Maybank

The following chart provides a snapshot of the process on the development and review of our ESG Sector Position Papers and RACs: … Global and regional sustainability standards, certifications, pledges and commitments are reviewed to explore the spectrum of criteria that can be infused into the sector’s RAC. Examples include:
– Roundtable for Sustainable Palm Oil
– Five Freedoms of Animal Welfare

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Maybank will also not finance activities that are deemed to be not in line with our core values as well as international best practices, including, but not limited to: … Production and trade in endangered animal species

Comments on score: The policy does not exclude the trade in non-endangered wild animals.

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The Maybank Supplier Code of Conduct (“SCoC”) sets an expectation on all suppliers to operate and conduct their businesses in a responsible and ethical manner; respecting the rights of people and reducing environmental impact. We aim to work with our suppliers to adopt best practices in line with our Environmental, Social and Governance (“ESG”) commitments and strategies.

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Eligible Green Activities:
• Agricultural production and/or the purchase of sustainably produced agricultural products certified under one of the following schemes: … China National Organic Standard
• Production of cultured meat powered by renewables
• Production of plant-based meat alternatives according to the following eligibility criteria
o Evidence of life-cycle GHG emissions being substantially lower than meat counterparts
o Procurement of raw materials certified under the aforementioned schemes
• R&D towards plant-based meat alternatives or cultured meat
Exclusions:
• Livestock management projects for large/industrial scale meat processors/producers (e.g., ruminants)
• Agricultural methods involving Genetically Modified Organisms

Comments on score: The bank excludes large-scale meat production from its sustainability financing and finances the transition towards organic farming, cultured meat and plant-based meat alternatives