Banco da Amazônia Announces Mobilization of R$4 Billion in Sustainable Investments for the Biome at COP30

The institution will provide an initial R$500 million to attract private capital. The funds aim to boost the bioeconomy and green infrastructure

By Banco da Amazônia

“Vamos começar um roadshow logo após a COP com três fundos, voltado aos entes privados, para que a gente capte recursos, visando completar R$4 bilhões e aplicá-los na região”, explicou Luiz Lessa, CEO do Banco da Amazônia.

“We will begin a roadshow right after the COP with three funds aimed at private entities so that we can raise the resources needed to reach R$4 billion and deploy them in the region,” said Luiz Lessa, CEO of Banco da Amazônia.

The financial initiative aligns with the spirit of the conference in Belém. Defined as the “COP of implementation,” the negotiations in the Pará capital have placed financing at the center of discussions, with the goal of scaling up actions to confront climate change and its impacts.

Banco da Amazônia is actively participating in discussions in both the Blue and Green Zones of the conference, contributing its expertise and presenting studies, programs, and projects that can be replicated and expanded. The institution is responsible for financing 60% of development support in the region.

Governance

In the Green Zone, Banco da Amazônia hosted a discussion at its pavilion on investment practices that integrate environmental, social, and governance (ESG) criteria into financial decision-making—essentially, the foundation of sustainable finance—during the panel “Public Governance as a Path to Economic and Social Development.”

The debate began with a persistent challenge: how to ensure that funds earmarked for the Amazon are truly used for sustainable development, in a transparent and auditable manner. On the occasion, Augusto Nardes, former president and current minister of Brazil’s Federal Court of Accounts (TCU), argued that strong governance mechanisms are essential.

“Governance means directing, evaluating, and monitoring. For instance, when we look at public banks, risk assessment is crucial to ensure that the money belonging to the Brazilian people is well applied,” Nardes said.

The bank’s pavilion also hosted discussions on the adoption of IFRS S1 (General Sustainability) and IFRS S2 (Climate-Related Risks) standards in investment analysis, as well as disclosure rules that establish a universal language for companies and banks reporting their risks and environmental, social, and climate-related practices.

Learn more about Banco da Amazônia’s activities at COP30 here.

Translation: Tadeu Azevedo (POET/UFC)
Proofreading: Michel Emmanuel Félix François (POET/UFC)