abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfiltergenderglobegroupshealthinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapelocationmap-pinminusnewsorganisationotheroverviewpluspreviewprofilerefreshnewssearchsecurityPathtagticktooltiptwitteruniversalityweb
Story

Australia: Report accuses 'big four' banks of financing palm oil companies linked to land grabbing & human rights violations

A new report Draw the line: A black book about the shady investments of Australian banks in palm oil  published by the Friends of the Earth Australia alleges that four of Australia's biggest banks are complicit in rainforest clearing, land grabbing, and human rights violations by providing finance to the palm oil sector. Specifically, the report alleges that all four banks have financial involvement with Wilmar International, which has been linked to human rights abuses that span several decades and numerous regions. 

None of the banks commented on specific client relationships, but all reiterated their commitment to continual assessment of the environmental and social impacts of those they provide credit to.