Citigroup, Standard Chartered, and Rabobank cancel substantial loans to palm oil company Indofood over labor abuses. Will others take a stand?
Citigroup cancels $140 million loan to palm oil company Indofood over labor abuses. Will others take a stand?
Investigation underway into forest loss for palm oil in Leuser Ecosystem
The Indonesian government’s palm oil company PT Perkebunan Nusantara (PTPN) I has responded to recent revelations published by Rainforest Action Network that lowland rainforests have been cleared within its plantation, PTPN I Blang Tualang, with a statement of commitment to being a guardian of the forests of the Leuser Ecosystem.
Japan’s largest bank MUFG adopts new policies to protect forests and the climate, but controversies abound
Mitsubishi UFJ Financial Group (MUFG), Japan’s largest financial group and the world’s fifth largest bank by assets, has just released an updated Environmental and Social Policy Framework that will govern…
Will PepsiCo Drop Indofood?
Will PepsiCo drop Indofood? Despite having commitments to no deforestation and no exploitation, PepsiCo is partnering with a company proven to be clearing rainforests and abusing workers’ rights.
Who is Still Tied to Indofood?
Companies cannot pretend that Indofood’s palm oil is sustainable. Joint venture partners, brands, palm oil traders and financiers must take further action to send Indofood the message that its exploitative practices are not acceptable. Here is who has yet to cut ties to this notorious food giant.
Mother Jones: We Need To Talk About Palm Oil
“Emma Lierley, forest policy director at the Rainforest Action Network (RAN), echoed this sentiment. “The same problems are still happening in this industry,” she said. “Deforestation is continuing, threatened species…
Elephants are Dying for Palm Oil in the Leuser Ecosystem
New satellite data obtained by RAN has revealed steady, continued deforestation taking place within one of the most critical lowland rainforest habitat corridors left in Indonesia. Located inside the globally important Leuser Ecosystem on the island of Sumatra, the active forest clearance is taking place in a palm oil concession operated by a plantation company called PT Nia Yulded (PT NY) and is occurring despite a presidential moratorium banning any further forest clearance for palm oil, which has included a special emphasis on the need to protect the biologically diverse forests of the Leuser.
Elephant Corridor Has Been Cleared by Indonesian State Company Despite Moratorium on Palm Oil by President
GPS: 4° 31′ 9.792″ N, 97° 45′ 9.234″ E
New satellite data obtained by RAN has revealed that a month after President Jokowi announced a three-year moratorium on the issuance of palm oil permits, as well as a review of existing permits, the Indonesian government-linked palm oil company PT Perkebunan Nusantara I (PTPN I) has continued to clear forests within an important corridor for the endangered Sumatran elephant inside the Leuser Ecosystem. PTPN I is operating in breach of the moratorium on forest destruction in the Leuser Ecosystem and should be subject to an investigation by the Indonesian Ministry of Environment and Forestry.