Fomento Group Publishes Its 1st Sustainability Report: A Milestone in the Mission of the Sovereign and Green Bank

. 2025-08-06
Fomento Group Publishes Its 1st Sustainability Report: A Milestone in the Mission of the Sovereign and Green Bank
The Banco Português de Fomento (BPF) has just published its first Sustainability Report, reinforcing its commitment to positioning itself as the Green Bank of Portugal. The document demonstrates Fomento Group’s alignment with transparency, sustainability management, climate and environmental transition, and social cohesion.

The report follows, in an early and partial manner, the European Sustainability Standards of the Corporate Sustainability Reporting Directive (CSRD), providing essential information on:
  • The Fomento Group’s actions in promoting sustainable finance, including the execution and launch of ESG products with positive impacts on businesses and the environment;
  • How the Fomento Group manages sustainability, highlighting policies, processes, and performance indicators, demonstrating progress in this area.
Among the main topics featured in this report are:

  • Launch of the BPF InvestEU Guarantee Lines and the +Sustainable Tourism Support Line, through which the Portuguese Development Bank now offers 9 guarantee products with ESG objectives;
  • Ongoing support to companies through equity offerings, including programs such as the Capitalization and Resilience Fund, the Azores Business Capitalization Fund, Portugal Blue, and Portugal Ventures;
  • Approval of the Fomento Group Sustainability Principles Charter, the first document defining the Group’s strategic approach in this area;
  • Conducting the first double materiality analysis, integrating financial and impact materiality, identifying five material topics;
  • Development of the Sustainability Strategy proposal and Sustainability Master Plan, involving multiple areas to define actions for integrating ESG factors;
  • Initiation of a project to create an ESG risk management framework;
  • First measurement of greenhouse gas emissions by the Portuguese Development Bank;
  • Continuation of updates to procedures and policies for preventing and combating corruption, fraud, bribery, and money laundering.
In the joint words of the CEO and the Chairman of the Board:

"In 2024, the Portuguese Development Bank, the Sovereign Bank of Portugal, made significant strides in integrating sustainability into its offerings, operations, and governance. (...) After a year that laid the foundations for BPF in sustainability, in 2025 the Sovereign Bank begins a New Phase, with a new team in the Executive Committee and Board of Directors, combining banking experience with work with companies, service to entrepreneurs, and the promotion of value-driven investment."