Since its beginning, LAAD’s mission has been the promotion of economic and social development in Latin America, through financing agricultural exports to private enterprises. LAAD’s current environmental and social policy seeks the establishment of an operational framework that integrates social, environmental and financial sustainability principles in its institutional strategy, promoting sustainable development in Latin America, with an emphasis in rural Small and Medium Enterprises.
To this end, LAAD has established processes and tools that identify current best practices in social and environmental management for the identification and analysis of risks and impacts in its credit operations and thus facilitate the decision-making process in awarding loans. Likewise, LAAD promotes sustainable initiatives that involve environmental protection and conservation through different types of environmental and social certifications currently on the market and that are required by the main international markets and consumers. Staff training and capacity building in environmental and social management is also an integral part of our policy.
To achieve the sustainability goals, LAAD has implemented a Social and Environmental Management System (SEMS). The SEMS offers an appropriate and efficient evaluation and monitoring procedure of social and environmental risks associated with activities financed by LAAD, over the duration of the loan period.
During Fiscal Year 2018, LAAD approved and committed 339 new loans in 15 countries in Latin America, for a total of $299,658,588. These loans, of which 94.1 %were to Small and Medium Enterprises, helped our clients create 10,940 new jobs. Of the total jobs 67,186 generated by these companies, 36% are held by women.
Of these loans, 38.6% were to clients that have one or more environmental, social or quality international certification, or are in the process of obtaining the certification. During Fiscal Year 2018, LAAD provided $60,211 in grants and technical support to clients in order to help them obtain environmental and social certifications. These grants were made possible thanks to the Technical Assistance Fund (TAF) funded by OeEB.
LAAD is aware of the importance of providing communication tools that will make us aware of any complaints or concerns in regards of the care of Social Environment in our projects.
Please click on the link below and fill the provided template information. We assure you that it will be evaluated and responded promptly.