Summary of Itaú BBA lança cédula de produto rural reserva legal+

00:00:00 - 00:10:00

In this section, Pedro Fernandes, director of Agronegócios of Itaú BBA, discusses the bank's recent issuance of the primeira cédula de produto rural reserva legal para São Carlos. This title was created to promote conservation of the Amazon rainforest and reward producers who preserve beyond the minimum required by law. He also discusses the launch of a new product by Itaú BBA called "produto rural reserva legal+," a 1 million 400,000 Brazilian real loan for a farmer in Mato Grosso do Sul who has a commitment to sustainable agriculture. In addition, he discusses the importance of sustainable practices in the agricultural industry and Itaú BBA's increasing investments in this direction. However, he notes that these investments are not always recognized by the general public because they are not transparent enough.

• 00:00:00 In this section, Pedro Fernandes, director of Agronegócios of Itaú BBA, discusses the bank's recent issuance of the primeira cédula de produto rural reserva legal para São Carlos. This title was created to promote conservation of the Amazon rainforest and reward producers who preserve beyond the minimum required by law. The first operation of the reserva legal was approved earlier in 2021, just as news broke of a devastating drought in the Amazon legal region, including the state of Acre. Despite this, the bank recognized the positive externalities of sustainable and responsible production, and offered a lower interest rate on financing to these farmers. This was the bank's contribution to the construction of the socioenvironmental bridge between the aspirations of society and their agricultural properties. In Pedro's opinion, the CPR reserva legal issued by Itaú BBA is different from the CPR verde, also known as the CPR savanna, which was recently regulated by the government. While the CPR verde finances the maintenance of forests in order to generate credits based on carbon offsets, the CPR reserva legal finances pecuária (cattle raising) within the rules established for it. This reduces the cost of financing for farmers, making it easier to pay back.
• 00:05:00 In this section, the speaker discusses the launch of a new product by Itaú BBA aimed at supporting sustainable agriculture. The product, called "produto rural reserva legal+," is a 1 million 400,000 Brazilian real loan for a farmer in Mato Grosso do Sul who has a commitment to sustainable agriculture. The company emphasizes that the loan is a way to introduce sustainable practices to agriculture and support small and medium-sized farmers who may not have access to other financing options. The loan aims to improve the farming practices and increase access to the market for these farmers. Itaú BBA's expectation for the program is that there will be continued growth of the portfolio of sustainable agriculture operations in the future.
• 00:10:00 In this section, the speaker discusses the increasing importance of sustainable practices in the agricultural industry. He highlights the significant investments being made in this direction by Itaú BBA, such as financing for sustainable farming practices and the preservation of natural resources. However, he notes that these investments are often not recognized by the general public because they are not transparent enough. The speaker emphasizes the importance of respecting the environment and improving sustainability in Brazilian agriculture.