Asian banks are failing women in agribusiness: study

Financial institutions are underestimating the risk of turning a blind-eye to poor social practices in their agri-investments. Left unchecked, they may bear the brunt of loan defaults and a tarnished reputation.

Financial institutions propping up agribusinesses with poor social policies will come under the spotlight as investors take greater care to ensure value chains comply with more stringent environmental, social and governance (ESG) requirements.

Banks run the risk of loan defaults and stranded assets due to the impacts of climate change and harmful social practices that will ultimately undermine the profitability of agribusiness, according to a new report by Fair Finance Asia (FFA) in collaboration with the Gender Transformative and Responsible Agribusiness Investments in Southeast Asia (GRAISEA).

The study, Harvesting Inequality, conducted by FFA-GRAISEA assessed banks in Cambodia, India, Indonesia, Japan, Laos, Malaysia, Pakistan, Philippines, Singapore, Thailand, and Vietnam.

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