Tag: hsbc

Press Release

HSBC triggers investigation into its own palm oil client

Action by HSBC, which triggered an investigation into a palm oil sector subsidiary of Noble Group, one of its own clients, has resulted in thousands of hectares of primary rainforest in the heart of Papua getting a second chance after evidence showed Noble Plantations was preparing to clear 18,000 hectares of forest

News

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Report

Banking on Extinction

This report reveals that despite adopting polices to keep it from financing deforestation, the UK bank HSBC is nevertheless a leading financier of the palm oil industry – and provides loans worth hundreds of millions of dollars to some of its worst elements