TAKE ACTION
How can financial institutions influence animal welfare?
Financial institutions should, and have the responsibility to, incorporate animal welfare into their policies and procedures.
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Animal welfare should be incorporated into:
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Financing decisions, analysis, policies and procedures
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Due diligence and investment agreements
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Active ownership and engagement tactics
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Luckily, we are here to help.
The bottom line
1
Animal welfare is a material ESG and sustainability topic
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Poor animal welfare is becoming increasingly unacceptable for consumers and companies
3
Poor welfare standards lead to material risk and return implications
References to animal welfare
Financial institutions and reporting standards around the world include animal welfare in their sustainability policies, ESG policies or general standards.
The wording varies from institution to institution, and we aren’t necessarily recommending the wording used within these examples because the inclusion of animal welfare within policies should go beyond a brief mention. Some of these examples are not perfect, but they represent meaningful progress.
Steps to take action
internal buy-in
Having internal buy-in about the inclusion of animal welfare within policies, practices and procedures is the first step. Identify key personnel to lead this effort internally.
CONTACT THE FARMS INITIATIVE
The FARMS Initiative team will meet with you and discuss a customized solution based on each institution's needs.
GET STARTED!
It's time to start improving your policies, practices, and procedures as they relate to animal welfare! Doing so will help you mitigate risk and enhance return.
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We will help you determine next steps and support implementation.