DIRTY BANKERS

CURRENT KNOWN LINKS WITH HSBC
Company: IOI Group (IOI Corporation Berhad) 209
Headquarters: Malaysia
Stocklisted: Malaysian Stock Exchange 210
RSPO member: Yes
Headquartered in Malaysia, IOI is reportedly the world’s third-largest
palm oil company. 211 It is a vertically integrated company that manages
palm oil plantations; processes FFB from both its own plantations and
those of other companies; and manufactures palm oil derivatives,
specialty ingredients and oleochemicals.
IOI is one of the leading traders of palm oil to the international
market. In 2015, IOI traded and/or processed 1,527,696 tonnes of
palm oil and palm oil–derived products. 212 IOI Loders Croklaan is a
downstream subsidiary.
SECURITY TOTAL VALUE VALUE OF HSBC ISSUER NAME SIGNED HSBC ROLE(S)
CONTRIBUTION
Corporate bond issue US$600m n/a IOI Investment L Bhd 27/06/2012 Joint lead manager
with three other
banks
TIMELINE
2012
2013
2014 2015 2016
HSBC ENVIRONMENTAL POLICIES
LOANS, BONDS AND SERVICES
BREACHES OF HSBC POLICY
RSPO COMPLAINTS
BREACHES OF
HSBC POLICY
PT Berkat Nabati Sejahtera (PT BNS), PT Bumi Sawit Sejahtera
(PT BSS) and PT Sukses Karya Sawit (PT SKS) concessions,
West Kalimantan; Pelita concession, Sarawak, Malaysia
• Deforestation for plantation development
• Destruction of HCV forest
• Development on peat
• Fires: extensive fires in 2014 and 2015, and
planting observed in previously burned areas
• Illegal operations including development without
the proper legal permits and planting outside
concession boundaries
• Breach of community land rights
• Temporary suspension of RSPO certification
• Failure to meet timetables for RSPO certification
(company level)
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OTHER BANKS LINKED TO IOI
DIRTY BANKERS
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