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Liberia: Company commits to suspending any land development after panel ruling

The High Carbon Stock Approach (HCSA), an agribusiness industry sustainability body confirmed longstanding allegations that Golden Veroleum Liberia, the Liberian investee of palm oil giant Golden Agri-Resources, committed widespread deforestation over a thousand hectares of forest, including endangered species habitat and important wetlands. In a comprehensive report published this month, the company was also found to have violated the land and cultural rights of local communities, including the right to free prior and informed consent and social requirements on basic needs and grievance and remedy. The company, has agreed to suspend further land developments in compliance with the decision of the HCSA and adding further that it has reviewed the measures spelt out in the HCSA decision and notes that many of these are already being implemented by GVL under its current Sustainability Action Plan. It will also will incorporate the remaining ones into a revised plan which has been submitted to GAR, and which GAR has submitted to HCSA for review.