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HSBC triggers investigation into palm oil company Noble Plantations over deforestations allegations

2017-07-17
Workers at palm oil plantation in Papua. Photo: Agus Andrianto/CIFOR via Flickr (BY-NC-ND 2.0)
2017-07-17

HSBC has triggered an investigation into Noble Plantations following allegations the company was preparing to clear thousands of hectares of rainforest in Papua for oil palm cultivation. In a decision hailed as a first by a major bank, HSBC has asked the Roundtable on Sustainable Palm Oil (RSPO), a sustainability body for the palm oil industry, to investigate the claims. Read more here.

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