Friends of the Earth Europe (FOEE) recently announced the release of its factsheet, “Bumitama’s Diary of Destruction,” in a PRESS RELEASE. The fact sheet outlines the destructive and illegal practices currently being carried out in Indonesia by the palm oil producer, Bumitama Agri Ltd. The fact sheet includes a timeline, or diary, of violations, outlining, for example, Bumitama’s continued deforestation and palm oil production activities on land designated as High Conservation Value (HCV) and threatening the region’s protected species, like the endangered orangutan. The fact sheet also states that the company has been providing illegally sourced palm oil to its customers, which include Wilmar International, one of the the world’s largest palm oil concerns who recently imposed a “No Deforestation, No Peat, No Exploitation” policy. Bumitama’s activities are partially financed through major European and US financial institutions like Deutsche Bank, HSBC, BlackRock, and Fidelity Investments. FOEE is calling on Financiers and Wilmar International to take immediate action by dissolving all financial ties with Bumitama.
Find out more about Bumitama investors here.
Find out more about Wilmar investors here.
More on Wilmar here.