Citigroup Cancels Financing of Indonesian Food Giant Indofood Over Palm Oil Labor Abuses
Major Asian, European banks and US brands still linked to controversial company San Francisco, CA – Citigroup has canceled all financing to Indonesian food giant and agribusiness company Indofood (INDF:IJ)…
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…
Indonesian Food Giant Indofood’s Palm Oil Arm Terminated From Sustainability Certification Over Labor Abuses
Global banks and investors on the hook for fueling illegal and exploitative acts, NGOs say CONTACT: Emma Rae Lierley, emma@ran.org, +1 425-281-1989 San Francisco, CA – The leading palm oil…
Salim Ivomas, subsidiary of palm oil giant Indofood, withdraws from RSPO over labor abuses
Today the Indofood subsidiary Salim Ivomas announced its plans to withdraw its membership from the Roundtable on Sustainable Palm Oil (RSPO). This move from Salim Ivomas follows the same action taken by its…
Palm Oil Giant Indofood Subsidiary Loses Sustainability Certification Over Labor Abuses; Suspension of RSPO Membership Looms
San Francisco, CA – Today the world’s largest palm oil certification scheme, the Roundtable on Sustainable Palm Oil (RSPO), ordered the suspension of the “sustainability” certificates of Indonesian palm oil…
NGO Statement of Concern on Tokyo 2020 Olympics’ revised Timber Sourcing Code
We, the undersigned NGOs, are deeply disappointed by the recent revision of Tokyo 2020 Olympics’ timber sourcing policy (1), which fails to end the use of timber associated with rainforest…
Palm Oil Giant Indofood Plans to Withdraws from RSPO Over Labor Abuses; RSPO Threatens to Suspend Membership
PepsiCo, Wilmar, and Banks remain connected, must terminate partnerships, NGOs say San Francisco, CA – Indonesian palm oil giant Indofood has announced its plans to withdraw from the world’s largest…
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…
Reuters: Palm oil body says it finds exploitative labor practices at Malaysia’s FGV
“With this decision, the RSPO has again failed to adequately hold accountable one of its member companies found guilty of widespread illegal labor violations,” said Robin Averbeck, Agribusiness Campaign Director…
Quartz: A palm oil giant has been sanctioned over forced labor and trafficking workers
“FGV Holdings Berhad isn’t having a great week. First, the colossal palm oil giant, owned in part by the Malaysian government, posted its second consecutive quarterly loss, attributed to falling crude…