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Santander and ABN AMRO refuse to renew loans to APRIL

2015 |
By: BankTrack
2015 |
By: BankTrack

In February, Santander announced its decision not to renew or provide further funding to APRIL, an Indonesian pulp and paper company responsible for large scale deforestation and social conflcits, following months of campaigning inlcuding a Greenpeace petition. Less than two weeks later, ABN AMRO followed suit, telling Greenpeace it will not provide APRIL with new loans until the company stops clearing rainforests and proves that it operates sustainably. ABN AMRO resumed lending to APRIl as of May 2016.

Banks

ABN AMRO

Netherlands
Active

Banco Santander

Spain
Active
Dodgy Deals
There are no active company profiles for this item now.

APRIL

Indonesia
Company
on record
Pulp, Paper and Paperboard Mills

APRIL

Indonesia
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