Indonesian NGOs urge financiers to divest from APRIL

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A group of 30 Indonesian NGOs have sent a letter of concern to major financiers and buyers of APRIL, as a result of the company’s reluctance to adhere to the Ministry’s request to submit revised workplans that would comply with Indonesia’s new peat regulations. These developments put into question APRIL’s commitment to implement its own sustainability policy issued in June 2015 and demonstrate potential regulatory risks that may have material consequences for financiers and others.