Banco do Brasil Foundation
Governance
BB Foundation carries out its activities according to ethical standards in its relations with the different publics and the best governance practices, acting with integrity, transparency, equity, accountability and socioenvironmental responsibility. In its 2019-2023 Five-Year Strategic Plan, ethics and integrity were stated as the basis of its values and principles.
The management of internal processes and governance are periodically assessed by Banco do Brasil's Internal Audit. The financial and accounting statements and the internal controls system are evaluated by an independent audit.
BB Foundation's performance is anchored in its Bylaws; Internal Regulations; Institutional Policies and Code of Ethics and Standards of Conduct.
Bylaws - The governing standard in which BB Foundation's purposes, the organizational structure, the competencies of the bodies and their respective members and the means by which the administrators can use to achieve the organization's objectives are defined.
Internal regulations - It contains the rules that complement and clarify the general rules contained in the Bylaws.
Code of Ethics and Standards of Conduct - They gather guidelines for the relationships with stakeholders and define the behaviors expected of BB Foundation's employees.
Institutional Policies
Policies are guidelines on conducts that the Institution must adopt in certain situations previously defined. They portray the expected behavioral pattern to deal with stakeholders, ensuring the achievement of the Organization's social purposes.
BB Foundation, in its continuous search for the best management and governance practices, revisited its Institutional Policies in 2020, being as follows:
Sustainability Policy - guides BB Foundation's behavior in relation to socioenvironmental responsibility, by carrying out actions in line with the Sustainable Development Goals (SDGs) and the best Environmental, Social and Governance (ESG) practices, in order to cooperate for a more balanced and fair society, maintaining the continuity and efficiency of its performance.
Information Security and Cybernetics Policy - guides BB Foundation in the management of information security and cybernetics, demonstrating its commitment to the protection of corporate information and other information assets.
Business Continuity Policy - guides the behavior of BB Foundation, aimed at mitigating operational risks and effectively restoring services interrupted or degraded by events of any nature.
Risk Policy - guides BB Foundation on the adoption of a risk management structure compatible with the size, the nature of the actions, the complexity of the processes and the relationships established with the different stakeholders of BB Foundation.
Strategic Partnerships and Resource Mobilization Policy - guides BB Foundation regarding strategic partnerships and resource mobilization. It defines its direction, considering specific needs and legal and regulatory aspects in order to promote, support, encourage and sponsor actions, in line with the Multiannual Strategic Plan, the Bylaws and the Internal Regulations.
Internal Controls and Compliance Policy - establishes principles and guidelines to be observed to ensure the effective management of compliance risk, and the strengthening of the Internal Controls System, according to the complexity of its processes, disseminates the culture of controls, as well as it emphasizes that the responsibility of the internal control of activities and compliance matters at BB Foundation is an assignment of all employees, at their various hierarchical levels.
Sponsorship Policy - guides BB Foundation with respect to sponsorships, defining its direction, considering the specific needs and the legal and regulatory aspects to which they are subject to, in line with the 2019-2023 Five-Year Strategic Plan.
Investment Policy - systematizes the administration of the financial resources managed by BB Foundation, in order to increase the levels of control and security of the financial management of investments, optimizing the results of investments, the fulfillment of obligations assumed and the maintenance of the Equity Fund.
In addition, in compliance with the provisions of art. 50 of Law 13.709/2018, entitled Lei Geral de Proteção de Dados Pessoais - LGPD (General Law for the Protection of Personal Data), which suggests that institutions establish good governance practices related to the treatment of personal data, BB Foundation created the Privacy and Protection of Personal Data Policy, which guides BB Foundation's performance in relation to the privacy of personal data, demonstrating the entity's commitment to the confidentiality of information and transparency regarding the treatment of personal data in custody.
BB Foundation Governance Code
In view of the lack of specific legislation on governance of third sector organizations, BB Foundation has sought to make use of the best corporate governance practices.
BB Foundation's Five-Year Strategic Plan presents five strategic objectives, as the search for strengthening the brand to boost the mobilization of new partnerships and generating value for stakeholders, as well as ensuring the best environmental, social and governance practices.
BB Foundation has been appointed as a national reference in the third sector in terms of governance and transparency. This reference is recognized, for example, by the seal 'NGO Transparency', issued by Instituto Doar.
From this context, in 2020 we elaborated the BB Foundation Governance Code. Learn more about BB Foundation's Governance Code:
https://bit.ly/3qt8Ear This initiative also materializes our commitment to best Environmental, Social and Governance (ESG) practices.
BB Foundation's Governance Code aims to highlight the governance practices to which the Institution is committed, bearing in mind the principles of transparency, accountability, equity and responsibility that guide management, as well as encouraging and influencing other non-profit organizations to adopt practices that ensure good governance.
The aforementioned Code is also a way of presenting potential partners, social investors and society, the degree of maturity achieved by BB Foundation’s governance, which positively affects its reputation and that of its Grantor, Banco do Brasil.