MP nº 1150/2022 texto aprovado no Senado impacta alinhamento do crédito rural com combate ao desmatamento

This briefing by the Climate Policy Initiative (CPI) analyzes how amendments to Provisional Measure (MP) nº 1150/2022, approved by the Brazilian Senate on May 16, 2023, could undermine the alignment of the financial system with sustainability and the fight against deforestation. The document argues that the proposed text restricts the ability of financial institutions to deny credit based on environmental law violations and mandates reliance on official government data, which may be unreliable or outdated compared to scientific tools like MapBiomas.

• The Senate's approved text of MP nº 1150/2022 introduces amendments to the Forest Code that could prevent financial institutions from denying credit to rural properties, even if they violate the Forest Code or the Environmental Crimes Law (Law nº 9.605/1998), provided the owner has signed a commitment term under the Environmental Regularization Program (PRA).
• The proposed legislation requires financial institutions to base credit decisions exclusively on information from official bodies, which the CPI argues is problematic due to operational failures in the National Rural Environmental Registry (SICAR), such as system instability and synchronization delays between state databases.
• The mandate to use only official data threatens the use of high-precision scientific tools like MapBiomas, which BNDES has used to monitor deforestation. Between February 9, 2023, and May 10, 2023, BNDES blocked 67 rural credit operations totaling R$ 29 million (0.78% of total requests) due to indications of illegal deforestation identified via MapBiomas.
• The Brazilian financial system has recently moved toward sustainability through several initiatives: the Central Bank of Brazil's (BCB) 2020 'BC# Sustentabilidade' agenda, the NGFS membership in 2022, and BNDES's February 2023 prohibition of rural credit for properties with identified illegal deforestation.
• Regulatory advances since 2008 have increasingly linked agricultural financing to environmental protection, including the 2008 requirement for environmental regularity in the Amazon Biome and a 2020 CMN resolution that increased credit limits by 10% for properties with compliant CAR analysis.
• Private financial institutions are also adopting sustainability criteria; for example, Rabobank's Social, Environmental and Climate Responsibility Policy explicitly states it does not finance producers who deforest in Brazil, regardless of whether the deforestation is legal or illegal.

APA

Climate Policy Initiative (2023). MP nº 1150/2022 texto aprovado no Senado impacta alinhamento do crédito rural com combate ao desmatamento. https://www.climatepolicyinitiative.org/pt-br/publication/mp-no-1150-2022-texto-aprovado-no-senado-impacta-alinhamento-do-credito-rural-com-combate-ao-desmatamento/

Chicago

Climate Policy Initiative. MP nº 1150/2022 texto aprovado no Senado impacta alinhamento do crédito rural com combate ao desmatamento. 2023. https://www.climatepolicyinitiative.org/pt-br/publication/mp-no-1150-2022-texto-aprovado-no-senado-impacta-alinhamento-do-credito-rural-com-combate-ao-desmatamento/.

Wikipedia

{{cite report |author=Climate Policy Initiative |title=MP nº 1150/2022 texto aprovado no Senado impacta alinhamento do crédito rural com combate ao desmatamento |date=24 May 2023 |url=https://www.climatepolicyinitiative.org/pt-br/publication/mp-no-1150-2022-texto-aprovado-no-senado-impacta-alinhamento-do-credito-rural-com-combate-ao-desmatamento/ |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatepolicyinitiative202311502022, author = {{Climate Policy Initiative}}, title = {{MP nº 1150/2022 texto aprovado no Senado impacta alinhamento do crédito rural com combate ao desmatamento}}, institution = {Climate Policy Initiative}, year = {2023}, month = may, url = {https://www.climatepolicyinitiative.org/pt-br/publication/mp-no-1150-2022-texto-aprovado-no-senado-impacta-alinhamento-do-credito-rural-com-combate-ao-desmatamento/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }