Bradesco and Ecogreen Launch Ecora, Brazil's New Carbon-Credit Certifier, With BNDES as Minority Investor

Overview

• Ecora was unveiled in Belém during COP30 by Bradesco and Ecogreen, with BNDES confirming a minority stake and Aecom joining as a partner.
• Ownership shares and the total investment were not disclosed, and Bradesco said two additional private partners are being negotiated before announcing capital.
• Bradesco CEO Marcelo Noronha said operations are planned for mid‑2026 with an initial focus on serving the voluntary carbon market.
• BNDES said the governance will follow international standards, including a scientific board, and the methodologies will be tailored to Brazilian biomes to ensure high‑integrity credits.
• The partners positioned Ecora to interoperate with Brazil’s future SBCE market, which BNDES estimates will take at least five years to develop, responding to credibility concerns raised about existing certifiers such as Verra.