit to legal entities offered by the banking system in Brazil.
As part of the review process, FEBRABAN also finalized, in 2020, the new classification of economic activities from a socio-environmental and climate perspective, called Green Taxonomy. At the end, three classification modalities were proposed: “Green Economy”, “Exposure to climate change” and “Exposure to environmental risk”. The new methodology also qualified federal financing lines for sustainable agriculture and renewable energy, so that the classification for these balances does not depend only on the CNAE, and allows the accounting of credit for individuals.
Prior to its approval, FEBRABAN's Green Taxonomy was placed in public consultation, on which an open webinar was held to present the new classification, in November 2020.
With this review, the Federation reinforces the objectives of assisting the sector in the transition to a green economy, in addition to supporting better management of socio-environmental and climate risks in the Brazilian banks' portfolios.
Click on the links below to access: (i) FEBRABAN Green Taxonomy; (ii) its Explanatory Guide; and (iii) report on the application of the Green Taxonomy on resources intermediated by the banking sector in Brazil (2019-2020).