Crédit Agricole

"Alongside their economic importance, forests have a high ecological importance (in particular for climate change mitigation and biodiversity conservation) and social importance (livelihoods of indigenous people, sacred sites). In a context of increasing pressure on forest resources, it appears crucial that timber harvesting and palm oil production are managed in a responsible manner in order to minimize deforestation and loss of biodiversity and to respect the rights of affected populations."

“The Policy applies from the date it is published. Are excluded pre-existing activities in this sector, including commitments already made or business opportunities which are already at an advanced stage of negotiation. The Policy will be reviewed from time to time.”

"Where the transaction is directly linked to the development, expansion, operation and/or the acquisition of an asset covered by the Policy, the project will be assessed against all the analysis criteria above and the Bank will seek to determine if an exclusion criterion exists. If an exclusion situation is identified or if the outcome of the general assessment is negative, the Bank will not participate in the transaction. Any potential exception will be dealt with in accordance with section 8 below. Where the transaction is an advisory mandate, the Bank will seek to promote the principles included in this Policy. The Bank will not enter into an advisory mandate when aware at the date of the mandate that the envisaged project definitely exhibits an exclusion criterion. When considering financing a project for which the Bank has acted as financial advisor, it shall only do so in compliance with the Policy, including in respect of the exclusion criteria.”