Bank's Policy
Animal Farming & Food Production
10%
Assessed policy
Extract of the policy that covers, or comes closest to covering this criterium
Our Responsible Financing Policy prohibits our financing of companies:
- involved in animal cruelty and the trade of endangered species as defined by the Convention on International Trade in Endangered Species (CITES) of Wild Fauna and Flora;
Comments on score: The policy recommends, but does not require, respect for the 5 freedoms
Assessed policy
Extract of the policy that covers, or comes closest to covering this criterium
For the animal protein sector, we recommend that our borrowers:
• put in place policies to safeguard the Five Freedoms of Animal Welfare
Comments on score: The policy recommends, but does not require, respect for the 5 freedoms
Assessed policy
Extract of the policy that covers, or comes closest to covering this criterium
We also recommend that our customers …
• adopt relevant established industry standards in respect of environmental, health and safety (EHS) guidelines such as the International Finance Corporation (IFC) Performance Standards or the World Bank Group EHS Guidelines pertaining to Agribusiness/Food Production;
• improve traceability in their supply chains by purchasing certified sustainable products;
• adopt relevant established industry standards such as those set by the Global Good Agricultural Practices and the World Organisation for Animal Health; and
• adopt best agricultural practices, including setting targets, in relation to … animal welfare.
In addition, for the animal protein sector, we recommend that our borrowers:
• put in place policies to safeguard the Five Freedoms of Animal Welfare;
• seek internationally recognised certifications with regards to quality production and responsible farming practices; and
• demonstrate commitment in enhancing disclosures and transparency on their supply chain’s sourcing standards, including their suppliers’ farming policies.
Where we deem that our customers are unable or unwilling to manage the potential adverse impact of their operations, the Bank may choose to exit the relationship.
Comments on score: The bank recognises animal welfare extensively, but only in general terms and only as a recommendation, not as mandatory.
Assessed policy
Extract of the policy that covers, or comes closest to covering this criterium
We also recommend that our customers …
• adopt relevant established industry standards in respect of environmental, health and safety (EHS) guidelines such as the International Finance Corporation (IFC) Performance Standards or the World Bank Group EHS Guidelines pertaining to Agribusiness/Food Production;
• improve traceability in their supply chains by purchasing certified sustainable products;
• adopt relevant established industry standards such as those set by the Global Good Agricultural Practices and the World Organisation for Animal Health; and
• adopt best agricultural practices, including setting targets, in relation to … animal welfare.
In addition, for the animal protein sector, we recommend that our borrowers:
• put in place policies to safeguard the Five Freedoms of Animal Welfare;
• seek internationally recognised certifications with regards to quality production and responsible farming practices; and
• demonstrate commitment in enhancing disclosures and transparency on their supply chain’s sourcing standards, including their suppliers’ farming policies.
Where we deem that our customers are unable or unwilling to manage the potential adverse impact of their operations, the Bank may choose to exit the relationship.
Comments on score: The bank recognises animal welfare extensively, but only in general terms and only as a recommendation, not as mandatory.
Assessed policy
Extract of the policy that covers, or comes closest to covering this criterium
We also recommend that our customers …
• adopt relevant established industry standards in respect of environmental, health and safety (EHS) guidelines such as the International Finance Corporation (IFC) Performance Standards or the World Bank Group EHS Guidelines pertaining to Agribusiness/Food Production;
• improve traceability in their supply chains by purchasing certified sustainable products;
• adopt relevant established industry standards such as those set by the Global Good Agricultural Practices and the World Organisation for Animal Health; and
• adopt best agricultural practices, including setting targets, in relation to … animal welfare.
In addition, for the animal protein sector, we recommend that our borrowers:
• put in place policies to safeguard the Five Freedoms of Animal Welfare;
• seek internationally recognised certifications with regards to quality production and responsible farming practices; and
• demonstrate commitment in enhancing disclosures and transparency on their supply chain’s sourcing standards, including their suppliers’ farming policies.
Where we deem that our customers are unable or unwilling to manage the potential adverse impact of their operations, the Bank may choose to exit the relationship.
Comments on score: The bank recognises animal welfare extensively, but only in general terms and only as a recommendation, not as mandatory.
Assessed policy
Extract of the policy that covers, or comes closest to covering this criterium
We also recommend that our customers …
• adopt relevant established industry standards in respect of environmental, health and safety (EHS) guidelines such as the International Finance Corporation (IFC) Performance Standards or the World Bank Group EHS Guidelines pertaining to Agribusiness/Food Production;
• improve traceability in their supply chains by purchasing certified sustainable products;
• adopt relevant established industry standards such as those set by the Global Good Agricultural Practices and the World Organisation for Animal Health; and
• adopt best agricultural practices, including setting targets, in relation to … animal welfare.
In addition, for the animal protein sector, we recommend that our borrowers:
• put in place policies to safeguard the Five Freedoms of Animal Welfare;
• seek internationally recognised certifications with regards to quality production and responsible farming practices; and
• demonstrate commitment in enhancing disclosures and transparency on their supply chain’s sourcing standards, including their suppliers’ farming policies.
