BlackRock has blamed the ESG inconsistency on Indonesian palm oil
BlackRock has been accused of inconsistency in its approach to sustainable investment, with Procter & Gamble backing a shareholder protest against the supply of palm oil.
The largest investment group in the world ambitious commitments Environmental, social and governance regulations were introduced in October investor revolt in P&G stretching wood pulp and palm oil supply chain of the stretching consumer goods group He entered Indonesia.
P&G has asked its Singapore supplier Wilmar International to investigate Astra Agro Lesta, a subsidiary of Indonesia’s conglomerate Astra International, an oil company that has accused local farmers of hijacking land among other bad environmental standards.
by Tigor Gemdita Hutapea & Franky Samperante
Yayasan Pusaka Bentala Rakya (Bentala Raya Heritage Foundation)
This article also available in Bahasa Indonesia
Artikel ini juga tersedia dalam Bahasa Indonesia
Photo: Yayasan Pusaka Bentala Rakyat
Indonesia is the world’s largest exporter of palm oil and Papua is the new frontier. Forests on the Papua Island have become the investment target of the moment, after forests in Sumatra, Kalimantan and Sulawesi have been already largely converted into industrial oil palm plantations. Various big projects have targeted the forests in Papua. (1)
Petrus Kinggo, an elder and member of the Wambon Tekamerop tribe, from Kali Kao Hamlet, Jair Subdistrict, Boven Digul Regency, Papua Province, is the leader of the Kinggo indigenous group that owns the customary forest in Kali Kao Hamlet. They have lived in these forests for centuries.
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