| Environmental and Social Responsibility
LAAD is committed
to ensure that the projects we finance meet the
environmental and social standards, laws, and
regulations in each of the countries where a project
is located. Depending on the type of project,
size, and impact, we may assess project compliance
to international environmental and social standards.
We review each project's environmental and social
impact and compliance as part of our project approval
process, and we monitor ongoing compliance during
frequent project visits and supervision. We have
a written Environmental and Social Policy, and
a dedicated Environmental Compliance Officer in
our Senior Management Team who coordinates and
oversees implementation of our Policy.
With very few exceptions, LAAD finances clients that export all or part of their products to international markets. To remain competitive in these markets our clients carry health, safety, environmental and social certification from government or independent agencies such as SENASAG (Bolivia), EuroGAP, GAP-USA, Wood Stewart Council, Fair Trade, Sello Verde (Ecuador); the Servicio Agricola y Ganadero (SAG), (Chile) Las Buenas Practicas Agricolas (GAP-USA), Euro-GAP (Europa), and the USDA and the FDA (USA). Whenever possible, we encourage our clients to seek independent certification and we may also provide financing to help fund farm improvements required to meet certification standards.
|