Bank's Policy
Animal Farming & Food Production
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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
0%
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Governance
12%
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ESG Managament and Engagement:
Bradesco is the only bank member of the ILPF (Integration of Crop-Livestock-Forest) network, formed by Embrapa and companies in the agribusiness chain. (…) This productive system seeks to make agricultural, livestock and forestry production compatible in the same area. This would generate for our customers greater productive diversification, additional revenues and less pressure for expansion. For the environment, it would generate lower levels of soil degradation, in addition to mitigating the generation of carbon in production.
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.