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
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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
One of the largest trading houses in Japan, Itochu is exposed to widespread social conflict and deforestation risks through its investments in rubber processing as well as trade with companies involved in illegal and unsustainable pulp & paper, timber, palm oil, and natural rubber productions. Itochu makes no commitment to no deforestation for its procurement of pulp & paper, timber, or rubber, and it lacks transparency on supply chain ESG risks and due diligence measures. Read More
One of the world’s largest manufacturers of paper and packaging products faces material risks related to land rights conflicts and deforestation by its subsidiary Oji… Read More
Asia Pulp and Paper (APP) is one of the world’s largest fully integrated pulp & paper companies, and accounts for more than half of Indonesia’s… Read More
Felda Global Ventures (FGV) is the world’s largest producer of crude palm oil and the second largest Malaysian palm oil refiner. FGV has been linked to forced labor, deforestation and peatland development through its plantations operations and business relationships in Indonesia and Malaysia. Read More
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… Read More
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. Read More
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. Read More
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… Read More