Tag: palm-oil

Oil palm plantation in Indonesia (c) EIAimage
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

Press Release

Illegal oil palm undermines Indonesia’s timber reforms

Timber logged illegally in and around a rogue oil palm plantation is still being certified as legal under Indonesia’s flagship timber certification system despite repeated NGO reports to police, forestry enforcement officials and certification professionals, the new EIA report Still Permitting Crime reveals

Press Release

HSBC policies rule out $1bn Noble Group refinancing

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for Noble Group’s $1 billion refinancing violates its own agricultural commodities and forestry policies and must be withdrawn – Noble owns two controversial oil palm companies that are clearing some of the last significant forests in Papua, Indonesia