Media Release

Brazil Investor Statement on Green Bonds
Gains Major New Signatories
São Paulo/London 13/06/2017 17:00 GMT – Brasilprev, Zurich Brasil and Zurich-Santander have today signedthe ‘Brazil Green Bonds Statement’, joining other major Brazilian financial institutions in seeking a greener
economy and sustainable growth for Brazil. Organized by the Climate Bonds Initiative (CBI), Principles for
Responsible Investment (PRI), SITAWI Finance for Good and local investors, the Statement highlights thesignatories desire to see the growth of a strong Brazilian green bonds market, sets out actions conducive toachieving this goal and aims to foster discussion and future issuance of these bonds in the local market.
Based on a global statement signed in 2015 by international investors at the Paris COP21 UN ClimateConference, the Brazil Green Bonds Statement has been prepared with input from finance sector
stakeholders, including domestic fund managers, insurance companies and pension funds.
Zurich, one of the leading insurance companies in the world with 145 years of experience, has more than R$
3.5b assets under management in Brazil alone. It operates in Brazil since 1984.
In 2011, Zurich entered into a partnership with the Santander Group and Zurich Santander was born, a joint
venture from two of the world's largest conglomerates in the insurance and financial sectors. In thisoperation, Zurich acquired 51% of the insurance operations of Santander in Brazil, Mexico, Chile, Argentina
and Uruguay, and Santander held 49% of the holding company in Madrid. Currently, the joint venture
occupies the 3rd position of the market in the life and pension market.
Brasilprev Seguros e Previdência S.A. is one of the largest private pension companies in Brazil and has been
operating exclusively in this market for 23 years. With a portfolio of 1.98 million clients and more than R$200
billion in assets under management, the company is consistently recognized for excellence in products,
customer services, management and social initiatives.

Zurich Brasil and Zurich Santander Seguros e Previdência
“Insurance companies, as long-term investors, play a key role in the transition to a more sustainableeconomy. For us, responsible investment is an integral part of our investment philosophy, promoting positive
aspects for business, customers and the community. We see green bonds as a key instrument to collaborate
with this transformation”, says John Liu, CIO, Zurich Brasil & Zurich Santander.

Brasilprev“It’s imperative that we consider the opportunities and the risks connected to environmental, social andgovernance issues in our business. We are a company focused on long-term investments and in order to meet
our fiduciary duty we have to ponder those issues. Moreover, by signing this Statement, we act as a1

mobilizing agent for change, supporting positive practices and investments in favor of sustainable
development” says Paulo Valle, President of Brasilprev.

SITAWI Finanças do Bem“Brazilian institutional investors are signalling that a domestic bond market is pivotal to their responsible
investment allocations. With government interest rates on a downward spiral and climate challenges
becoming more urgent, issuers have the opportunity to combine green and financial yields to attract
responsible capital“, says Gustavo Pimentel, Managing Director of SITAWI.

Principles for Responsible Investment (PRI)“Support from leading industry players demonstrates the strong momentum around the green bond marketin Brazil. The Brazilian government’s commitment to reduce emissions and support sustainable initiatives willcontinue to create new business and investment opportunities,” says Fiona Reynolds, Managing Director,
Principles for Responsible Investment (PRI).

Climate Bonds Initiative“The Brazilian green bond market has developed some momentum since the Statement was launched in2016. New signatories like Brazilprev, Zurich and Zurich-Santander, signal that institutional investors support
sustainable finance and green growth directions for the Brazilian economy”, says Justine Leigh-Bell, Climate
Bonds Director of Market Development.

<ENDS>For more information on Zurich Brasil and Zurich-SantanderJohn Liu
Chief Investment Officer+55 11 3553-0550 (direct)
john.liu@zurich-santander.com.br
For more information on BrasilPrev
G&A Comunicação Corporativa
Rogério Gamarogerio@gaspar.com.br+ 55 11 3037-3219 / 3205
For more information on the PRI
Joy Frascinella
Head of PR
Joy.frascinella@unpri.org+ 44 (0) 20 3714 3143
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For more information on SITAWILuiza Coimbra
Communications Managerlcoimbra@sitawi.net+55 21 2247 1136
For more information on the Climate Bonds Initiative
Andrew Whiley,
Head of Communications & MediaClimate Bonds Initiative London+44 (0) 7914 159 838

