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6 Jun 2017

Rainforest Action Network

Every Investor Has A Responsibility: Forests & Finance Dossier

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25 Apr 2017

…The Dossier compiles evidence of numerous harmful activities of 8 companies: Felda Global Ventures, IOI, Indofood Sukses Makmur, Wilmar, Asia Pulp and Paper, Oji Holdings, Marubeni, and Itochu…

Banks and investors share a responsibility for contributing to these adverse impacts, which were enabled through a combined 28.56 billion USD in loans and underwriting since 2010 and at least an additional 6.56 billion USD in share- and bondholdings in the 8 companies (at their group level), as of the most recent filing date...

The findings raise serious concerns about continuing gaps in the financial sector's social and environmental safeguard policies and related due diligence procedures for forest-risk sectors including palm oil, tropical timber, pulp and paper, and rubber…

[Business & Human Rights Resource Centre invited the companies highlighted in the report to respond. Responses from Itochu, Marubeni, Mizuno, Oji and Wilmar are available below. Felda Global Ventures, IOI, Indofood, and Asia Pulp and Paper have not responded. We will add responses to this page as we receive them.]