Relationships - Banco Itaú

Corporate Governance
• Governance Structures
• Transparency in Reporting
• Socio-environmental Risk
• Crisis Management
• Ethics Management
Projects evaluated and financed by Itaú BBA
Other projects approved 1 by Itaú BBA
using Equator Principles criteria - 2009 1 using Equator Principles criteria – 2009
Sectors
Projects
Investments
Itaú BBA’s
(in R$ millions)
share
Sectors Projects
Investments
(in R$ millions)
(in R$ millions)
Energy 4 23,970.42 949.79
Services 1 1,810.38 660.40
Total 5 25,780.80 1,610.20
Sectors
Projects
Investments
(in R$ millions)
Itaú BBA’s
share
(in R$ millions)
A 3 25,529.40 1,470.41
B 2 251.40 139.79
Total 5 25,780.80 1,610.20
1. Projects in this table were financed during 2009, and were approved by the governance structure in 2009
or in previous years.
Itaú BBA’s
share
(in R$ millions)
Energy 2 1,993.55 722.00
Services 1 214.00 30.00
Total 3 2,207.55 752.00
Sectors
Projects
Investments
(in R$ millions)
Itaú BBA’s
share
(in R$ millions)
A 1 1,386.00 323.00
B 1 214.00 30.00
C 1 607.55 399.00
Total 3 2,207.55 752.00
1. Projects in this table were approved by the governance structure in 2009, but by year-end still had not been
financed, and therefore were not included in the previous table.
Socio-environmental Risk
The Equator Principles cover, among
other issues, the following:
• protection of human rights and
community health, safety and security;
• protection of cultural property and
heritage;
• land acquisition and involuntary
resettlement;
• impacts on indigenous peoples, and their
unique cultures, systems and values;
• pollution prevention and waste
minimization, pollution controls and solid
and chemical waste management;
• sustainable management of natural
resources and biodiversity; and
• employment conditions.
We are committed to improving our
environmental risk management through
in-depth studies of our credit operations.
Accordingly, we seek to establish longer
lasting relationships with customers and
other stakeholders in order to consolidate
a new stance in the financial market,
one which promotes and is capable of
multiplying good socio-environmental
practices.
Equator Principles
We are in the leadership position for the
Equator Principles worldwide. We were
appointed to chair its Steering Committee
on September 23, 2008, becoming the
first financial institution from an emerging
economy to take on this post, where we will
remain until March 15, 2010. We were the
unanimous choice of the member banks
of the Committee, due to the commitment
we have displayed in applying the Equator
Principles criteria to project analysis, as well as
the conduct of our Socio-environmental Risk
Policy for Corporate Credit, which is based on
voluntary compliance with global initiatives
and accepted environmental standards,
policies, guidelines and procedures.
Being at the forefront of this challenge
allows us to consolidate and disseminate
our experience in socio-environmental risk
management policies. In October 2009, for
example, in partnership with the International
Finance Corporation (IFC) - the World Bank
arm for financing private investments -
and other bank members of the Steering
Committee of the Equator Principles, we
led the discussions in London as part of the
consultation and review process of the IFC’s
Performance Standard.
Financial institutions that decide to
voluntarily join the Equator Principles commit
to set and use socio-environmental criteria
when granting loans for projects whose
total value equals or exceeds US$10 million
(Project Finance operations, as defined in
Basel II), in addition to criteria established for
Performance Standards by the IFC and the
Health, Safety and Environment Guidelines
defined by the World Bank, which are
recognized worldwide.
38 Itaú Unibanco Holding S.A.