Bank's Policy
Animal Farming & Food Production
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Eligible green activities: … Production of organic certified sustainable protein including plant-based proteins with evidence of life-cycle GHG emissions being lower than their meat counterparts, and production that procures raw materials from certified sustainable sources.
Comments on score: The bank includes plant-based protein in its eligible activities for sustainable finance, but its policies do not cover this issue.
Animal Testing
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Pets, Entertainment and Fashion
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Governance
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Eligible green activities
Sustainable food and agriculture
• Development of agriculture projects that do not deplete or that improve existing carbon pools, such as minimal or no use of synthetic fertiliser or pesticide use, or reduction in water use (including irrigation)
• Wildlife habitat management (including planting and expanding hedgerows), collection and use of agricultural waste or rehabilitation of degraded lands (including soil health improvements)
• Production of organic food and non-food products certified by credible third-party certifications in particular EU Organic, Rainforest Alliance, Better Cotton Initiative (BCI), Soil Association Certification organic standards and USDA Organic
• Production of organic certified sustainable protein including plant-based proteins with evidence of life-cycle GHG emissions being lower than their meat counterparts, and production that procures raw materials from certified sustainable sources.
• Research and development of lab grown proteins and alternative proteins, e.g. insects
Projects involving livestock for industrial-scale meat processors or producers and genetically modified crops are on the exclusion list for sustainable finance.
Comments on score: Animal welfare or reduction of livestock numbers are not included in the bank's transition finance.
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Eligible Transition Activities: processes and technologies that reduce methane from livestock farming (e.g., technologies to reduce livestock methane via diet supplements and additives, selective breeding for lower GHG emitting livestock, etc.
Comments on score: Animal welfare or reduction of livestock numbers are not included in the bank's transition finance.