Why are banks and investors still funding Indofood?
This month, 10 banks committed another $2.1 billion in loans to Indonesian noodle giant, Indofood CBP Sukses Makmur – whose instant noodles rely on Conflict Palm Oil produced by its…
Reuters: PepsiCo adopts stricter, greener rules for palm oil in products
“Under PepsiCo’s new policy, the major international buyer of palm oil has strengthened its commitments to protect, restore and monitor forests and peatlands. It has pledged not to purchase palm…
PepsiCo Mengadopsi Perubahan Pendekatan Kelapa Sawit yang Komprehensif
LSM mengapresiasi penguatan kebijakan dan aksi perusahaan makanan raksasa untuk mengatasi deforestasi dan pelanggaran HAM San Francisco, CA – PepsiCo Inc., perusahaan makanan dan minuman terbesar kedua di dunia, telah…
Media Briefer: PepsiCo Adopts Comprehensive Shift in Approach to Palm Oil
MEDIA BRIEFER, February 25, 2020 Link to RAN’s press release: https://www.ran.org/press-releases/pepsico-adopts-comprehensive-shift-in-approach-to-palm-oil/ Link to PepsiCo’s policy: https://www.pepsico.com/docs/album/esg-topics-policies/global-policy-for-sustainable-palm-oil.pdf Link to PepsiCo’s commitments on Independent Verification, the Leuser Ecosystem, and Grievance Process: https://www.pepsico.com/sustainability/palm-oil…
PepsiCo Adopts Comprehensive Shift in Approach to Palm Oil
PepsiCo Inc., the world’s second-largest food and beverage company, has announced the adoption of a comprehensive palm oil sourcing policy and committed to a broad set of actions aimed at ensuring the palm oil in its supply chain will not contain deforestation, peatland destruction, or human and labor rights abuses. PepsiCo’s shift on palm oil is the result of a six-years long public campaign and positions it as a front runner amongst its peers, signaling to the industry that responsible palm oil production must be achieved.
Japan’s Largest Bank MUFG/Union Bank Protested Over Harmful Financing
Environmentalists call on MUFG to stop lending to Conflict Palm Oil, fossil fuel expansion ahead of annual shareholder meeting San Francisco, CA – Today, a group of activists protested outside…
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)…
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…
Indonesian Food Giant Indofood’s Palm Oil Arm Terminated From Sustainability Certification Over Labor Abuses
Global banks and investors on the hook for fueling illegal and exploitative acts, NGOs say CONTACT: Emma Rae Lierley, emma@ran.org, +1 425-281-1989 San Francisco, CA – The leading palm oil…
Salim Ivomas, subsidiary of palm oil giant Indofood, withdraws from RSPO over labor abuses
Today the Indofood subsidiary Salim Ivomas announced its plans to withdraw its membership from the Roundtable on Sustainable Palm Oil (RSPO). This move from Salim Ivomas follows the same action taken by its…