SeABank would not finance any of the following projects/production and business plans.
1. Production or trade in any product or activity deemed illegal under host country laws or regulations or international conventions and agreements, or subject to international bans, such as pharmaceuticals, pesticides/herbicides, ozone depleting substances, PCB's, wildlife or products regulated under CITES.
2. Production or trade in weapons and munitions (1').
3. Production or trade in alcoholic beverages (excluding beer and wine) (1').
4. Production or trade in tobacco (1').
5. Gambling, casinos and equivalent enterprises (1').
6. Production or trade in radioactive materials. This does not apply to the purchase of medical equipment, quality control (measurement) equipment and any equipment where considered the radioactive source to be trivial and/or adequately shielded.
7. Production or trade in unbonded asbestos fibers. This does not apply to purchase and use of bonded asbestos cement sheeting where the asbestos content is less than 20%.
8. Production or activities involving harmful or exploitative forms of forced labor(2')/harmful child labor (3').
9. Commercial logging operations for use in primary tropical moist forest.
10. Production or trade in wood or other forestry products other than from sustainably managed forests
11. Drift net fishing in the marine environment using nets in excess of 2.5 km. in length.
12. Coal related-activites include (a) developing or expanding coal-fired power plants, coal mining, coal transportation assets used exclusively for coal, or (b) infrastructure assets exclusively dedicated to support any of these activities.
14. Developing, expanding, operating or maintaining coal mining plants/sites, coal transportation , coal – fired power plant (excluding detained coal-fired power plant are used for industrial applications, for instance, mining, blast furnace and cement or chemical industry), or infrastructure assets exclusively dedicated to support any of these activities.
Notes:
(1') - If these excluded business activities generate more than 20% of their respective revenues, these credit applications will be denied.
(2') – Forced labor means all work or service, not voluntarily performed, that is extracted from an individual under threat of force or penalty.
(3') - Harmful child labor means the employment of children that is economically exploitive, or is likely to be hazardous to, or to interfere with, the child’s education, or to be harmful to the child’s health, or physical, mental, spiritual, moral, or social development. According to national labor law code, child labor means the employment forms of illegally juvenile labors.
