The Asian Development Bank (ADB) includes animal welfare in 2024 Environmental and Social Policy update
FARM ANIMAL RESPONSIBLE MINIMUM STANDARDS (FARMS)
THE FARMS INITIATIVE
An effort to encourage financial institutions to support minimum standards for how farm animals are raised, transported and slaughtered
About the FARMS Initiative
The FARMS Initiative’s goal is for financial institutions to encourage and support meat, milk and egg producers, and other companies in the supply chain, towards meeting the Responsible Minimum Standards with respect to how farm animals are raised, transported and slaughtered.
Issues surrounding animals raised for food are complex, and the FARMS Initiative seeks modest yet impactful improvements from financial institutions in the way they manage the risks and opportunities related to farm animal welfare. Financial institutions have a unique but powerful ability to influence livestock producers, manufacturers, distributors, and other stakeholders.
Financial institutions have the ability to make this world a better, more compassionate place.