Company: BBD
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001292814-25-001244
Chunk: 69

Company: BANK BRADESCO
Filing Date: 2025-03-31
Form: 20-F
Item: Item 3
Chunk 69
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 the event of data leakages as a result of non-compliance with the terms and conditions of the law, however, any failure to protect personal information could impact our operating results, financial condition and reputation. Although we have procedures and controls to safeguard personal information in our possession, unauthorized disclosures or security breaches could subject us to legal action and administrative sanctions as well as damage that could materially and adversely affect our operating results, financial condition, prospects and reputation. In addition, we may be required to report to the regulatory authorities material events related to cybersecurity issues, events where client information may be compromised, incidents of unauthorized access and other security breaches.

29 – Form 20-F 2024 | Bradesco
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In 2022 and 2023, we experienced two significant security incidents exclusively involving our subsidiary Banco Bradesco Financiamentos and Bradesco Securities, Inc. - New York branch. In both cases, we took measures to resolve the incidents and sent adequate communications to the affected people and competent authorities. In 2024, we did not experience any significant incident.
 Any future failure to adequately protect ourselves against risks relating to cybersecurity could materially and adversely affect us.
 3.D.20.10 Social, environmental and climate risks
 This is represented by the potential damage that we may cause to society, the environment and the climate, or suffer as a consequence of these factors. These risks, when associated with financial institutions are mostly indirect and stem from business relationships, including those with the supply chain and with clients, through financing and investment activities. As defined in Article 38-C of CMN Resolution No. 4,557/17, social risks include the violation of rights, fundamental guarantees or acts harmful to the common interest, such as slave labor and child labor, environmental risks cover degradation of the environment and excessive use of natural resources. Climate risks refer to potential losses caused by events associated with frequent severe weather conditions or long-term weather changes, which may be related to climate change (physical risks). In response to the increase in these risks, socioeconomic changes must happen which may result in losses associated with the transition to a low-carbon economy. This transition involves reducing or offsetting greenhouse gas emissions and preserving natural carbon capture mechanisms (transition risks).
 
3.D.20.10-01 We provide financings for projects carried out by clients which may result in negative socio-environmental impacts which, in turn, could negatively affect our operating results and reputation.
 Across several sectors, we promote and finance projects, which may significantly affect