Read the introductory briefing to the forestsandfinance.org site to find out what ESG risks exist in the forest-risk commodity sector and which banks and investors are driving deforestation in Southeast Asia. Published April 2019.
See which banks are most involved and how their Environmental, Social and Governance policies stack up in this summary of the compiled policy assessments and scoring criteria. Published 2018.
Find out why ESG factors matter in tropical forest-risk commodity sectors and what banks and investors must do to responsibly finance companies operating in these high risk sectors. Published June 2017.
IOI Group is one of Malaysia’s biggest corporations and a major producer and trader of palm oil with a revenue of USD 2.9 billion in 2015. IOI has failed to address many social and environmental risks in its supply chain. Recent evidence of IOI clearing forests, draining peatlands, operating without proper licenses and failing to prevent fires resulted in a four-month suspension from the RSPO in April 2016.
Indofood is controlled by Anthoni Salim, owner of the Salim Group, one of Indonesia’s biggest corporations. In 2015, Indofood’s revenue was approximately USD 5 billion. Neither Indofood nor its palm oil division IndoAgri have adequate policies and practices in place for responsible palm oil production and sourcing. Indofood has been linked to a range of serious environmental and social problems including the exploitative use of child labor.
Do not delete, this page hold translations for headers across the site.
Civil society letter to financial regulators as the fires spread in Southeast Asia, calling for emergency sanctions to stop banks providing financial services to forest-sector clients causing haze- 2016