Santander carries out 1st green loan in Espírito Santo

Bank released R$ 2 million for Brametal to build an effluent treatment plant
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23-02-22-canal-solar-Santander realiza 1º empréstimo verde no Espírito Santo
General plan of the metal structures manufacturer Brametal. Photo: publicity

A Brametal received a loan of R$ 2 million from Santander Brasil to build an ETE (wastewater treatment plant) in Linhares, Espírito Santo. The project will benefit 5,400 inhabitants.

This is the first green credit operation granted in the state by the bank. When the work is completed, in mid-2022, the ETE will be donated to the municipality's SAAE (Autonomous Water and Sewage Service).

The station will have the capacity to treat 10 liters per second and will serve the public interest of a portion of Linhares residents, especially those who live in the Rio Quartel region, which does not yet have this type of sanitary access.

“Companies are looking very closely at ESG principles. In this case, in addition to the environmental issue, the social impact stands out, as the construction of this ETE can represent a significant improvement in the health of the population”, said Carolina Learth, responsible for the Sustainability area at Santander Brasil.

“SAAE was looking for partners in the private sector who could, in an efficient and economical way, actively contribute to social development and support environmental preservation projects, something fully aligned with our strategy in the Espírito Santo region”, highlighted Marcos Bercht, industrial director at Brametal.

Santander's sustainable actions

In 2021, Santander enabled more than R$ 51 billion in sustainable businesses – which include renewable energy operations, low-carbon agriculture and green bond issuance, for example.

In fact, according to research carried out by Greener, a consultancy specializing in the photovoltaic sector, the bank appears in second place among the most cited for financing photovoltaic solar projects.

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In first place is BV (43%), followed by Santander (36%), Sicredi (24%), Solfácil (23%), Banco do Brasil (22%), Sicoob (20%), Bradesco (10%), BNB (7%) and the other institutions (14%). 

“Cases of cash payments have decreased over the years, giving way precisely to bank financing”, pointed out Greener.

Picture of Mateus Badra
Mateus Badra
Journalist graduated from PUC-Campinas. He worked as a producer, reporter and presenter on TV Bandeirantes and Metro Jornal. Has been following the Brazilian electricity sector since 2020.

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