The Green Protocols popularly known as Protocol Verde were developed for public and private banks in Brazil. It is a set of voluntary guidelines developed by the Brazilian banking association, Federação Brasileira de Bancos (FEBRABAN), in alliance with the country’s Ministry of Environment and public banks. The Protocol Verde was first released in 2008 when guidelines were issued for public banks while private banks signed the protocol in 2009 (FEBRABAN 2012).