Palm Oil Archives - Forests & Finance

Sinar Mas Group: Destroying orangutan and chimpanzee habitats in Indonesia and Liberia for palm oil

December 4, 2023

Sinar Mas Group’s pulp and palm oil supply chains are linked to egregious rights abuses, greenhouse gas emissions, and deforestation. Despite failing to end deforestation, SMG remains the largest recipient of finance for tropical forest-risk commodities receiving US$ 20 billion in credit since 2019. Read More

JPMorgan Chase Strengthens Palm Oil Policy, but Fails to Move on Fossil Fuels, Rights, or Deforestation More Broadly

October 4, 2021

Civil Society Coalition Demands Bank MUFG and Danamon to Take Responsibility for Forest Destruction, Climate Crisis, and Human Rights Abuses in Indonesia.

April 5, 2021

Bank Danamon is a MUFG subsidiary that is granted an exception in complying with MUFG’s latest palm oil and forestry policies, undermining the quality of its Annual Sustainability Report and Sustainable Finance Action Plan. Read More

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