The group said the move is tied to rules approved by its self-regulation council to foster "sustainable finance" in Brazil, the world's biggest beef exporter.
Banks that agree to participate in the scheme will be required to ask meat processors in the legal Amazon and Maranhao regions to implement a traceability and monitoring system that will allow them to demonstrate by December 2025 that their cattle purchases don't come from areas of illegal deforestation.
Companies will be required by the banks to disclose periodical cattle traceability indicators, Febraban said.
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