Model Screening Process for Credit Services (Palm oil)
Upcoming SlideShare
Loading in...5
×
 

Model Screening Process for Credit Services (Palm oil)

on

  • 1,753 views

7 steps to screen clients seeking credit or related services for compliance with a sustainable palm oil policy

7 steps to screen clients seeking credit or related services for compliance with a sustainable palm oil policy

(extracted from the WWF Palm Oil Financing Handbook)

Statistics

Views

Total Views
1,753
Views on SlideShare
1,717
Embed Views
36

Actions

Likes
0
Downloads
13
Comments
0

3 Embeds 36

http://wwf.panda.org 32
http://www.panda.org 3
https://pad.panda.org 1

Accessibility

Upload Details

Uploaded via as Microsoft PowerPoint

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

Model Screening Process for Credit Services (Palm oil) Model Screening Process for Credit Services (Palm oil) Presentation Transcript

  • Model screening process 7 steps to screen clients seeking credit or related services for compliance with a sustainable palm oil policy (extracted from the WWF Palm Oil Financing Handbook)
  • Step 1
    • Bank informs the company about the bank’s palm oil policy, decides whether to invoke this screening process
    • Bank requests the company to start the process by completing a questionnaire
  • Step 2 For upstream operations Bank reviews production units and classifies each unit as: (a) RSPO-certified; (b) In-progress to compliance with RSPO criteria; (c) Not RSPO-certified and not progressing; (d) Not yet assessed for compliance with RSPO criteria. For new/expanded upstream operations: Bank reviews the plans for these mills or plantations For downstream operations: Bank reviews the palm oil procurement polices and practices of these operations View slide
  • Step 3
    • Bank sets conditions of engagement with the company, as appropriate, to ensure:
    • Compliance with RSPO criteria across all upstream production units;
    • Compliance with RSPO criteria is built into the planning processes for new production units, and/or
    • The company progressively increases the proportion of RSPO-certified palm oil entering its supply chains
    View slide
  • Step 4
    • Bank and company schedule the steps to be taken to satisfy the preconditions and complete the screening process
    • If company accepts conditions and timetable, continue…
  • Step 5
    • Pre-financing actions implemented
    • If pre-financing actions implemented, continue…
  • Step 6
    • Bank approves financing, finalizes sustainability covenants and works with company to schedule company actions to meet the covenants and bank actions to monitor compliance
  • Step 7
    • Bank monitors the company’s compliance with sustainability covenants