• Privacy policy
  • T&C’s
  • About Us
    • FAQ
    • Meet the Team
  • Contact us
TLE ONLINE SHOP!
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
  • JOBS
No Result
View All Result
The London Economic
SUPPORT THE LONDON ECONOMIC
NEWSLETTER
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
  • JOBS
No Result
View All Result
The London Economic
No Result
View All Result
Home News Environment

Major international brands connected to one of the largest cases of illegal rainforest clearance ever

A new report released today has exposed one of the largest cases in recent years of ongoing, illegal clearance of tropical rainforests in Borneo, with several international brands implicated. Currently, 10,000 hectares of peat forest have been cleared illegally for future palm oil plantations, despite Indonesian regulations and company commitments against further peat development and […]

Jack Peat by Jack Peat
2018-04-11 16:01
in Environment, News
KONICA MINOLTA DIGITAL CAMERA

KONICA MINOLTA DIGITAL CAMERA

FacebookTwitterLinkedinEmailWhatsapp

A new report released today has exposed one of the largest cases in recent years of ongoing, illegal clearance of tropical rainforests in Borneo, with several international brands implicated.

Currently, 10,000 hectares of peat forest have been cleared illegally for future palm oil plantations, despite Indonesian regulations and company commitments against further peat development and deforestation.

Two palm oil plantation companies are responsible for the clearance, and both are controlled by or associated with business tycoon Mr. Anthoni Salim. Mr. Salim heads Indonesia’s largest conglomerate, The Salim Group. A broad network of companies, The Salim Group most notably includes Indofood, the joint venture partner of major snack food companies PepsiCo and Nestle, and First Pacific, the joint owner of Goodman Fielder.

The Salim Group was first made aware of the ongoing deforestation in February 2016, but failed to intervene despite repeated government instructions to halt peat forest development.

Instead, as the report shows, one of the subsidiary companies had the Indonesian government’s peatland moratorium map changed, even as the maps prepared by the Indonesian Peat Restoration Agency (BRG) marked 97 per cent of the land bank as “conservation peatlands prioritized for protection”.

“This report provides clear evidence of shady business dealings and inaction at the highest levels of business, all while tropical rainforests continue to fall for Conflict Palm Oil,” said Gemma Tillack, Forest Policy Director with Rainforest Action Network (RAN).

“Meanwhile, The Salim Group’s financiers and business partners––like PepsiCo––are complicit in the illegal deforestation, as they continue to do business with Salim without issue. PepsiCo, Nestle and Wilmar must bring their business partner into compliance with Indonesian law and sustainability norms of deforestation-free development or exit-their business relationships.”

RelatedPosts

Foreign media outlets are loving the embarrassing downfall of Boris Johnson 

Reactions to Boris Johnson’s awful leaving speech as Frankie Boyle nails it

Reactions as PM blames ‘Darwinian’ political system and ‘herd instinct’ for resignation but not himself

In Pics: Boris Johnson waxwork appears outside jobcentre as PM quits as Tory leader

The Salim Group companies are marred by ongoing conflict. Major banks, including Citibank and Rabobank, are connected to the illegal deforestation through their financing of the Salim Group, despite having policies against it. Japanese and Indonesian banks, including Mizuho and Bank Central Asia, stand out as the top lenders most exposed due to their lack of policies prohibiting such destructive activities.

“Billions of dollars in corporate loans, and finance from bonds and shares, have all flowed to the Salim Group companies despite Mr Salim’s connection to ongoing illegal deforestation,” said Vemund Olsen from Rainforest Foundation Norway. “This report exposes the failure of large banks––including those that have been repeatedly warned about the Group’s environmental, social and governance risks––to address their role in facilitating carbon-intensive peat destruction. Banks need to step up their commitments to climate change and stop bankrolling peat destruction.”

The report shows how the business dealings of Mr. Salim have come into question. The business empire is split into publicly listed companies controlled by The Salim Group that have declared, although failed to uphold, commitments to transparency and sustainability, and Salim-related shadow companies––or “business-on-the-side” companies as they are known in Indonesia––that continue to clear tropical forests and drain protected peatlands.

Peat forests are particularly protected by Indonesian legal regulation because of its high fire risk––it is almost impossible to put out once on fire––and its importance in global climate regulation. Peatlands are critical carbon sinks, safely storing greenhouse gases out of the atmosphere. Each hectare of tropical peat drained for plantation development emits an average of 55 metric tons of CO2 every year, roughly equivalent to burning more than 6,000 gallons of gasoline. The 10,000 ha of peatland clearance is equivalent to 550,000 metric tons of CO2 emissions every year. For comparison, the average passenger vehicle emits about 5 metric tons of CO2 each year.

“Consumers around the world are demanding deforestation-free products, and are calling for urgent action from banks and brands,” said Fatah Sadaoui with SumOfUs. “We can not stand by and watch the continued deforestation and growing climate chaos caused by banks’ investments or brands demand for Conflict Palm Oil.”

The report, prepared based on research compiled by AidEnvironment, was commissioned by Rainforest Action Network (RAN), Rainforest Foundation Norway (RFN), and SumOfUs.

RELATED 

https://www.thelondoneconomic.com/news/named-the-household-brands-that-are-contributing-to-1-football-pitch-of-rainforest-being-lost-every-25-seconds/19/03/

Since you are here

Since you are here, we wanted to ask for your help.

Journalism in Britain is under threat. The government is becoming increasingly authoritarian and our media is run by a handful of billionaires, most of whom reside overseas and all of them have strong political allegiances and financial motivations.

Our mission is to hold the powerful to account. It is vital that free media is allowed to exist to expose hypocrisy, corruption, wrongdoing and abuse of power. But we can't do it without you.

If you can afford to contribute a small donation to the site it will help us to continue our work in the best interests of the public. We only ask you to donate what you can afford, with an option to cancel your subscription at any point.

To donate or subscribe to The London Economic, click here.

The TLE shop is also now open, with all profits going to supporting our work.

The shop can be found here.

You can also SUBSCRIBE TO OUR NEWSLETTER .

Subscribe to our Newsletter

View our  Privacy Policy and Terms & Conditions

Trending on TLE

  • All
  • trending
Abdollah

‘Rescue us’: Afghan teacher begs UK to help him escape Taliban

CHOMSKY: “If Corbyn had been elected, Britain would be pursuing a much more sane course”

What If We Got Rid Of Prisons?

More from TLE

Charlton Athletic and Blackpool fans unite to protest against owners

Arab League urges Biden to reject Trump’s Palestine policies

Has Boris Johnson hastened the break up of the United Kingdom?

“Grammar school plan will steal from children to give privileged few more choice”

Going vegan could save the NHS at least £30 billion on ‘preventable illness’

Man reunited with late grandmother’s old Mini after 25 years

Boris Johnson’s absence from flood-hit areas defended by No 10

Rare swift spotted for first time in UK

Tory MP due to stand trial accused of groping 15-year-old boy

24 hours well spent in Paris

JOBS

FIND MORE JOBS

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.




No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • JOBS
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Meet the Team
    • Privacy policy
  • Contact us

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.