Brazil’s largest banks plan to keep offering sustainable finance products in 2026 as debate over climate funding intensifies following COP-30, according to statements given to Estadão.

The lenders say credit tied to sustainability targets and green bond issuance will remain central to their strategies as Brazil seeks to accelerate a shift towards a lower-carbon economy.

Itaú, Banco do Brasil, Bradesco, Santander and Citi Brasil indicated they expect continued demand for instruments linked to energy, transport and agriculture.

The banks said they also see room to expand investment products this year, despite uncertainty around global climate finance flows.

At Itaú, director of institutional relations and sustainability Luciana Nicola said the bank will continue to broaden its sustainable finance tools, including ESG-linked agribusiness products and debt securities such as green and sustainability-linked bonds.

“Across the board, the bank will maintain an active dialogue with clients,” she said, adding that these efforts support a goal to mobilise BRL1 trillion ($180bn) in sustainable finance by 2030.

Nicola said climate change is already affecting risk management and supply chains, arguing that “the financial sector plays a crucial role in offering instruments that enable the adoption of sustainable practices”.

Banco do Brasil said individual investors will have at least 10 ESG fund strategies by 2026. The bank said its approach is focused on “offering competitive and transparent solutions” aligned with environmental, social and governance principles.

Through BB Asset, it recently launched a fund targeting minerals such as copper, nickel and lithium, stating that “the initiative expands opportunities for investors seeking financial returns aligned with the decarbonization agenda”.