DIRTY BANKERS

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HSBC’S LINKS TO DESTRUCTIVE PALM OIL GROUPS KALIMANTAN PAPUA 4 DIRTY BANKERS
BUMITAMA HSBC provided loans (as part of bank consortia) to palm oil subsidiary. PT Andalan Sukses Makmur (PT ASMR), Central Kalimantan; PT Karya Bakti Agro Sejahtera (PT KBAS) and PT Ladang Sawit Mas (PT LSM), West Kalimantan • Deforestation for plantation development (PT ASMR, PT KBAS, PT LSM) • Destruction of HCV forest (PT ASMR, PT LSM) • Development on peatland (PT ASMR, PT LSM), notably a Ramsar wetland (PT ASMR) • Illegal operations: permit irregularities including development without permits (PT KBAS) • Failure to meet timetables for RSPO certification (company level) GOODHOPE / CARSON CUMBERBATCH HSBC provided loans (as part of bank consortia) to palm oil subsidiary. PT Nabire Baru (PT NB), Papua • Deforestation for plantation development • Destruction of HCV forest • Plantation development on peat • Illegal operations: permit irregularities including development without an environmental impact assessment (AMDAL) • Exploitation: taking over indigenous land without free, prior and informed consent (FPIC) and using state security forces to repress local opposition • Failure to meet timetables for RSPO certification (company level) IOI HSBC provided bonds (as part of bank consortia) to parent group. PT Berkat Nabati Sejahtera (PT BNS), PT Bumi Sawit Sejahtera (PT BSS) and PT Sukses Karya Sawit (PT SKS), West Kalimantan; Pelita, Sarawak, Malaysia • Deforestation for plantation development • Destruction of HCV forest • Development on peatland • Fires: extensive fires in 2014 and 2015, and planting observed in previously burned areas • Illegal operations: permit irregularities including development without 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) NOBLE GROUP HSBC provided loans (as part of bank consortia) to parent group. PT Henrison Inti Persada (PT HIP), West Papua; PT Pusaka Agro Lestari (PT PAL), Papua • Deforestation for plantation development (PT HIP, PT PAL) • 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) POSCO DAEWOO HSBC provided loans (as part of bank consortia) to sections of the conglomerate. PT Bio Inti Agrindo (PT BIA), Papua • Deforestation for plantation development • Clearance of HCV forest • Apparent use of fire for land clearance • Violation of the rights of local communities and lack of FPIC • Not a member of the RSPO SALIM GROUP/INDOFOOD HSBC provided loans as sole lender; parent company also received loans from HSBC. Isuy Makmur/Kedang Makmur and PT Gunta Samba Jaya (PT GSJ), East Kalimantan; PT Lonsum concessions, North Sumatra • Deforestation for plantation development (Isuy Makmur/Kedang Makmur, PT GSJ) • Clearance of HCV forest (Isuy Makmur/Kedang Makmur, PT GSJ) • Possible deforestation on peatland (Isuy Makmur/Kedang Makmur) • Rampant fires during 2014 and 2015, including in cleared primary forest areas (Isuy Makmur/Kedang Makmur) • Exploitation: use of child labour, paying below minimum wage and breaches of health and safety standards (PT Lonsum concessions) • Failure to meet timetables for RSPO certification (company level) DIRTY BANKERS 5
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: HSBC Holdings plc, headquartered in
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 and 34: 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 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
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DIRTY BANKERS

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