Where we deem that our customers are unable or unwilling to manage the potential adverse impact of their operations, the Bank may choose to exit the relationship.
Comments on score: The bank recognises animal welfare extensively, but only in general terms and only as a recommendation, not as mandatory.
Assessed policy
Extract of the policy that covers, or comes closest to covering this criterium
We also recommend that our customers …
• adopt relevant established industry standards in respect of environmental, health and safety (EHS) guidelines such as the International Finance Corporation (IFC) Performance Standards or the World Bank Group EHS Guidelines pertaining to Agribusiness/Food Production;
• improve traceability in their supply chains by purchasing certified sustainable products;
• adopt relevant established industry standards such as those set by the Global Good Agricultural Practices and the World Organisation for Animal Health; and
• adopt best agricultural practices, including setting targets, in relation to … animal welfare.
In addition, for the animal protein sector, we recommend that our borrowers:
• put in place policies to safeguard the Five Freedoms of Animal Welfare;
• seek internationally recognised certifications with regards to quality production and responsible farming practices; and
• demonstrate commitment in enhancing disclosures and transparency on their supply chain’s sourcing standards, including their suppliers’ farming policies.
Where we deem that our customers are unable or unwilling to manage the potential adverse impact of their operations, the Bank may choose to exit the relationship.
Comments on score: The bank recognises animal welfare extensively, but only in general terms and only as a recommendation, not as mandatory.
Assessed policy
Extract of the policy that covers, or comes closest to covering this criterium
We also recommend that our customers …
• adopt relevant established industry standards in respect of environmental, health and safety (EHS) guidelines such as the International Finance Corporation (IFC) Performance Standards or the World Bank Group EHS Guidelines pertaining to Agribusiness/Food Production;
• improve traceability in their supply chains by purchasing certified sustainable products;
• adopt relevant established industry standards such as those set by the Global Good Agricultural Practices and the World Organisation for Animal Health; and
• adopt best agricultural practices, including setting targets, in relation to … animal welfare.
In addition, for the animal protein sector, we recommend that our borrowers:
• put in place policies to safeguard the Five Freedoms of Animal Welfare;
• seek internationally recognised certifications with regards to quality production and responsible farming practices; and
• demonstrate commitment in enhancing disclosures and transparency on their supply chain’s sourcing standards, including their suppliers’ farming policies.
Where we deem that our customers are unable or unwilling to manage the potential adverse impact of their operations, the Bank may choose to exit the relationship.
Assessed policy
Extract of the policy that covers, or comes closest to covering this criterium
UOB will not knowingly provide financing to companies … involved in fishing with the use of explosives or cyanide
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
We also recommend that our customers … commit to a responsible usage of hormones and antibiotics on animals and aquaculture, minimally complying with all applicable laws and regulations
Comments on score: The policy calls for responsible use of antibiotics, but this is only a recommendation.
Assessed policy
Extract of the policy that covers, or comes closest to covering this criterium
not covered
Comments on score: not covered
Animal Testing
0%
Assessed policy
Extract of the policy that covers, or comes closest to covering this criterium
Our Responsible Financing Policy prohibits our financing of companies:
- involved in animal cruelty (…)
Comments on score: The bank prohibits finance to "animal cruelty", but this is not defined.
Assessed policy
Extract of the policy that covers, or comes closest to covering this criterium
Our Responsible Financing Policy prohibits our financing of companies:
- involved in animal cruelty (…)
Comments on score: The bank prohibits finance to "animal cruelty", but this is not defined.
Assessed policy
Extract of the policy that covers, or comes closest to covering this criterium
not covered
Comments on score: not covered
Pets, Entertainment and Fashion
0%
Assessed policy
Extract of the policy that covers, or comes closest to covering this criterium
Our Responsible Financing Policy prohibits our financing of companies:
- involved in animal cruelty (…)
Comments on score: The bank prohibits finance to "animal cruelty", but this is not defined.
Assessed policy
Extract of the policy that covers, or comes closest to covering this criterium
Our Responsible Financing Policy prohibits our financing of companies:
- involved in animal cruelty and the trade of endangered species as defined by the Convention on International Trade in Endangered Species (CITES) of Wild Fauna and Flora;
Comments on score: The policy does not exclude the trade in non-protected 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
Extract of the policy that covers, or comes closest to covering this criterium
Our Responsible Financing Policy prohibits our financing of companies:
- involved in animal cruelty and the trade of endangered species as defined by the Convention on International Trade in Endangered Species (CITES) of Wild Fauna and Flora;
Comments on score: The bank prohibits finance to "animal cruelty", but this is not defined.
Governance
0%
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
Our Group Responsible Financing Policy requires our customers to commit to implement a sustainable sourcing policy and/or a process to exclude sourcing from controversial sources
Comments on score: not covered
Assessed policy
Extract of the policy that covers, or comes closest to covering this criterium
Transition Finance
Support the energy intensive, fossil fuel, brown and ‘hard-to-abate’sectors in their de-carbonisation journey.
Comments on score: The bank does have transition finance products, however, food systems and animal welfare are not mentioned