Bank's Policy
Animal Farming & Food Production
10%
Assessed policy
Extract of the policy that covers, or comes closest to covering this criterium
KBank supports financing to businesses as follows :
- Consideration of animal welfare, with acceptable standards of animal husbandry, disease prevention, labor and waste management, and community hygiene; farms must be certified with Good Agricultural Practices (GAP) by the Department of Livestock Development (DLD) or other agencies certified by DLD
Comments on score: The bank requires clients to consider animal welfare and implement certain standards, but does not yet require full protection of all five freedoms
Assessed policy
Extract of the policy that covers, or comes closest to covering this criterium
not covered
Comments on score: not covered
Assessed policy
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not covered
Comments on score: not covered
Assessed policy
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not covered
Comments on score: not covered
Assessed policy
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not covered
Comments on score: not covered
Assessed policy
Extract of the policy that covers, or comes closest to covering this criterium
not covered
Comments on score: not covered
Assessed policy
Extract of the policy that covers, or comes closest to covering this criterium
KBank does not support financing to businesses as follows :
-Abattoirs with animal cruelty
KBank supports financing to businesses as follows :
- Abattoirs’ compliance with the guidelines related to Agricultural Commodity and Food Standards on Good Manufacturing Practices for Abattoirs (ACFS 9004-2547) and other related laws
Comments on score: The bank does not finance abattoirs with animal cruelty, but it does not yet require the use of the most pain free slaughter methods
Assessed policy
Extract of the policy that covers, or comes closest to covering this criterium
not covered
Comments on score: not covered
Assessed policy
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not covered
Comments on score: not covered
Assessed policy
Extract of the policy that covers, or comes closest to covering this criterium
not covered
Comments on score: not covered
Animal Testing
17%
Assessed policy
Extract of the policy that covers, or comes closest to covering this criterium
KBank does not support businesses as follows :
- Animal-tested cosmetics, because of animal cruelty.
Comments on score: The bank does not finance animal testing for cosmetics, but does not ban all non-medical animal testing
Assessed policy
Extract of the policy that covers, or comes closest to covering this criterium
not covered
Comments on score: not covered
Assessed policy
Extract of the policy that covers, or comes closest to covering this criterium
ESG Exclusion List
Credits related to illegal activities or activities that risk violation of laws including domestic environmental laws and international agreements, for example:
-Manufacture or sale of living modified organisms (LMO): These activities may be allowed upon the granting of permission by importing countries and compliance with regulations of the Cartagena Protocol.
-Manufacturing related to activities in the fields of genetic materials and genetic engineering which do not conform with the UN Convention on Biological Diversity and Bonn Guidelines or Nagoya Protocol
Comments on score: The bank does impose restrictions on finance of genetic engineering, but it does not prohibit the financing of the genetic modifcation of animals
Pets, Entertainment and Fashion
12%
Assessed policy
Extract of the policy that covers, or comes closest to covering this criterium
not covered
Comments on score: not covered
Assessed policy
Extract of the policy that covers, or comes closest to covering this criterium
ESG Exclusion List
Credits related to illegal activities or activities that risk violation of laws including domestic environmental laws and international agreements, for example:
- Trade of wild animals and protected wildlife products under the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES)
KBank does not support financing to businesses as follows :
-Businesses related to animal hunting and trapping, foraging, charcoal production in forests, and processes of products from animal bones, horns and tusks, plus animals and plants under the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES), as they involve destruction of natural resources and the environment
Comments on score: The bank does not finance several practices related to animal trade, but does not yet prohibit all trade in wild animals
Assessed policy
Extract of the policy that covers, or comes closest to covering this criterium
not covered
Comments on score: not covered
Assessed policy
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not covered
Comments on score: not covered
Governance
12%
Assessed policy
Extract of the policy that covers, or comes closest to covering this criterium
Aquaculture, Fisheries and Fish Processing
KBank supports financing to businesses as follows :
- Environmentally friendly farm management that can be tracked through the entire supply chain.
Comments on score: The bank does require some supply chain treaceability, but this only applied to the aquaculture and Fisheries sector (not to mammals and poultry) and does not cover animal welfare issues.
Assessed policy
Extract of the policy that covers, or comes closest to covering this criterium
not covered
Comments on score: not covered
Assessed policy
Extract of the policy that covers, or comes closest to covering this criterium
not covered
Comments on score: not covered
Assessed policy
Extract of the policy that covers, or comes closest to covering this criterium
- Environmentally sustainable management of living natural resources and land use (Including environmentally sustainable agriculture, environmentally sustainable animal husbandry climate smart farm inputs such as biological crop protection or drip-irrigation, environmentally sustainable fishery and aquaculture)
Comments on score: The bank does have transition finance products, however, food systems and animal welfare are not mentioned