SÃO PAULO, April 13,
2022 /PRNewswire/ -- Itaú Unibanco Holding S.A.
announces to its stockholders and the market in general that it has
raised R$1 billion in green
instrument denominated Letras Financeiras Verde in the local
market with the Finance Corporation (IFC), member of the World Bank
Group. It is Itaú's first Letra Financeira Verde issuance
and the first time IFC uses this instrument in Brazil.
The funds will be used to support the financing of electric,
hybrid and multifuel vehicles, aiming at fostering the low-carbon
economy and boosting the segment of low-GHG-emission vehicles in
Brazil.
This funding strengthens Itaú's commitment to supporting the
climate transition of its clients and promoting a more sustainable
economy. From August 2019 to
December 2021, R$ 170 billion was allocated in funding for
positive impact sectors, ESG products and operations. The goal is
to reach R$ 400 billion by 2025.
At the end of 2021, Itaú signed up to the Net-Zero Banking
Alliance (NZBA), a global agreement led by the United Nations (UN),
through which it commits to reduce its emissions by 50% by 2030 and
to become carbon neutral by 2050.
São Paulo (SP), April 13,
2022.
RENATO LULIA JACOB
Group Head of Investor Relations and Market Intelligence
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SOURCE Itaú Unibanco Holding S.A.