The president of Itaú Unibanco, Candido Bracher, in an interview with Estadão, stated that it is necessary to discuss land regularization, with incentive plans for landowners who keep their trees standing. “We are going to put together a plan to discourage the consumption of cattle raised in illegal areas. We are not going to finance this chain, if (the companies) are in these conditions.”
One of the environmental priorities of Brazil’s main private banks (Itaú, Bradesco and Santander) is to prevent agricultural activities from contributing to deforestation in the Amazon. According to Bracher, there is a lack of quality public policies regarding the Amazon. “Clearly, the government’s environmental policy regarding the Amazon is not working. We need to help, and the government needs to act more efficiently. This pandemic has shown banks the potential of joint action for good (general). The environmental issue concerns the three banks. We are all exposed to international pressures, as we talk to foreign investors and feel the world's concerns,” he said.
