The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Achievement in CSR Award: Itaú Unibanco

csr 2015

Back to winners table


Itaú Unibanco is one of the largest financial institutions in Latin America. Headquartered in Brazil, it is here that some of the bank’s most striking CSR work is being done.

In 2014 the Central Bank of Brazil issued resolution 4327. This decreed for the first time that banks and all other firms governed by the bank must put in place social and environmental responsibility policies.

“It’s a very interesting development here in Brazil, we want full transparency on these matters,” says Denise Hills, head of sustainability at Itaú Unibanco. “This had more impact on small and mid-sized banks who were not prepared. But it has influenced the whole market; for clients it’s not the case that is nice to have a focus on this area anymore, it’s a must have.”

Itaú Asset Management signed the Principles for Responsible Investment in 2008. Since then, the bank has developed action strategies to study impacts for investors, as well as supporting signatories to incorporate these issues into decision-making. The bank developed a methodology to integrate environmental, social and corporate governance in the valuation process of companies that belong to equity funds.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree