Citigroup Cancels Financing of Indonesian Food Giant Indofood Over Palm Oil Labor Abuses
Major Asian, European banks and US brands still linked to controversial company San Francisco, CA – Citigroup has canceled all financing to Indonesian food giant and agribusiness company Indofood (INDF:IJ)…
Citigroup, Standard Chartered, and Rabobank cancel substantial loans to palm oil company Indofood over labor abuses. Will others take a stand?
Citigroup cancels $140 million loan to palm oil company Indofood over labor abuses. Will others take a stand?
Investigation underway into forest loss for palm oil in Leuser Ecosystem
The Indonesian government’s palm oil company PT Perkebunan Nusantara (PTPN) I has responded to recent revelations published by Rainforest Action Network that lowland rainforests have been cleared within its plantation, PTPN I Blang Tualang, with a statement of commitment to being a guardian of the forests of the Leuser Ecosystem.
Japan’s largest bank MUFG adopts new policies to protect forests and the climate, but controversies abound
Mitsubishi UFJ Financial Group (MUFG), Japan’s largest financial group and the world’s fifth largest bank by assets, has just released an updated Environmental and Social Policy Framework that will govern…
The New York Times: Waste Not, if You Want to Help Secure the Future of the Planet
“The second and third most common textile fibers are already made from plants — cotton and viscose rayon. Most viscose rayon is made from wood pulp, but the process of…
APP acknowledges links to controversial suppliers, but fails to release an auditor’s report
Seven takeaways from a new report by Asia Pulp & Paper on links to its pulpwood suppliers in Indonesia
Will PepsiCo Drop Indofood?
Will PepsiCo drop Indofood? Despite having commitments to no deforestation and no exploitation, PepsiCo is partnering with a company proven to be clearing rainforests and abusing workers’ rights.
Thousands of Indonesians Protest Against Major Gold Mine Threatening Leuser Ecosystem
Between April 9th and 11th, thousands of Indonesian protesters demonstrated against a proposed gold mining operation in front of the Acehnese Governor’s Office in Banda Aceh, as community members have also forcibly evicted mining company employees, effectively stopping the contested gold mining activities and operations in Beutong Ateuh Banggalang Sub-district.
SOUTHEAST ASIAN PALM OIL FREE OF DEFORESTATION, PEATLAND USE OR EXPLOITATION HITS THE MARKET
Musim Mas Group is the first Southeast Asian producer to complete verification and demonstrate its proof of concept of responsible palm oil, says Palm Oil Innovation Group (POIG) Singapore –…