In 2014, Banco Votorantim hired Catavento to help integrate sustainability criteria into their management process.
The process started with a long-term trend analysis of the company’s business environment. This process was complemented by structured interviews with external specialists and executives of the bank.
In 2015, the bank asked for Catavento’s support to conduct a specialists panel with company executives, professors and other industry experts. The goal of the panel was to create a structured dialogue between stakeholders. During the panel, Banco Votorantim’s Executive Board of Directors had the opportunity to discuss, in an open and transparent forum, the consequences of socioenvironmental changes in relevant business sectors. The participants also analyzed how financial institutions are adapting to this new scenario and how they could contribute to their clients’ adaptation.
Simultaneously, Catavento helped the bank revise its sustainability governance model, allowing for the inclusion of socio-environmental risk evaluation and contributing to the bank’s compliance with Brazilian Central Bank and Febraban rules.