“Banks to incentivize sustainable supply chains under DFID-backed pilot” – Devex – December 12, 2017

On December 12, 2017 Devex reported on a pilot project “convened by the Fintech Taskforce at the University of Cambridge’s Institute for Sustainability Leadership, which was launched earlier this year to examine how financial technology could be used to tackle social and environmental problems.

Under the pilot, three banks — Barclays, Standard Chartered, and BNP Paribas — will offer more favorable lending terms to food giants Unilever and Sainsbury’s according to the sustainability of the supply chains linking them with tea farmers in Malawi. Materials that go into the tea’s wood-fiber packaging, produced in Europe by the South African company Sappi, will also be monitored. The fintech startup Halotrade will help provide input into banks’ decision-making on how much to charge when extending credit to pay suppliers according to quality and price, as well as how well each link of the supply chain respects land rights.”

You may read the article on the Devex internet site.