By: Jalal. What is clearly visible on Roadmap for Sustainable Financial? Having read the document several times, it seemed that the document can still be given constructive feedbacks. However, we need to first convey a sense of awe to those who had been instrumental in arranging; and a sense of pride for being a citizen […]
By: Jalal. Simon Zadek, sustainability expert who has long been active since 3 decades ago, declared that 2016 is the year of sustainable finance. Indeed, in recent years, he has become a leader in this field. With a position as co-chair of the UNEP Inquiry, of course his stance was not unfounded. There are at […]
Global banks need to follow to save Indonesia’s rainforests On Monday February 20th, 2017, HSBC published a ‘No Deforestation, No Peat, No Exploitation’ policy covering its financing of palm oil companies. The move by HSBC – Europe’s largest bank and a major funder of palm oil companies – follows an investigation by Greenpeace that linked […]
Jakarta – The expansion of oil palm plantations in Indonesia continues to increase at a very high speed, and has created numerous serious environmental and social problems. High conservation value forests are converted into plantations, there are very high greenhouse gas emissions from fires in forest and peat land, there are ecological disasters and many […]
By: Julian Müller, Profundo (Amsterdam). The field of sustainable banking is dominated by voluntary frameworks for the incorporation of sustainability criteria in banking operations, but binding regulation is necessary to give some teeth to these initiatives. Since around 2010, some countries have pioneered regulatory approaches. Bangladesh, Brazil and China are the most advanced, with Bangladesh […]
Jakarta January 19, 2017 SIME DARBY URGED TO RESOLVE LONG STANDING LAND RIGHTS CONFLICT BEFORE STOCK EXCHANGE LISTING FOR ITS PLANTATIONS DIVISION Sime Darby is reported to be preparing to list a number of its divisions on Asian stock exchanges in early 2017. Expected to be among them is Sime Darby’s plantation division – which […]
Jakarta, December 14, 2016 – We refer to Statement on TUK Factsheet issued by Sime Darby Plantation on 8 November 2016. The Dayak Indigenous community of Kerunang and Entapang have been actively engaging with the Sime Darby group to resolve the issues. As a RSPO member, Sime Darby plantation, should aim to resolve the land conflict […]
Two of Wilmar’s top financiers scored zero on the assessment of their child and forced labour policies while four others only got a partial score. This reveals a serious lack of commitment by major financial institutions to uphold International Labour Organization (ILO) Conventions. A new report by Amnesty International has revealed that Wilmar is […]
Between 2010 and 2016, 8 RSPO member banks were involved in finance to at least 4non-RSPO member palm oil groups operating in South East Asia.Together, these RSPO banks provided corporate loans and revolving credits to the 4 non-RSPO member groups worth USD 212 million. They also held shares in these companies worth around USD 29 […]
Communities from West Kalimantan call on Sime Darby to give them back their land. The complaint they filed at the RSPO in 2012 remains unresolved. Bangkok, November 8th, 2016 – At a press conference during the 14th Round Table of the RSPO, a representative of indigenous villages in Sanggau, in West Kalimantan, called on […]
