Hide Message

Updating the Resource Centre Digital Platform

The Business & Human Rights Resource Centre is at a critical point in its development. Our digital platform is home to a wealth of information on business and human rights, but hasn’t had a visual refresh for a number of years.

We will soon be updating the site to improve its usability and better serve the thousands of people that use our site to support their work.

Please take an advance peek at our new look, and let us know what you think!

Thank you,
Alex Guy, Digital Officer

Find Out More Hide Message

You are being redirected to the story the piece of content is found in so you can read it in context. Please click the following link if you are not automatically redirected within a couple seconds:
en/norways-government-pension-fund-announces-risk-based-divestments-companies-invited-to-respond-0#c184843

Response by Sipef

Author: Sipef, Published on: 10 March 2019

We realise with great concern that, during 2019, NBIM has left the shareholding of SIPEF.

Our company is fully committed to the Roundtable on Sustainable Palm Oil (RSPO)...Our current development projects have all complied with the RSPO New Planting Procedure, and will be certified as soon as they become eligible. SIPEF has since 2014 issued and updated its Responsible Plantation Policy as a sign of our long term commitment to sustainable, deforestation-free agriculture.

Looking into your 2018 holdings, we have the impression that NBIM has turned back on all palm oil producers, regardless of their commitment and performance. 

This is difficult to understand from NBIM, a long-term investor, representing Norway, a country with high environmental standards and expectations, and a deep knowledge of our sector as well as of the challenges of developing countries. It sends a very negative message about our entire sector, vital to the economies of Indonesia, Malaysia, Papua New Guinea, and the African continent and to millions of smallholders who depend on palm oil for their livelihoods.

 

Download the full document here

This is a response from the following companies: Sipef