Behind the Dams: BNDES Investments in Belo Monte and Hidroituango
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To change, one must understand. To understand, discuss. And to discuss, we present this report. In it, we analyze the application of existing international standards for hydroelectric plants through the lens of two of the most significant investments in the history of the BNDES: Hidroituango and Belo Monte.
The analysis reveals evidence and offers conclusions and recommendations to the Bank, as well as to the organizations and communities involved. They are concrete elements to help improve the future performance of the financial institution.
We hope that these contributions strengthen the dialogue with the BNDES, and facilitate the identification of options toward greater compliance with the values the bank has adopted, particularly those of transparency and social and environmental responsibility.