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Company Response

22 Jul 2019

Author:
Credit Suisse

Credit Suisse response

We are aware that certain stakeholders have raised concerns and allegations regarding the operations of meat-producing companies in the Amazon region, in particular around illegal deforestation, impacts  on indigenous communities, and labor-related issues. To the extent that any such issues and concerns are related to Credit Suisse financing activities or client relationships, they are examined during a structured due diligence process, which includes discussions with the respective company. If there are grounds to believe that a potential transaction or client relationship may not be compatible with our existing commitments or internal guidelines, Credit Suisse conducts a bank-wide, Reputational Risk Review Process to ensure potential transactions are in compliance with all the applicable laws, rules and regulations in the markets in which it operates. In addition, we take account of industry-specific agreements and commitments in assessing potential or existing transactions or client relationships...

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