Japanese, Chinese, Malaysian and Indonesian banks remain largest financiers of forest-risk companies in Southeast Asia
Some progress made in ESG financing policies, but not nearly enough … Read More
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Principles for Responsible Banking must be backed up by concrete commitments from banks to meet Paris Climate Agreement goals and SDGS
The new principles set out a new framework which will hold the banks accountable for their environmental, social and economic impacts. Read More
Explosive Reports Expose Illegal Logging and Human Rights Abuses by Forestry Giant Korindo Group; Tokyo 2020 Olympics Implicated in Sourcing Tainted Wood
Indonesian and Japanese Banks Implicated in Korindo’s Illegal Deforestation and Rights Abuses. Read More
The untold story between Dutch banks and industrial palm oil companies exposed in new “Investment Funds” report.
A new report commissioned by Friends of the Earth NL shows Dutch banks allow consumers to unwittingly invest in controversial palm oil companies. Read More
Maybank: The Single Largest Palm Oil Financier
Maybank is the world’s single largest financier of the palm oil sector – it provided 11% of all loans and underwriting to selected palm oil… Read More
Major International Banks Continue to Finance Indofood Despite Evidence of Systemic Labor Abuses
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… Read More
Indonesian NGOs urge financiers to divest from APRIL
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… Read More
NGO recommendations for the EU Sustainable Finance Action Plan
A coalition of NGOs have put together an anthology of analysis, positions and recommendations on priorities for the EU Sustainable Finance Action Plan. They… Read More
IOI Group Sets New Standards for an Industry Rife with Forced Labour, Child Labour and Worker Exploitation
In October 2017, Malaysian palm oil giant IOI Group announced three major labour policies: to stop charging recruitment fees to its workers, respect the right… Read More