Brazilian banks are being asked to meet minimum information requirements to help combat illegal deforestation when offering credit lines to meat processors, the Brazilian Federation of Banks (Febraban) said on Tuesday.
The group said the move is tied to rules approved by its self-regulation council to foster "sustainable finance" in Brazil, the world's biggest beef exporter.
Banks that agree to participate in the scheme will be required to ask meat processors in the legal Amazon and Maranhao regions to implement a traceability and monitoring system that will allow them to demonstrate by December 2025 that their cattle purchases don't come from areas of illegal deforestation.
Companies will be required by the banks to disclose periodical cattle traceability indicators, Febraban said.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
India RBI chief flags governance gaps, stressed assets misreporting at some banksThe Reserve Bank of India has come across instances of some banks trying to conceal the real status of their stressed assets while governance gaps have also been noticed at certain lenders, its governor said on Monday.
Les mer »
Binance considers allowing traders to secure collateral at banks: ReportThe move aims to address the concerns of institutional digital-asset traders who lost a lot of money during the collapse of FTX.
Les mer »
Ruck and Roll connects veterans with Brazilian jiu-jitsu to raise funds, remember the fallenThe McHugh Jiu-Jitsu School in Marlton, NJ, in partnership with the We Defy Foundation, holds the two-part event to honor the fallen and raise funds to help combat veterans.
Les mer »
Chase Stokes Net Worth: How He Went From Having -$36 in His Bank to Being Cast in ‘Outer Banks’He was sent an eviction notice the same day of his 'Outer Banks' audition.
Les mer »
Memorial Day 2023: What’s open, what’s closed on Monday? UPS, FedEx, banks, mail delivery, stock markets, grocery stores, restaurantsDoes the mail run on Memorial Day 2023? Are banks open? Is the stock market open? Is the MVC open? What is NJ Transit's schedule? The complete guide to Monday, May 29 (5/29/23)
Les mer »
Memorial Day weekend: Is the post office delivering mail on Monday? Are banks open?Here's what you need to know about what services are open and closed on Monday, as well as what Memorial Day is celebrating in the first place
Les mer »