DIRTY BANKERS

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18 May 2011, PT Henrison Inti Persada: Recent forest clearance in the Noble concession in Sorong, West Papua, documented during field work by the Environmental Investigation Agency. ©EIA 30 DIRTY BANKERS
Company: Group: Headquarters: Stocklisted: RSPO member: Noble Plantation Pte Ltd Noble Group Ltd Hong Kong Singapore Stock Exchange Yes CURRENT KNOWN LINKS WITH HSBC LOANS FACILITY TOTAL VALUE VALUE OF HSBC BORROWER SIGNED HSBC ROLE(S) OR SECURITY CONTRIBUTION Refinance and general US$650m Undisclosed Noble Group Ltd 23/12/2013 One of 11 lenders corporate purposes fixed term loan Refinance and general US$1.1bn Undisclosed Noble Group Ltd 18/05/2015 One of 35 lenders, corporate revolving credit bookrunner, mandated arranger Letter of credit US$1.1bn Undisclosed Noble Group Ltd 15/07/2015 Syndication agent General corporate US$1bn US$90m Noble Group Ltd 12/05/2016 One of 25 lenders revolving credit bookrunner, mandated arranger TOTAL US$3.9bn At least US$90m BONDS Noble Group is listed on the Singapore Stock Exchange. Founder Richard Elman is the largest shareholder with a 22% stake, and several institutional shareholders such as Best Investment Corporation, China Investment Corporation, Orbis Holdings and Franklin Resources also hold substantial stakes. 252 Noble Group has interests in commodities such as oil, gas, coal, metals and minerals, generally with a focus on trade and supply chain activities rather than the direct management of mines or other production facilities. 253 SECURITY TOTAL VALUE ISSUER SIGNED HSBC ROLE(S) Corporate bond issuer US$400m Noble Group Ltd 24/06/2014 Bookrunner TIMELINE 2012 2013 2014 2015 2016 HSBC ENVIRONMENTAL POLICIES LOANS, BONDS AND SERVICES BREACHES OF HSBC POLICY RSPO COMPLAINTS BREACHES OF HSBC POLICY PT Pusaka Agro Lestari (PT PAL) concession, Papua; PT Henrison Inti Persada (PT HIP) concession, West Papua • Deforestation for plantation development (PT PAL, PT HIP) • Clearance of HCV forest (PT PAL) • Violation of the rights of local communities and lack of FPIC (PT HIP) • Significant social conflict (PT HIP, PT PAL) • Failure to meet timetables for RSPO certification (company level) OTHER BANKS LINKED TO NOBLE DIRTY BANKERS 31
Page 1 and 2: DIRTY BANKERS HOW IS FINANCING FORE
Page 3 and 4: CONTENTS PALM OIL: A RISK FOR THE E
Page 5 and 6: PALM OIL: A RISK FOR THE ENVIRONMEN
Page 7 and 8: HSBC Holdings plc, headquartered in
Page 9 and 10: BUMITAMA HSBC provided loans (as pa
Page 11 and 12: POLICY IMPLEMENTATION AND RESPONSIB
Page 13 and 14: without having filed New Planting P
Page 15 and 16: LEGAL PERMITS REQUIRED TO ESTABLISH
Page 17 and 18: S E I A PAPUA © Greenpeace © EIA
Page 19 and 20: Companies: Group: Headquarters: Sto
Page 21 and 22: April 2013, PT Ladang Sawit Mas: In
Page 23 and 24: The RSPO New Planting Procedure doc
Page 25 and 26: Company: Group: Headquarters: Stock
Page 27 and 28: CASE STUDY: PT NABIRE BARU Location
Page 29 and 30: STATEMENTS PRODUCER COMPANY Prior t
Page 31 and 32: CURRENT KNOWN LINKS WITH HSBC Compa
Page 33: principles, with certification susp
Page 37 and 38: CASE STUDY: PT HENRISON INTI PERSAD
Page 39 and 40: local communities. 298 It does note
Page 41 and 42: Company: Group: Headquarters: Stock
Page 43 and 44: CASE STUDY: PT BIO INTI AGRINDO Loc
Page 45 and 46: June 2016, PT Bio Inti Agrindo: 6º
Page 47 and 48: CURRENT KNOWN LINKS WITH HSBC LOANS
Page 49 and 50: Isuy Makmur Estate Pahu Estate Keda
Page 51 and 52: In February 2013 the NGO Centre for
Page 53 and 54: PT Gunta Samba (PT GS) and PT Gunta
Page 55 and 56: Commissioner of PT Indofood CBP Suk
Page 57 and 58: In February 2013, when the Centre f
Page 59 and 60: 18 September 2013, PT Ladang Sawit
Page 61 and 62: 15 May, 2012 Palm fruit ©greenpeac
Page 63 and 64: BANK POLICY REQUIREMENTS FOR PALM O
Page 65 and 66: the potential for greatest influenc
Page 67 and 68: 2013, East Kalimantan: A young oran
Page 69 and 70: kelapa sawit PT KBAS 1 dan KBAS 2 y
Page 71 and 72: terhadap kehidupan masyarakat adat
Page 73 and 74: DIRTY BANKERS 69
Page 75 and 76: METHODOLOGY Mapping analysis: Mappi
Page 77 and 78: 15 July 2013, Manokwari: A tree in
Page 79 and 80: savages HSBC’s Noble intentions
Page 81 and 82: http://www.thisisnoble.com/corporat
Page 83 and 84: 16 July 2013, Manokwari: A black-ca

DIRTY BANKERS

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