Second-Party Opinion Download

Use of Proceeds

Sustainalytics is of the opinion that the BTG Pactual Sustainable Financing Framework (the “Framework”) is credible and impactful and that, with respect to the bonds, notes, loans, and credit transactions defined in it, the Framework is aligned with the four components of the Green Bond Principles 2021, Social Bond Principles 2021, Green Loan Principles 2021, and Social Loan Principles 2021. The 11 eligible categories for the use of proceeds are aligned with those recognized by these principles and the provision of financing in these categories is expected to lead to positive environmental and social impacts. The use of proceeds categories in the BTG Pactual Sustainable Financing Framework are: i) Renewable Energy; ii) Electricity Networks; iii) Energy Efficiency; iv) Sustainable Water and Wastewater Management; v) Clean Transportation; vi) Green Buildings; vii) Resource Efficiency, Pollution Prevention and Control; viii) Environmentally Sustainable Management of Living Natural Resources and Land Use; ix) Affordable Housing; x) Affordable Basic Infrastructure; and xi) Micro, Small and Medium Enterprise Financing and Microfinance. 

Green, Social and Sustainable Deposits  

The BTG Pactual Sustainable Financing Framework includes deposits as an eligible financial product. Sustainalytics is of the opinion that the principles of impact and transparency that underlie the sustainable investment industry, as well as many of its norms and standards, are applicable to sustainable deposits, and that BTG’s internal processes and the use of funds aligns with those principles.