20 Feb 2017, in Cocoa - 9 members’ of The Council on Smallholder Agricultural Finance have applied shared social and environmental principles across their loan portfolios. This encompasses roughly $600 million to businesses providing services to 2 million smallholder farmers in Africa, Asia, and Latin America.
Members of the Council on Smallholder Agricultural Finance (CSAF) announced at their regional meeting that they have formally adopted a set of jointly developed environmental, social, and governance (ESG) principles.
CSAF members will continue to employ their own proprietary policies and evaluation tools in conducting ESG due diligence on prospective investments. In addition, beginning this year they also commit to CSAF’s social and environmental principles with respect to borrowers’ ESG practices, including:
Formally launched in 2014, CSAF provides a forum for agricultural lenders to convene on a pre-competitive basis and exchange learning, identify best practices, and develop industry standards around responsible lending practices. Members include: Alterfin, Global Partnerships, Incofin Investment Management, Oikocredit, Rabobank, responsAbility Investments AG, Root Capital, Shared Interest Society, and Triodos Investment Management.
For more information check http://www.csaf.net/