Environmental and Social Action Plan Banco Do Brazil S.A. will implement the Brazil Climate Finance Project (the Project) with the support of the the International Bank for Reconstruction and Development (the Bank), pursuant to a Loan Agreement to be entered into by Banco Do Brazil S.A. and the Bank. This Environmental and Social Action Plan (ESAP), dated October 10, 2022, sets out actions that Banco Do Brasil S.A. shall carry out or cause to be carried out, in accordance with the Performance Standards, during the implementation of the Project. The ESAP may be amended from time to time with prior written agreement of the Bank. Action Anticipated Completion Date PS1 Assessment and Management of Environmental and Social Risks and Impacts 1 Environmental and Social Risk Management: No later than 30 days after the Effective Date of the Banco do Brasil S.A. (BB) shall ensure compliance with the Project- Loan Agreement and specific Exclusion List set forth in the Loan Agreement and develop a thereafter throughout Project-specific Environmental and Social Management Manual Project implementation (ESMM) based on a) its existing Environmental and Social Management System (ESMS), b) the Project-specific Exclusion List, and c) the requirements of the ESAP. This Manual shall set the Project-specific E&S criteria to validate the eligible expenditures submitted for reimbursement, in line with the Loan Agreement. 2 Environmental and Social Risk Management: As part of the environmental and social BB shall ensure that all Eligible Companies supported by the Project risk assessment of the that engage in operations with moderate to substantial social or proposed Eligible environmental risks are operated in a manner consistent with the Companies and throughout Performance Standards and shall submit the first five proposals Project implementation. submitted by Eligible Companies to prior review and no-objection The first five proposals shall by the Bank. be submitted to the Bank before approving the respective Sub-loan. 3 Throughout Project Due Diligence: implementation. BB shall facilitate the Bank periodically reviews a sample of Project- beneficiary Eligible Companies with a Socio-Environmental Rating classified as D, E and F (according to BB`s classification system). Bank implementation support may include visits to the BB, as well as to selected Eligible Companies. 4 Notify the Bank within 48 Incidents and Accidents hours after learning of the BB shall immediately notify the Bank of any environmental and incidents/accidents. social accidents/incidents, including, inter alia, cases of sexual Provide a subsequent exploitation and abuse, sexual harassment, fatalities or serious report within a timeframe workplace related injuries, child labor, forced labor, in accordance acceptable to the Bank as with the ESMM and ESMS, which have, or are likely to have, requested. significant adverse effect on the environment, the affected communities, the public or workers and shall – as requested by the Bank – provide a subsequent report with sufficient details regarding the incident or accident, and indicating immediate measures taken or that are planned to be taken to address it and prevent its recurrence, as appropriate. 5 No later than after 30 days Disclosure of Information: of the Effective Date of the BB shall disclose and permit, in writing, the Bank to disclose at the Loan Agreement and Bank’s external website the ESMM. thereafter throughout Project implementation BB shall also disclose – through its website – relevant information on the Project and the supported Sub-loans and keep a channel to collect feedback from citizens and stakeholders on environmental and social issues associated with the operation of Eligible Companies supported by the Project. 6 No later than 30 days after Stakeholder Engagement the Effective Date of the BB shall require the Eligible Companies operating in sectors with Loan Agreement and environmental and social risks rated medium and high that are thereafter throughout implementing Sub-loans to keep open relationship channels with Project implementation neighboring communities. 7 Grievance Mechanism: No later than 30 days after the Effective Date and BB shall disclose information on and operate a Grievance thereafter throughout Mechanism to facilitate in a timely manner resolution of concerns Project implementation and grievances related to the Project and raised by Project stakeholders and other citizens. 8 Biannually no later than Reporting [forty-five (45)] days after BB shall furnish to the Bank, throughout implementation, a biannual the end of each [calendar] environmental and social performance report (“ESPR”) and shall semester. certify – through the ESPRs – that each beneficiary Eligible Company is in compliance with: Brazilian national law, BB’s specific policies and “Guidelines” as set out in the ESMS and the requirements of Performance Standards. PS 2 Labor and Working Conditions 9 Due diligence and reporting Report through the ESPRs to be prepared under action 8. Ensure through the ESMS that each beneficiary Eligible Company is in compliance with Brazilian national law, BB’s ESMS and the requirements of this PS. PS 3 Resource Efficiency and Pollution Prevention 10 Due diligence and reporting Report through the ESPRs to be prepared under action 8. Ensure through the ESMS that each beneficiary Eligible Company is in compliance with Brazilian national law, BB’s specific policies and “Guidelines” and the requirements of this PS. As part of the Component 1 of the Project, investments’ greenhouse gas emission performance shall be regularly evaluated by accredited third parties under Bank loan supervision protocols. PS 4 Community Health, Safety and Security 11 Due diligence and reporting Report through the ESPRs to be prepared under action 8. Ensure through the ESMS management that each beneficiary Eligible Company is in compliance with Brazilian national law, BB’s specific policies and “Guidelines” and the requirements of this PS. PS 5 Land Acquisition and Involuntary Resettlement 12 Due diligence and reporting Throughout project implementation Ensure through the ESMS that the Project does not support Companies that have been involved in their operations with activities that lead to forced eviction or significant involuntary resettlement resulting from the types of land-related transactions defined by paragraph 5 of PS 5 Land Acquisition and Involuntary Resettlement. PS 6 Biodiversity Conservation and Sustainable Management of Living Natural Resources 13 Due diligence and reporting Report through the ESPRs to be prepared under action 8. Ensure through the ESMS management that each beneficiary Eligible Company is in compliance with Brazilian national law, BB’s specific policies and “Guidelines” and the requirements of this PS. PS 7 Indigenous Peoples 14 Due diligence and reporting Report through the ESPRs to be prepared under action 8. Ensure through the ESMS management that each beneficiary Eligible Company is in compliance with Brazilian national law, BB’s specific policies and “Guidelines” and the requirements of this PS. PS 8 Cultural Heritage 15 Due diligence and reporting BiaReport through the ESPRs to be prepared under action 8. Ensure through the ESMS management that each beneficiary Eligible Company is in compliance with Brazilian national law, BB’s specific policies and “Guidelines” and the requirements of this PS.