PROVA Brasil is building the first finance-grade evidence standard linking certified green building performance to bankable financial outcomes in an emerging market. Not a report — a replicable market standard.
Not a supply problem. An evidence problem. Capital that should flow into certified green buildings is stranded because the audited, asset-level proof that credit committees and investment mandates require does not exist for any emerging market.
Brazil has a USD 70B sustainable debt market. Less than USD 3.5B reaches real estate — a sector accounting for approximately 25% of national emissions. The OECD average allocation to real estate is approximately 30%. Brazil sits at under 5%.
Closing even one-third of that gap by 2032 represents a reallocation of USD 2–4 billion into certified, auditable, climate-positive real assets. PROVA Brasil builds the evidence infrastructure without which that capital cannot flow efficiently, safely, or at scale.
Built with GBC Brasil and supported by IDB Invest. Analysed across 74.7 million m², 350 municipalities, four verticals: residential, commercial office, logistics and industrial, mixed-use.
Phase 1 established the financial case at portfolio level. Phase 2 generates audited, asset-level micro-evidence from live pilot projects — the proof that credit committees and regulatory frameworks require before they can price it.
Audited micro-evidence from 10 to 15 live pilot projects. Each generates asset-level data on energy performance, carbon intensity, operational cost, credit risk indicators, and market valuation — structured for international regulatory compatibility from day one.
The enduring output. A methodology that allows any certified green building in any emerging market to generate finance-grade evidence compatible with EU Taxonomy, SFDR, and local regulatory frameworks. Comparable in structural ambition to GRESB and TCFD — a market standard that did not exist before PROVA built it.
The EU Taxonomy requires Energy Performance Certificates. Brazil has no EPC system. The consequence: European Article 9 capital cannot deploy into Brazilian green real estate — not because the assets are not green, but because the finance-grade evidence to prove it does not exist. PROVA builds the interoperability bridge.
PROVA evidence is structured from day one for compatibility with EU Taxonomy DNSH criteria. The framework is designed for mutual recognition — not alignment or subordination. The Brazilian Taxonomia Sustentável Brasileira is the domestic anchor; EU Taxonomy interoperability is the international bridge.
Article 9 funds require sustainable investment proof at asset level. PROVA generates exactly that proof — audited, certified, compatible with SFDR disclosure requirements. European fund managers with EM allocation mandates gain access to a Brazilian green real estate opportunity currently legally inaccessible.
EUR 300B in Global Gateway capital has no verified framework for green asset classification outside Europe. IDB, AFD, GCF, IFC, and EIB Advisory are the multilateral axis around which PROVA's evidence standard organises — from technical assistance to concessional lines and blended finance.
Spread compression, green credit structuring, BCB 279/22 regulatory strategy, CRI Verde instrument design, and competitive differentiation in green lending — with the audited evidence base that credit committees require.
Portfolio value capture, financial translation of ESG investment, green credit packages for lender submission, and KPI tracking that connects operational performance directly to credit committee language.
Paradigm-shift methodology, LatAm replication by design, private capital mobilisation multiplier, buildings result area, and accredited entity pathway through IDB for GCF instruments.
PROVA Brasil is the evidence infrastructure that Brazilian and European capital markets are building toward.
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