Major International Banks Continue to Finance Indofood Despite Evidence of Systemic Labor Abuses

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A new report published by Rainforest Action Network, OPPUK—an Indonesian labor rights advocacy organization—and International Labor Rights Forum titled, “The Human Cost of Conflict Palm Oil Revisited: How PepsiCo, Banks, and the Roundtable on Sustainable Palm Oil Perpetuate Indofood’s Worker Exploitation” details new evidence of labor abuses on plantations owned by Indofood Sukses Makmur (Indofood), one of the world’s largest palm oil companies. Indofood’s largest financiers include Japanese, Indonesian, and Singaporean banks, as well as some major Western banks.