Indonesian government cracks down on corruption and deforestation The Indonesian government has shown some signs of cracking down on corruption and illegal forest clearing in the country’s palm oil industry. The Corruption Eradication Commission recently arrested Riau Governor Annas Maamun, who was allegedly caught accepting bribes from a palm oil company. He is scheduled to …
Five large palm oil producers announce HCS moratorium, but questions remain Five major palm oil producers – Sime Darby (SIME:MK), Asian Agri, IOI Corporation (IOI:MK), Kuala Lumpur Kepong (KLK:MK), and Musim Mas, – announced today that they would institute a moratorium on clearance of high carbon stock areas while a yearlong industry–sponsored study of what …
Indonesian parliament floats bill to restrict foreign firms; Jokowi on haze The Indonesian parliament introduced a new draft bill to restrict the percentage of foreign-owned plantations to no more than 30% (down from the current 95%).
New Singapore Haze Law: On August 5th, the Singaporean parliament approved the Transboundary Haze Pollution Bill, in order to fight haze from deforestation in the region.
Cargill, one of the world’s largest agribusiness companies and a significant palm oil trader and producer, today announced a new “No Deforestation, No Peat, No Exploitation” policy. The policy applies to Cargill’s entire supply chain, including third party suppliers – requiring them to protect High Carbon Stock, High Conservation Value, and peat landscapes, as well …
In June, Papua New Guinea’s Prime Minister Peter O’Neill announced the cancellation of all illegal agricultural land leases. He also abolished future issuances of this kind of lease.
We’re preparing an upcoming product that analyzes sustainability and financial risk in the supply chains of Kuala Lumpur Kepong (KLK:MK), a Malaysian multinational company and one of the largest palm oil plantation companies in the world.
Deutsche Bank drops palm oil supplier Bumitama (BAL:SP): This week, Deutsche Bank announced that it had sold all of its shares in Indonesian palm oil supplier Bumitama (BAL:Singapore).
Chain Reaction Research has developed a briefing in anticipation of the Indonesian coal mining company Bumi Resources’ (BUMI:IJ) upcoming rights offering. Bumi Resources is a holding company for Bumi, Asia’s largest thermal coal exporter.
On 12 May 2014, Archer Daniels Midland Company (NYSE: ADM) announced that it will make its palm oil supply chain fully traceable. To do so, ADM will work with Wilmar, the world’s largest palm oil trader.