Agriculture is one of the most important sectors globally. Not only is it responsible for food security, but agricultural products are also important raw materials for a wide range of sectors. However, the continuous growth of the agricultural sector also poses environmental, social and ethical risks, such as deforestation, water scarcity, soil depletion, land disputes and below-standard working conditions.
As a financial services provider, ABN AMRO needs to be aware of the risks associated with clients’ operations in agri commodities and manage those risks through proper due diligence and client engagement. The purpose of our Sustainability Sector Policy for Agri Commodities (PDF 509 KB) is to set sustainability standards for ABN AMRO’s clients in the agricultural industry and for specific agri commodities.
The policy distinguishes between generic agri commodities, including corn, wheat, rice, fruit and fruit juices, tea and animal proteins, and a specific group of agri commodities with an increased sustainability risk profile. These are:
- Palm oil
- Forest commodities (including pulp, paper and rubber)