International banking giant HSBC’s provision of financial services for Noble Group’s $1 billion refinancing violates its own agricultural commodities and forestry policies and must be withdrawn – Noble owns two controversial oil palm companies that are clearing some of the last significant forests in Papua, Indonesia
Legal loopholes in a controversial 2015 Minister of Trade Decree are being illegally and cynically exploited by a coterie of timber traders masquerading as small and medium enterprises, significantly weakening Indonesia’s flagship timber legality scheme, a new investigative report – Loopholes in Legality – has found
Roundtable on Sustainable Palm Oil (RSPO) members today responded to a report exposing critical flaws in the industry body’s certification of ‘sustainable’ palm oil by supporting a resolution to improve the quality, oversight and credibility of assessments by third-party auditors
Our new report, Who Watches the Watchmen?, has revealed flaws in the system by which the Rountable on Sustainable Palm Oil (RSPO) guarantees palm oil is free from links with primary forest destruction. Auditing firms relied on by RSPO regularly fail to identify and mitigate unsustainable practices by oil palm firms.
The last-minute exemption of 15 product groups from Indonesia’s timber legality verification system threatens to block EU market access for these products, to delay or sabotage a long-negotiated EU-Indonesia timber trade agreement and undermine Indonesia’s forest industry reputation, NGOs have warned
The conviction and subsequent pardon of 155 Chinese nationals for illegal logging in Myanmar threw a spotlight on how massive volumes of timber stolen from the county’s precious frontier forests have been flowing unhindered into China for decades and a murky trade worth hundreds of millions of dollars every year