Press Release: Friends of the Earth files OECD complaint against Rabobank finance for illegal palm oil

Amsterdam, Brussels, 1st July 2014

Milieudefensie (Friends of the Earth Netherlands) and Friends of the Earth Europe have filed a complaint with the Organization for Economic Cooperation and Development against the Dutch Rabobank. The complaint focuses on multiple loans from Rabobank to the Indonesian palm oil company Bumitama. The company is accused of managing an illegal palm oil plantation and of having caused deforestation, thereby not only violating the sustainability policy of Rabobank but also the OECD Guidelines for Multinational Enterprises.   ... →