Indicator 3.2.9

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System

Water Type

Feed Dependent

Species

Indicator 3.2.9

by Contact on 8 October 2026

Requirement

The UoC shall have a policy if providing loans and advances, in which the terms and conditions are not used to bind employees to employment. The policy shall be communicated to employees in an understandable manner. **

How Do I Interpret This Requirement?

  • This indicator only applies if loans and/or advances are provided by the UoC to its employees.

  • The policy should be documented and accessible and could for example include the following items:

    • eligibility

    • types of financial assistance available (for example, loans for specific purposes such as medical emergencies, education, or unexpected expenses and advances)

    • approval process

    • repayment terms

    • applicable interest and fees (note: interest cannot be charged on advances)

    • confidentiality

    • transparency.

    • Communicating in an understandable manner means that the UoC ensures that all employees understand the policy.

Evidence of Implementation

  • loans and advances policy

  • payslips and pay records

  • signed agreements with the employees who are entering into the loan.

Auditors Should Confirm

  • that employees understand the conditions around loans and advances.