Itaú BBA and Mosaic advance in resilient agriculture program.

During COP30, Itaú BBA and Mosaic announced a partnership to expand financing for rural producers who adopt plant nutrition technologies and conservation practices aimed at reducing emissions and increasing productive efficiency. The program, which had its first disbursement in early November, initially plans to serve approximately 50 rural properties, with an estimated credit volume of R$ 250 million.

The initiative brings together the largest wholesale bank in Latin America and one of the global leaders in phosphate fertilizers. The goal is to encourage the use of Mosaic's high-tech fertilizers and bionutrition inputs in production systems that also adopt cover crops and sustainable fertilizer use during the off-season—practices considered essential for soil conservation, water retention, and increased biodiversity.

According to Itaú BBA, producers who meet the program's criteria will have special financing conditions, aligned with the bank's ESG Agro lines of credit. These options are part of the institution's strategy to support the transition to low-greenhouse-gas-emission agriculture.

"The sustainable development of Brazilian agricultural production is the premise of this union," he emphasized. Peter Fernandes (In the photo, left), Director of Agribusiness at Itaú BBA. "The partnership combines technological solutions and technical guidance to strengthen high-performance production with sustainable practices."

To Eduardo Monteiro (In the photo, right), Mosaic's country manager in Brazil, said that proper soil management will be one of the main benefits of the initiative. "Healthy soil is more resilient to climate change and can help sequester carbon. We work with scientifically effective solutions that increase productivity and are sustainable," he stated.

The project will be expanded in a second phase, which should include pastures and integrated systems. At Mosaic, actions focused on soil health and emission reduction targets are part of the company's global strategy, which develops innovations in plant and animal nutrition and works directly alongside producers.

Itaú BBA's ESG Agro lines currently include five thematic categories: Bioinputs – Commercialization, Bioinputs – Use, Certifications, Solar Energy, and Roofing. To access these lines, producers must meet socio-environmental criteria that go beyond those required in conventional operations.