Notes for Journalists:
About Brasilprev: Brasilprev Seguros e Previdência S.A.'s shareholders are BB Seguridade Participações, the insurance,
capitalization and private pension arm of Banco do Brasil (one of the largest banks in the country) and the Principal
Financial Group (one of the main financial institutions in the US). The company is one of the largest open pension
plans in Brazil, with R$200 billion in assets under management and a portfolio of more than 1.98 million clients.
Specialized in the sector, with accessible products and differentiated services, it is the leader in the private pension
sector, with a 50.5% participation. At the close of 2016, it obtained an adjusted net profit of R$1 billion.
Its sales strategy is focused on its main marketing channel: the branch network of Banco do Brasil.
About Zurich Brasil: Zurich insurer in Brazil adds knowledge of the Brazilian market, in which it has more than 70years of experience, to its international expertise in multichannel insurance solutions. Zurich follows a strict global
standard of conduct practiced in all its operations. It is dedicated to understanding the needs of customers and offers
solutions for individuals and companies, from SMEs to multinationals. Having Brazil in its growth strategy, anddetermined to contribute to the social and economic development of the country, aiming at the medium and longterm, the company has products and services tailored to this market.
About Zurich Santander Brasil Seguros e Previdência S.A.: Is a joint venture of the Zurich and Santander Groups, twoof the world's largest insurance and financial conglomerates. It was created in February 2011, based on a global
agreement in which Zurich acquired 51% of the insurance operations of Santander in Brazil, Mexico, Chile, Argentina
and Uruguay, and Santander retained 49% of the holding. The holding company is headquartered in Madrid, Spain.
Zurich Santander Brasil is installed in the headquarters building of Banco Santander, in São Paulo.
Currently, it occupies the 3rd position of the market in the Life and Welfare business.
About Zurich Insurance Group (Zurich): Is a leading multi-channel insurer that presents solutions to its customers andpartners locally and globally. With approximately 54,000 employees, it provides a broad range of life insurance and life
insurance products and services in more than 210 countries and territories. Zurich's clients include individuals, smalland medium-sized enterprises, as well as large companies and multinationals.
The Zurich Insurance Group Ltd (ZURN) is listed on the Six Swiss Exchange and has Level I in the American Depositary
Receipt (ZURVY) program, which is traded off the OTCQX.
For more information about Zurich, visit www.zurich.com.
About Climate Bonds Initiative: The Climate Bonds Initiative is an investor-focused not-for-profit, promoting largescale investment in the low-carbon economy. For more information, please visit www.climatebonds.net.
About the PRI – Principles for Responsible Investment: The PRI works with its international network of signatories toput the six Principles for Responsible Investment into practice. They have more than 1,600 signatories from 50
countries representing US$60 trillion of assets. In implementing the Principles, signatories contribute to developing amore sustainable global financial system. For more information, please visit www.unpri.org.

3About SITAWI – Finance for Good: SITAWI is a Brazil-based public interest social organization (OSCIP) that mobilizes
capital for positive social and environmental impact. SITAWI advises financial institutions and institutional investors toincorporate environmental, social and governance issues into strategy, product development, risk management andinvestment analysis. It is the first Brazilian organization to provide external reviews of Green Bonds.
About the Brazil Green Bonds Statement: The Statement was originally signed by six institutional investors; Banco
BTG Pactual, BB DTVM, Itaú Asset Management, Santander Asset Management, SulAmérica Investimentos and UBS
Brasil, during a launch event in São Paulo in October 2016.
About Green Bonds in Brazil: Green Bond issuance is approximately USD2,050 billion until January 2017. Moreinformation on recent green bond issuance and market development activities is here and here.
About the global statement: In December 2015, at the COP 21 in Paris, 27 institutional investors, representing USD
11.2 trillion in assets under management, signed a declaration committing to support policies that drive thedevelopment of long term, sustainable global markets in green bonds as part of climate finance solutions.
More information here.

Disclaimer: Disclaimer: The information contained in this communication does not constitute investment advice inany form and the Climate Bonds Initiative is not an investment adviser. Any reference to a financial organisation orinvestment product is for information purposes only. Links to external websites are for information purposes only.
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and no information within this communication should be taken as such, nor should any information in thiscommunication be relied upon in making any investment decision.
A decision to invest in any financial product is solely yours. The Climate Bonds Initiative accepts no liability of any kind,
for any investment any individual or organisation makes, nor for any investment made by third parties on behalf of anindividual or organisation, based in whole or in part, on any information contained within this, or other Climate Bonds
communications.

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