Bank's Policy
Animal Farming & Food Production
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Additionally, restrictive and preventive measures are adopted for lines of credit/loan activities, subscription of fixed income products and financing of projects (new or expansion of existing projects) for activities of: … ocean trawling with nets greater than 2.5 km in length … and any customers who have infractions related to illegal deforestation and who operate in the sectors of agricultural crops, slaughterhouses, cold chambers and forestry production. It applies, at first, to customers involved in the use of slave-like labor, child labor or sexual exploitation.
Comments on score: While several animal protein producing sectors are on the list of activities subject to enhanced ESG assessments, there is no mention of animal welfare as an issue of concern.
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Additionally, restrictive guidelines are applied for the granting of credit to individuals and legal entities that operate in the activities of (…) trawling in the oceans with networks longer than 2.5 km in length, and activities for raising cattle, cold chambers, slaughterhouses (…)
Comments on score: While several animal protein producing sectors are on the list of activities subject to enhanced ESG assessments, there is no mention of animal welfare as an issue of concern.
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Animal Testing
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Pets, Entertainment and Fashion
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Governance
12%
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Integrated Crop-Livestock-Forest Systems (ICLFS). Bradesco is the only bank participating in the ICLFS Network, comprised of Embrapa and companies in the agribusiness chain. The Network is designed to accelerate the adoption of ICLFS by farmers in Brazil. This productive system is meant to make agricultural, livestock and forestry production compatible in the same area.
Comments on score: ILPF systems can enhance the welfare of cattle, but this is not the main goal of the systems. Bradesco does not have other credit lines to support the transition of higher animal welfare food production systems.