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Fortune
Fortune
Tarciana Medeiros

Banco do Brasil CEO: ‘Brazil is responsible for half of the Amazon rainforest. Here’s how we’re finding the money to save it’

(Credit: Courtesy of Banco do Brasil)

Protecting the Amazon is pivotal in the global fight against rising temperatures. As the first Black woman to lead the second-largest bank in Latin America in over two centuries, I firmly believe that financial institutions play a crucial role in transitioning to a low-carbon economy. To counter deforestation, we must create sustainable economic opportunities for the Amazon's inhabitants.

As leaders converge in New York for the 78th session of the UN General Assembly, we have a vital opportunity to come together and assess the strategies employed by governments, investors, and companies. We must prevent the Amazon from reaching a point of no return. Scientists warn that 26% of the Amazon has already undergone severe degradation, rendering forest rehabilitation an immense challenge.

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