Environmental Policy

Environmental Policy
As part of the implementation of this policy, the institution shall put in place an ESRMF, with the purpose of identifying and evaluating the social and environmental risks of businesses before a decision is made to finance them, and monitor ongoing social and environmental performance after lending.

New and potential business activities shall be assessed and evaluated on their potential environmental and social risks. This approach shall be integrated in the existing credit and risk management procedures.

Grievance Redress Mechanism (GRM)
Saile operates in an open environment and has an open door policy that enhances support, friendship and professional collaboration. Saile is committed to adhering to standards and procedures of accountability and transparency in all its business operations.

  List of Excluded Activities

1. Production or trade in any product or activity deemed illegal under host country laws or regulations or international conventions and Agreements.
2. Production or trade in weapons or munitions.¹
3. Gambling, casinos and equivalent enterprises.¹
4. Trade in wildlife or wildlife products regulated under Convention on International Trade in Endangered Species (CITES).
5. Production or trade in radioactive materials. This does not apply to the purchase of medical equipment, quality control (measurement) equipment and any equipment where Lender considers the radioactive source to be trivial and/or adequately shielded.
6. Production or trade in or use of unbounded asbestos fibers.
7. Any activities involving significant degradation or conversion of critical habitats² and/or any activities in legally protected areas.
8. Activities damaging to national monuments and other critical cultural heritage.³
9. Drift net fishing in the marine environment using nets in excess of 2.5 km in length, electric shocks, or explosive materials.
10. Production or trade in wood or other forestry products other than from sustainably managed forests.⁶
11. Production or trade in pharmaceuticals, pesticides/herbicides, ozone depleting substances, 0polychlorinated biphenyls (Borrower’s) subject to international phase outs or bans.
12. Production or activities involving harmful or exploitative forms of forced labor⁴ harmful child labor.⁵
13. Production, trade, storage, or transport of significant volumes of hazardous chemicals, or commercial scale usage of hazardous chemicals (gasoline, kerosene, other petroleum products, textile dyes etc.).
14. Production or activities that have adverse impacts, including relocation, on the lands, natural resources, or critical cultural heritage subject to traditional ownership or under customary use by historically underserved traditional local communities.
15. Activities involving land acquisition and/or restrictions on land use resulting in involuntary resettlement or economic displacement.⁷
16. Military or police equipment or infrastructures, and equipment or infrastructure which result in limiting people’s individual rights and freedom (i.e. prisons, detention centers of any form) or in violation of human rights.
17. Activities targeting tobacco manufacturing, processing, or specialist tobacco distribution, and activities facilitating the use of tobacco (e.g. “smoking halls”).¹
18. Activities involving live animals for experimental and scientific purposes.