Our commitment to ethics is expressed in our Values Statement and in our Code of Ethics, which is applicable to all people who interact with the BNDES System, including customers, suppliers and financial institutions accredited to transfer BNDES’ funds.
For BNDES, compliance is the duty to comply with current regulations, according to highest ethical standards, and it has two key dimensions: conformity and integrity. In short, compliance is about being adherent to external and internal standards, while integrity is to act based on values, ethical principles and prevention of illegal practices, which in turn encompasses two aspects. On the one hand, the fight against fraud, focused on preventing, detecting and remedying deviations, irregularities and illegal acts committed against the institution or against third parties, including corruption, misappropriation of assets and fraudulent financial statements. On the other hand, the prevention of money laundering and the financing of terrorism (PLDFT).
Supporting the construction of ethical and integral environment, we also have a unit dedicated to disseminating the culture of compliance at BNDES, promoting communication and training actions on the topic, both for internal and external audiences.
The Ethics Committee is the unit responsible for investigating, through complaints or ex officio, possible conducts that are in disagreement with our Code of Ethics, applying the consequent preventive and punitive measures, if necessary.
The Internal Affairs Division, which is part of the Internal Affairs System, is responsible for preventing, detecting, investigating and correcting irregularities related to the activities of legal entities that are part of the BNDES System and that may constitute a disciplinary infraction (including an act of administrative impropriety), an illicit enrichment, a harmful act against a legal entity that is part of BNDES System and/or a criminal offense. Acts committed by individuals or legal entities that maintain or have maintained a relationship of any nature with a legal entity that is part of BNDES System may be subject to investigation, in compliance with the provisions of internal regulations. It is worth noting that this system is part of BNDES Integrity Program.
See the main documents:
Ethics and Integrity Guidelines for Relationship with BNDES (Available in Portuguese Only)
Last update: September 6, 2024