Como Deter o Desmatamento por Meio de Financiamento: Mapeamento Regulatório do Banco Central do Brasil

The report examines how the Central Bank of Brazil (BCB) uses financial regulation to curb deforestation, particularly in the Amazon and Cerrado biomes. It details the BCB's 'Agenda BC# Sustainability', which integrates social, environmental, and climate risks into the national financial system. A central pillar of this strategy is the reform of rural credit, where the BCB has implemented restrictions on financing for properties with illegal deforestation, lack of environmental registration (CAR), or those located in protected areas. The document also highlights the role of the 'Bureau de Crédito Rural' and the 'Sicor' system in monitoring compliance in real-time.

• The Central Bank of Brazil (BCB) has integrated sustainability into its institutional framework through the 'Agenda BC#', launched in 2020, which treats climate change and nature loss as risks to financial stability.
• The BCB has established a regulatory framework requiring financial institutions to identify, measure, and monitor social, environmental, and climate risks, including those stemming from deforestation.
• Financial institutions in Brazil are now required to implement and disclose a Social, Environmental, and Climate Responsibility Policy (PRSAC), which replaces the previous PRSA to explicitly include climate concerns.
• The BCB has implemented a phased adoption of the Task Force on Climate-related Financial Disclosures (TCFD) recommendations, starting with qualitative aspects of governance and risk management in 2021.
• Rural credit is a critical lever for conservation, as the BCB can restrict financing for farmers who fail to meet environmental criteria, such as those with cancelled or suspended Rural Environmental Registry (CAR) inscriptions.
• Specific restrictions on rural credit now block financing for properties located in conservation units, indigenous lands, quilombola communities, or those with Ibama embargoes due to illegal deforestation in any biome.
• The BCB created the 'Bureau de Crédito Rural' and utilizes the 'Sicor' system to perform real-time verification of environmental compliance before authorizing rural credit operations.
• Financial incentives, such as interest rate discounts and increased credit limits, are provided to producers whose CAR analysis is concluded and who are in compliance with the Brazilian Forest Code.
• The report notes that approximately 95% of deforestation in the Amazon and conversion in the Cerrado, including the Matopiba region, is estimated to be illegal.
• The BCB conducts climate stress tests to evaluate the sensitivity of financial institutions' credit portfolios to physical risks, such as extreme droughts (2022) and intense rainfall (2023).

APA

Stussi, M., Souza, P., & Contreras, M. F. (2024). Como Deter o Desmatamento por Meio de Financiamento: Mapeamento Regulatório do Banco Central do Brasil. Climate Policy Initiative. https://www.climatepolicyinitiative.org/wp-content/uploads/2024/07/Mapeamento-Regulatorio-BCB.pdf

Chicago

Stussi, Mariana, Priscila Souza, and Maria Fernanda Contreras. Como Deter o Desmatamento por Meio de Financiamento: Mapeamento Regulatório do Banco Central do Brasil. Climate Policy Initiative, 2024. https://www.climatepolicyinitiative.org/wp-content/uploads/2024/07/Mapeamento-Regulatorio-BCB.pdf.

Wikipedia

{{cite report |last1=Stussi |first1=Mariana |last2=Souza |first2=Priscila |last3=Contreras |first3=Maria Fernanda |title=Como Deter o Desmatamento por Meio de Financiamento: Mapeamento Regulatório do Banco Central do Brasil |publisher=Climate Policy Initiative |date=July 2024 |url=https://www.climatepolicyinitiative.org/wp-content/uploads/2024/07/Mapeamento-Regulatorio-BCB.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{stussi2024como, author = {Stussi, Mariana and Souza, Priscila and Contreras, Maria Fernanda}, title = {{Como Deter o Desmatamento por Meio de Financiamento: Mapeamento Regulatório do Banco Central do Brasil}}, institution = {Climate Policy Initiative}, year = {2024}, month = jul, url = {https://www.climatepolicyinitiative.org/wp-content/uploads/2024/07/Mapeamento-Regulatorio-BCB.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }