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Home › Dodgy Deals ›
Dodgy Deal
APRILIndonesia

Company – On record

This profile is no longer actively maintained, with the information now possibly out of date
Contact:

nature@banktrack.org

Last update: 2024-05-01 00:00:00
Clearing of natural forest inside a PT RAPP pulpwood concession in Riau, Indonesia. Photo: Ulet Ifansasti and Greenpeace

Company – On record

This profile is no longer actively maintained, with the information now possibly out of date
Contact:

nature@banktrack.org

Last update: 2024-05-01 00:00:00
Why this profile?

Why this profile?

Since its forestry activities started in 1993, APRIL has been involved in hundreds of social conflicts, human rights abuses and environmental disasters. Despite responding to pressure by revising its Sustainable Forest Management Policy in 2015, APRIL has since defaulted on these commitments.

What must happen

Banks and other financial institutions should suspend financial services to APRIL, RGE (APRIL’s corporate owner) and their affiliated entities under common control. They should also refuse to provide any new financing for these companies, their brands or affiliates, until meaningful, all-encompassing changes to business operations have been proven and verified.

About
Sectors Pulp, Paper and Paperboard Mills
Headquarters
Ownership

APRIL is part of Indonesian business tycoon Sukanto Tanoto’s Royal Golden Eagle Group. RGE is a holding company with interests in the paper, palm oil, construction and energy business sectors. For an overview of other APRIL-associated or Tanoto-controlled companies, refer to the Environmental Paper Network’s forest products database.

Subsidiaries
Asia Symbol – China
Bracell – Singapore
Riau Andalan Kertas - Riaupaper – Indonesia
Riau Andalan Pulp & Paper (RAPP or Riaupulp) – Indonesia
Sateri Holdings – China
Website https://www.aprilasia.com/

Asia Pacific Resources International Holdings Limited (APRIL) is Indonesia's second-largest pulp and paper producer (behind APP). Based in Singapore, APRIL is one of Royal Golden Eagle Group’s (RGE) many paper-related subsidiaries. APRIL develops fibre plantations, manufactures uncoated, wood-free paper and is the world’s second-largest producer of bleached hardwood kraft pulp. APRIL’s primary mills are in Indonesia and China and include one of the world’s largest paper mills, Riau Andalan Pulp & Paper in Sumatra. APRIL’s fibre is sourced primarily from Indonesia and Latin America. A variety of brand names are used to sell APRIL’s paper products around the world, including PaperOne, A Plus Paper, Riaupulp Acacia and Tinkle. In addition to its own production, APRIL’s pulp is used by other paper companies in Asia and Europe. The Environmental Paper Network maintains a database of companies directly associated with RGE and APRIL.

Impacts

Impact on human rights and communities

Child labour was exposed in APRIL’s supply chain by Eyes on the Forest in April 2014. While investigating clear-cutting in Sumatra’s Kampar Peninsula by PT Triomas Forestry Development Indonesia, Eyes on the Forest took photographs of children at work for the APRIL supplier. Such arrangements violate national legislation and international standards.

A multinational public health crisis was triggered partially by APRIL in 2015, following a smoke and haze incident to which the company’s land-clearing activities contributed. APRIL was found to be a main perpetrator of fires that burned a total of 2.6 million hectares in Sumatra, Kalimantan and Papua. The fires consumed plantations, forests and peatlands and the resulting smoke and haze consumed Southeast Asia. National emergencies were declared in Indonesia, Singapore, Malaysia and beyond. The crisis killed 19 people and it was estimated that another 500,000 suffered from respiratory tract infections. In 2015, an investigation into the public health impacts of Indonesia’s 2015 forest fires estimated that 91,600 people in Indonesia died prematurely from fine particle exposure, as well as 6,500 in Malaysia and 2,200 in Singapore.

Land-grabbing from Indigenous people and other forest communities that rely on cultivating rubber, sago and other crops has been an APRIL tactic for years. In 2011, for example, residents of Riau’s Kampar Peninsula and coastal islands resorted to sewing their mouths shut to raise awareness of land grabs by APRIL. Released in June 2015, APRIL Group’s Sustainable Forest Management Policy 2.0 committed the company and its affiliates to resolving its existing social conflicts and to respecting Free and Prior Informed Consent (FPIC) requirements. By September 2016, Eyes on the Forest had reported that APRIL was failing to involve affected communities and other key stakeholders in the identification, analysis and resolution of a Sumatran land conflict. APRIL’s 2017 Sustainability Report identified 880 unresolved land conflicts that its supplier PT RAPP was embroiled in, concerning at least 21,000 hectares of land.

Toba Pulp Lestari (TPL) – another company associated with APRIL via Sukanto Tanoto’s Royal Golden Eagle Group – was at the centre of a land conflict with the Indigenous Batak people in North Sumatra. TPL deprived the Batak people of clean watersheds, shelter, medicine, food and livelihoods by converting their ancestral lands into plantations. In late 2016, TPL was ordered to return 13,000 hectares of ancestral lands to Indigenous communities by the Indonesian government. In early 2024, an indigenous leader was jailed for a conflict regarding ancestral land occupied by APRIL’s sister company Toba Pulp Lestari.


Impact on climate

Massive greenhouse gas (GHG) emissions through peatland destruction is just one consequence of APRIL’s practices. A 2016 Wetlands International report argued against APRIL’s claims that peatland can be drained in a sustainable manner that doesn’t result in long-term GHG drainage. According to a 2012 Biogeosciences field study of APRIL’s concessions in Indonesia, the release of CO2 from an acacia plantation on peatlands has been identified as around 80 tonnes per year, per hectare; in 2017, an Environmental Paper Network study surmised that APRIL's supplier plantations on peat therefore emitted more than 19 million tonnes of CO2 annually, which was more than Slovenia’s total annual GHG emissions.

APRIL has repeatedly violated emerging peat legislation. Peat fires deliberately set by the company led to government sanctions in 2016 and APRIL has repeatedly tried to block official inspections on its concessions areas. Indonesia’s Ministry of Environment and Forestry instructed APRIL to block its peatland canals in 2015 but in the following year, three kilometres of deep-peat APRIL canals were found on Padang Island, east of Sumatra. This discovery prompted Greenpeace and WWF to break off their engagement with APRIL. In October 2017, the Indonesian government revoked a forestry permit for APRIL subsidiary PT RAPP. APRIL responded by threatening to fire its workforce, which mobilised them against the government; APRIL also tried (and failed) to sue the Indonesian government. Since then, APRIL continued to operate on drained peat, despite the huge CO2 emissions  and the recurring peat fires.


Impact on nature and environment

Rainforest destruction has been present in APRIL’s supply chain since it commenced forestry activities in 1993. Following years of pressure, APRIL announced its Sustainable Forest Management Policy version 2.0 (SFMP 2.0) in June 2015. The implementation of this zero-deforestation policy has been unsatisfactory however, with violations discovered soon after its publication. For example, APRIL’s pulp mill operating company PT Riau Andalan Pulp & Paper (RAPP) purchased over 2.3 million cubic metres of pulpwood from PT Adindo Hutani Lestari between 2015 and 2019. Adindo cut down an estimated 7,291 hectares of natural forest from 2015-2020, of which over 50% (3,790 hectares) was on peatlands. In November 2018, PT Tanjung Redeb Hutani (TRH) was found to have cleared the equivalent of 190,000 football fields in East Kalimantan in order to supply APRIL with pulpwood.

A joint 2020 report by the Environmental Paper Network and Indonesian NGOs into APRIL’s ongoing destruction of natural areas presented new deforestation cases reported by the Indonesian NGO network, Jikalahari. The network believes that APRIL is using a tactic of setting up a “cooperative” in order to expand beyond its own concessions into community land. Called Koto Intuok Cooperative, the cooperative was granted a permit to operate on 1,565 hectares of land near the Sumatran village of Pulau Padang in 2018. The peat swamp forests located here would be illegally cleared, which would negatively impact the Bukit Rimbang Bukit Baling Wildlife Sanctuary’s ecosystem and violate APRIL’s own policy. Jikalahari also found that the APRIL subsidiary Riau Andalan Pulp and Paper (PT RAPP) is clearing community-owned swamp-forest on thick peatland for acacia plantations. Analysis reveals these new plantations to be on protected peatlands that were identified as restoration priorities by the government following the 2015-2017 burning seasons.

Expanding processing capacity beyond the means of its plantation resources drives APRIL’s deforestation. In 2015, the company committed to becoming self-sufficient for its wood fibre supply before any further expansions of its pulp production. As of 2021 and according to APRIL’s own reporting, it was not yet self-sufficient, remaining dependent on open-market and imports for 20% of its wood fibre. Despite this, APRIL plans to expand the pulp capacity of its Kerinci mill in Indonesia’s Riau Province by 55% and grow its annual wood demand to 22.1 million cubic metres. APRIL is also developing the Kutai Chip Mill for the Chinese market and boosting production capacity at its Brazilian pulp producer Lwarcel Celulose with a new pulp mill in Mato Grosso do Sul. Both of these developments risk deforestation.

The endangerment of Indonesia’s biodiversity has been an inevitable consequence of APRIL’s decision to replace rainforests with plantations. Such activity destroys habitats: in 2005, APRIL was found to be sourcing materials from the rainforests of Bukit Tigapuluh and Kerumutan, which Sumatran tigers rely upon. In 2013, FSC “dissociated” itself from APRIL for “being involved in large-scale deforestation activities in Indonesia and bringing negative social and environmental impacts to areas with high conservation values.”

The decimation of natural forests and peatland was infamously blamed on APRIL – among others – in autumn 2015. “Slash and burn fires” grew out of control amid El Niño-triggered drought conditions. Indonesia lost 2.6 million hectares of forests, peatlands and plantations across Sumatra, Kalimantan and Papua.


Other impacts

Underhand financial arrangements allow APRIL to continue receiving financing from banks such as Credit Suisse and ABN AMRO despite the company’s tarnished reputation. According to a 2017 International Consortium of Investigative Journalists report based on the Paradise Papers, APRIL has shuffled billions of dollars through a web of offshore companies, from the Cook Islands to the British Virgin Islands.

Financiers

Amid deforestation concerns, APRIL financiers Santander and ABN AMRO terminated their work with the company during the early 2010s, while Credit Suisse placed its financial services under review. By May 2016, however, ABN AMRO had participated in arranging a syndicated, three-tranche USD 800 million corporate loan for APRIL, alongside Bank of China and 11 other institutions; see the list below for full details.

In early 2024, Royal Golden Eagle (RGE), a group of companies that APRIL is a member of and effectively managed by, secured an USD 1 billion sustainability linked loan with Commercial Bank of Dubai, E.SUN Commercial Bank, First Abu Dhabi Bank, Hua Nan Commercial Bank, Industrial Bank, MUFG, Shanghai Pudong Development Bank and Bank of Communications (Hong Kong). 

More information on APRIL and RGE financiers is available via the Forests & Finance database (search "Royal Golden Eagle Group").

Institution type
Finance type
Year

Information on financiers APRIL / RGE financiers is also available on forests & finance (see "Royal Golden Eagle Group").

Projects
There are no active project profiles for APRIL now.

Phoenix pulp mill, Tarakan

Indonesia
Project
On record
Pulp, Paper and Paperboard Mills

Phoenix pulp mill, Tarakan

Indonesia
Governance
Bank policies

In 2013, the Forest Steward Council (FSC) had  “dissociated” itself from APRIL, on account of APRIL “being involved in large-scale deforestation activities in Indonesia and bringing negative social and environmental impacts to areas with high conservation values.”

News
BankTrack
Partners
Blog
External
Blog
BankTrack news BankTrack blog Partner news Partner blog

Global bank policies ‘dangerously inadequate’ to prevent financing of deforestation, climate chaos and human rights abuses

As the climate and biodiversity crisis intensifies, credit to forest-risk commodity companies increased 160% between 2020 and 2021.
2022-10-18 | Forests & Finance Coalition
BankTrack news BankTrack blog Partner news Partner blog

Sustainability issues of a wood pulp giant: Indonesian Royal Golden Eagle Group

2022-06-20 | Amsterdam | Aid Environment
BankTrack news BankTrack blog Partner news Partner blog

Indonesia pulp giants’ net-zero pledges are misleading, warn civil society

By excluding their forestry operations, the pulp companies do not report the biggest source of their emissions; mill expansions are set to increase these emissions
2022-06-16 | Forest & Finance coalition
BankTrack news BankTrack blog Partner news Partner blog

ANDRITZ successfully starts up dissolving pulp production plant for Bracell’s “STAR” project, Brazil

2022-05-18 | Andritz
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‘We Hide While Working’: The Life of Children Spraying Poison on a Pulp Plantation

2022-05-04 | Vice
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APRIL Group invests $2.3 billion in paperboard factory in Indonesia's Sumatra

2022-03-29 | Reuters
Blog
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First test of ‘Net Zero’ bank commitments as pulp & paper giants seek finance for expansion that could torpedo Indonesia’s climate goals

Civil society groups warn that material risks to financial institutions haven’t been disclosed
2021-12-13 | BankTrack, Environmental Paper Network, Forests & Finance Coalition
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ALAS KUSUMA GROUP SECOND LARGEST DEFORESTER IN INDONESIA’S PULP AND PAPER SECTOR

2021-04-30 | Aidenvironment
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Omnibus bill on job creation passed into law despite opposition

2020-10-06 | The Jakarta Post
BankTrack news BankTrack blog Partner news Partner blog

Global investors warn Indonesia that jobs bill puts forests at risk

2020-10-06 | Reuters
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The cost of violence in Indonesia – new data indicate USD 1.2 to 10 billion risk from social conflicts involving pulp and paper suppliers

2020-05-04 | Environmental Paper Network, Environmental Paper Network
BankTrack news BankTrack blog Partner news Partner blog

Massive forest fires and haze in Indonesia create public health and climate crisis

2019-09-20 | Indonesia | EPN
Blog
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Massive forest fires and haze in Indonesia create public health and climate crisis

2019-09-19 | Environmental Paper Network
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ABN AMRO exposed to risk for financing APRIL

2019-06-10 | Netherlands | EPN
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Bracell Group Rebrands Bahia Specialty Cellulose and Lwarcel Celulose under ‘Bracell’ Brand

2019-05-30 | Brazil
BankTrack news BankTrack blog Partner news Partner blog

More peatland fire disasters for Indonesia?

2019-02-12 | Indonesia | Environmental Paper Network
Blog
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Investing in a Green Belt and Road? Assessing the Implementation of China’s Green Credit Guidelines Abroad

The Chinese government has become an unexpected leader in pushing for new green credit policies, but are Chinese banks doing their part to keep the belt and road initiative green?
2017-12-13 | Friends of the Earth US
BankTrack news BankTrack blog Partner news Partner blog

Pulp and paper giant sues Indonesian government over peat protection obligation

2017-12-03 | Mongabay
Blog
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The Chain: Paradise Papers Links APRIL’s Tax Avoidance to Deforestation and Banks, Could Impact USD 500 Million Loan

2017-11-16 | Chain Reaction Research
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Leaked Records Reveal Offshore’s Role In Forest Destruction

How lawyers and big banks help one of Asia’s largest paper companies expand despite poor environmental record and social conflicts
2017-11-08 | ICIJ
BankTrack news BankTrack blog Partner news Partner blog

Minister reaffirms APRIL not aligned with peat governance

2017-07-27 | Foresthints
BankTrack news BankTrack blog Partner news Partner blog

APRIL concession lies in deep peat

2017-05-22 | EPN
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After APP, also APRIL sanctioned by the Ministry

2017-03-27 | EPN
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To abide with the law, APRIL and APP should restore 1.7 million ha in their concession

2017-02-15 | APRIL Watch
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The government rejected APRIL proposal on peat

2017-01-03 | EPN
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APRIL Statement on NGOs Suspension from Stakeholder Advisory Committee over Pulau Padang Canal

2016-12-21 | APRIL Dialog
BankTrack news BankTrack blog Partner news Partner blog

WWF and Greenpeace break with Indonesia's pulp and paper giant

Prominent environmental NGOs suspend partnership with April after peatland drainage canal discovered on Pedang Island, Indonesia
2016-12-16 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

Advisory to Buyers and Investors of Royal Golden Eagle / Asia Pacific Resources International Limited (RGE/APRIL)

2016-12-09 | WWF-Indonesia
BankTrack news BankTrack blog Partner news Partner blog

Withdrawing from APRIL’s Stakeholder Advisory Committee

2016-12-08 | Greenpeace
BankTrack news BankTrack blog Partner news Partner blog

Indonesian civil society writes to banks: APRIL failing to implement its own policy

2016-11-29 | Environmental Paper Network
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APRIL supplier fined for illegal logging

2016-11-23 | APRIL Watch
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Advisory Board members ask APRIL to put Indonesian government decisions into action

2016-09-20 | EPN
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APRIL in flagrant violation of its own sustainability policy, according to CSO coalition

2016-09-16 | Foresthints.news
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APRIL concession permit suspended

2016-09-11 | APRIL Watch
BankTrack news BankTrack blog Partner news Partner blog

APRIL proven to have misled the public regarding serious peatland violations

2016-09-08 | Jakarta | Foresthints.news
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Caught in illegal activities, APRIL send the security against the Peat Agency

2016-09-07 | EPN
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RAPP accussed of peatland conversion

2016-09-07 | The Jakarta Post
BankTrack news BankTrack blog Partner news Partner blog

Operations of another APRIL supplier suspended over forest fires

2016-04-14 | Foresthints.news
BankTrack news BankTrack blog Partner news Partner blog

Failure of APRIL's sustainability policy causes regret and dissatisfaction

2016-04-05 | Foresthints.news
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Major APRIL supplier reportedly in serious breach: Greenpeace demands legal action

2016-04-01 | Foresthints.news
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Can Indonesia's forest fires be put out for good?

2016-03-14 | BBC news
BankTrack news BankTrack blog Partner news Partner blog

Indonesia is burning. So why is the world looking away?

2015-11-16 | The Guardian
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Controversy emerges over alleged deforestation policy breach by APRIL supplier

2015-06-23 | Mongabay
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Fourth Stakeholder Advisory Committee (SAC) Meeting Report

2015-06-11 | ARPIL Dialog
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APRIL Group first to receive PEFC certification in Indonesia

2015-06-08 | Jakarta | APRIL
Blog
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APRIL announces new sustainability policy after campaign pressure on its financiers

2015-06-08 | Nijmegen | BankTrack
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Not only on paper, sustainable commitment needs evidence on the ground

2015-06-05 | Eyes on the Forest
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SFMP 2.0 APRIL : Remains weak on management and protection of peat ecosystem

2015-06-05
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APRIL eliminates deforestation across entire supply chain

2015-06-03 | Jakarta | APRIL
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APRIL eliminates deforestation across entire supply chain - pdf

2015-06-03 | Jakarta | APRIL
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New forest conservation policy from pulp and paper giant APRIL shows forest protection becoming way forward for Indonesian industries

2015-06-03 | Jakarta | Greenpeace
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WWF welcomes APRIL's new deforestation moratorium, careful scrutiny required on implementation

2015-06-03 | WWF
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Indonesian Paper Firm April to Halt Deforestation

2015-06-03 | The Wall Street Journal
Blog
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APRIL announcing a new forest conservation policy

-- link does not work
2015-06-03 | Jakarta | EEPN
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Tennis star responds to rainforest advocates

2015-05-20 | Mongabay
Blog
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Roger Federer encourages rainforest campaigners

Tennis star asks Credit Suisse to review the bank's business relationship with Indonesian pulp and paper group RGE/APRIL
2015-05-19 | BASEL, SWITZERLAND / PULAU PADANG, RIAU, INDONESIA | Bruno Manser Fund
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APRIL found clearing natural forest in green belt, supplying natural woods to pulp mill

2015-05-14 | Eyes on the Forest
Blog
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Sumatran activists to challenge Credit Suisse over finance for deforestation

2015-04-24 | Zurich | BankTrack
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Manser Stiftung protestiert gegen die Credit Suisse

2015-04-24 | 10vor10
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Zerstörung des Regenwaldes: Roger Federer soll die Credit Suisse stoppen

2015-04-23 | Finews
Blog
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Tennis Star Roger Federer urged to help stop Credit Suisse from funding deforestation in Indonesia

Sumatra rainforest communities send a cry for help ahead of crucial meeting with Swiss bankers – Credit Suisse asked to stop funding Indonesia’s RGE / APRIL pulp and paper group
2015-04-23 | Zurich | Bruno Manser Fonds
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Was Crédit Suisse damit zu tun hat, dass sich 28 Indonesier die Lippen zunähten

2015-04-22 | Vice
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Activists target Roger Federer as brand ambassador for bank linked to deforestation

2015-04-22 | Mongabay
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APRIL regrets policy breach – takes immediate action

2015-03-28 | APRIL
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APRIL suspends contractor after environmentalists expose ongoing deforestation

2015-03-28 | Mongabay
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APRIL ignores its own sustainability policy

2015-03-26 | Greenomics
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Riau misses deadline on 'village forest' project as zoning deadlock continues

2015-03-19 | Mongabay
Blog
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Credit Suisse breaching its own forest policy by financing Indonesian rainforest devastation

New BankTrack analysis reveals finance for RGE Group breaks all six of the Swiss bank’s exclusion rules
2015-03-17 | Nijmegen
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Credit Suisse vergibt 50-Millionen-Kredit an Regenwaldzerstörer APRIL

2015-03-10 | Greenpeace Switzerland
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Umstrittener Credit Suisse Kredit fur Papiergigant

2015-03-08 | Sonntagszeitung
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ABN AMRO is dedicated to nature conservation

2015-03-06 | ABN AMRO
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ABN AMRO geeft APRIL een rode kaart (ABN AMRO gives APRIL a red card)

2015-03-06 | Greenpeace
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The Bigger Picture: Conservation and Eco-Restoration Sits Alongside Production Forestry In Indonesia

2015-02-25 | APRIL
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GREENPEACE UK ACTION: SANTANDER'S LENDING POLICY, SPECIFICALLY WITH REGARDS TO DEFORESTATION

2015-02-25 | Santander
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Santander Bank cuts off APRIL due to deforestation

2015-02-24 | Mongabay
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Chinese banks funding rainforest destruction in Indonesia

BankTrack mentioned
2015-02-18 | Mongabay
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Banks lend almost $2bn to “Indonesia’s biggest forest destroyer”

2015-02-17 | BankTrack Blog
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More Than 30 Percent of Wood Used by Indonesia's Industrial Forestry Sector Comes From Illegal, Unsustainable Sources

2015-02-17 | Forest Trends
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Santander: Stop Financing Extinction

2015-02-10 | Greenpeace
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Despite green promise, Indonesian forestry giant continues to destroy forests

2015-02-03 | Mongabay
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In pictures: APRIL's unhappy anniversary

2015-01-30
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Response to Greenpeace media statement

2015-01-29 | APRIL Dialog
private BankTrack news BankTrack blog Partner news Partner blog

NGOs say APRIL's policy anniversary without real gain

2015-01-29 | WWF
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Pulau Padang Memanas, Warga Usir Eskavator PT RAPP

2015-01-06 | metroterkini
Blog
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Santander and ABN AMRO refuse to renew loans to APRIL

2015 | BankTrack
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Huge swath of forest in Indonesian Borneo slated for clearing by 'sustainable' company

2014-12-10 | Indonesia | Mongabay
Blog
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Call for banks to divest from APRIL

Social conflict and environmental destruction are rife in its operations
2014-12-10 | Nijmegen | BankTrack, Mandy Haggith – Environmental Paper Network
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EoF files grievance report with APRIL’s Stakeholder Advisory Committee on violations of company policy

2014-11-20 | Eyes on the Forest
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KPMG assesses APRIL’s forest management

2014-08-30 | The Jakarta Post
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APRIL supplier continues deforestation, in breach of APRIL's policy

2014-07-21 | EPN
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El Banco Santander implicado en los incendios de la selva de Indonesia

2014-07-09 | Greenpeace
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6 myths this Indonesian logger didn't want busted

2014-07-08 | Greenpeace
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Singapore logger continues peat clearance despite fire threat

2014-07-08 | Greenpeace
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Indonesia blames eight firms for fires affecting region

2014-06-21 | Reuters
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Indonesian logger: cleared peat forest doesn't have high conservation value

2014-06-17 | Mongabay
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APRIL Makes A Mockery Of Its Own “Sustainable” Forest Policy

2014-06-12 | RAN
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APRIL's forest policy failing to stop rainforest destruction, say green groups

2014-06-06 | Mongabay
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PaperOne's environmental pledge sparks race to clear Sumatran forest

2014-05-30 | The Sydney Morning Herald
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APRIL violates its new sustainability policy in North Kalimantan

2014-05-20 | WWF
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APRIL signed a USD 265 million loan agreement

2014-04-25 | Reuters China
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APRIL continued destroying high conservation rainforest up until January pledge

2014-04-21 | Mongabay
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APRIL continues with forest destruction despite new sustainability policies

2014-03-25 | Greenpeace
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Revelations on illegal Indonesian logging sends clear message to governments and buyers

2014-03-22 | RAN
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Indonesia politician gets 14 years in jail for illegal permits, forest corruption

2014-03-13 | Mongabay
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Indonesia politician gets 14 years in jail for illegal permits, forest corruption

2014-03-13 | Mongabay
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RAN Responds to Indonesian Pulp and Paper Giant's New Forest Policy

2014-01-29
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APRIL's "sustainability" policy a license to continue forest clearance

2014-01-28 | Greenpeace
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APRIL takes its Sustainable Forest Management Polic y to a new level

2014-01-28 | AprilAsia
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Indonesian logger faces expulsion from business sustainability group

2014-01-17 | Mongabay
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Business group WBCSD warns APRIL: clean up or get out

2014-01-17 | Greenpeace
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Singapore officials consider legal action against forest fire companies over the heaviest smog to ever cover the city

2013-06-22 | The Independent
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'The Sumatran rainforest will mostly disappear within 20 years'

2013-05-26 | The Guardian
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APRIL is now the leading driver of deforestation for pulp in Indonesia

2013-03-07 | Greenpeace
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Dozens arrested after community fights deforestation by paper company in Indonesia

2013-03-07 | Mongabay
BankTrack news BankTrack blog Partner news Partner blog

APRIL, Sumatra’s largest pulper of natural forest tangled over legality, social conflicts

2012-12-19 | Eyes on the Forest
BankTrack news BankTrack blog Partner news Partner blog

Ex forestry service imprisoned to 2.5 year for graft case

2012-10-25 | Eyes on the Forest
BankTrack news BankTrack blog Partner news Partner blog

FACTBOX-Indonesia's palm oil tycoons drive investment spree

2012-07-15 | Reuters
BankTrack news BankTrack blog Partner news Partner blog

APRIL concessions protested by communities, one dies at APP site

2012-07-06 | Eyes on the Forest
BankTrack news BankTrack blog Partner news Partner blog

Ministry to sue 14 timber companies by civil case

2012-04-25 | Eyes on the Forest
BankTrack news BankTrack blog Partner news Partner blog

APRIL supplier PT SRL still fells Ramin in Rupat Island

2012-04-05 | Eyes on the Forest
BankTrack news BankTrack blog Partner news Partner blog

NGOs blast APRIL for violence

2012-03-16 | Eyes on the Forest
BankTrack news BankTrack blog Partner news Partner blog

APRIL - PXF financing

2012-03-07 | Trade Finance Magazine
BankTrack news BankTrack blog Partner news Partner blog

Extreme mouth-sewing protest in Indonesia leads to logging inquiry

2012-01-09 | Mongabay
BankTrack news BankTrack blog Partner news Partner blog

APRIL's supplier PT SRL protested in islands

2011-10-21 | Eyes on the Forest
BankTrack news BankTrack blog Partner news Partner blog

APRIL paper contains 80 pct rainforest, says a group

2011-08-21 | Eyes on the Forest
BankTrack news BankTrack blog Partner news Partner blog

Paper/Tiger

2011-08-02 | ABC Net
BankTrack news BankTrack blog Partner news Partner blog

KPK Vows to Pursue Logging ‘Cold Cases’

2011-05-19 | The Jakarta Globe
BankTrack news BankTrack blog Partner news Partner blog

EoF investigation: APRIL’s PT SRL destroys Ramin forest

2011-03-01
BankTrack news BankTrack blog Partner news Partner blog

WALHI releases Investigative Report on APRIL forest clearing

2009-12-23 | Eyes on the Forest
BankTrack news BankTrack blog Partner news Partner blog

Paper Industry Uses Violence and Destroys Tropical Forests in Indonesia

2009-08-08 | APRIL Watch
BankTrack news BankTrack blog Partner news Partner blog

Violent and Anti-Human Acts of PT Riau Andalan Pulp Paper

2006-05-16 | APRIL Watch
BankTrack news BankTrack blog Partner news Partner blog

Bank Mandiri probe debts rise to $1.3bn

2005-04-20 | Financial Times
Resources
Documents
Images
Videos
Links
2023-05-23 00:00:00

Pulping Borneo

NGO document
2023-05-23 00:00:00 | Environmental Paper Network
2015-06-03 00:00:00

Sustainable Forest Management Policy 2.0

Bank policy
2015-06-03 00:00:00 | APRIL
2022-01-31 00:00:00

Human rights policy

Bank policy
2022-01-31 00:00:00 | APRIL
2022-05-10 00:00:00

CSR report 2021

Annual report
2022-05-10 00:00:00 | APRIL
2021-03-16 00:00:00

The industrial tree operations of the Nusantara Fiber group.

NGO document
2021-03-16 00:00:00 | Aidenvironment
2017-04-28 00:00:00

Too Much Hot Air

The failure of the Indonesian pulp and paper industry to reform its management of peatlands
NGO document
2017-04-28 00:00:00 | Environmental Paper Network
2019-11-29 00:00:00

Conflict Plantations

Chapter 2: revealing Asia Pacific Resources International Limited’s trail of disputes across Indonesia
NGO document
2019-11-29 00:00:00 | Environmental Paper Network
2020-10-06 00:00:00

Sustaining Deforestation: APRIL's links with PT Adindo Hutani Lestari undercut "No Deforestation" pledge

NGO document
2020-10-06 00:00:00 | The Indonesian Forum for Environment, Eyes on the Forest, Environmental Paper Network, and others.
2020-09-28 00:00:00

APRIL Group Keeps Destroying Peatlands and Natural Rainforests Amid Covid-19

NGO document
2020-09-28 00:00:00 | Environmental Paper Network
2018-08-27 00:00:00

APP and APRIL violate zero deforestation policies

NGO document
2018-08-27 00:00:00 | WWF
2017-11-24 00:00:00

Letter from 30 Indonesian NGOs to PT RAPP financiers on current situation of PT RAPP (APRIL's main supplier)

Correspondence
2017-11-24 00:00:00 | 30 Indonesian NGOs
2016-12-28 00:00:00

Letter from Jikalahari & JMGR to ABN AMRO on APRIL failing to implement its own policy

Correspondence
2016-12-28 00:00:00 | Jikalahari & JMGR
2016-11-14 00:00:00

Letter from Jikalahari & JMGR to Credit Suisse on APRIL failing to implement its own policy

Correspondence
2016-11-14 00:00:00 | Jikalahari & JMGR
2015-11-11 00:00:00

Ahead of COP Paris, two APRIL joint venture companies are clearing forested deep peatlands in the Kampar Peninsula Landscape

NGO document
2015-11-11 00:00:00 | Greenomics
2015-10-12 00:00:00

Proven beyond doubt, APRIL continues to clear legally-established HCVF areas

NGO document
2015-10-12 00:00:00 | Greenomics
2015-06-15 00:00:00

EU Investors, Land Grabs and Deforestation: Case-Studies

Briefing note
NGO document
2015-06-15 00:00:00 | Fern
2015-06-02 00:00:00

Royal Golden Eagle (RGE) Forestry, Fibre, Pulp & Paper Sustainability Framework

Bank policy
2015-06-02 00:00:00 | RGE
2015-06-01 00:00:00

Progress Report on Actions Taken by APRIL to address SAC Recommendations on SFM Policy Implementation

Company document
2015-06-01 00:00:00 | APRIL SAC
2015-04-24 00:00:00

MINUTES - 2015 Annual General Meeting - CREDIT SUISSE GROUP AG

Friday, April 24, 2015, 10:30-13:50, Hallenstadion, Zurich-Oerlikon
Other bank document
2015-04-24 00:00:00 | Credit Suisse
2015-04-16 00:00:00

Letter to tennis star and Credit Suisse poster boy Rodger Federer, from Indonesian communities, asking for help to stop deforestation

Other document
2015-04-16 00:00:00 | Jikalahari and JMGR
2015-03-26 00:00:00

APRIL'ignores'its'own'sustainability'policy

NGO document
2015-03-26 00:00:00 | Greenomics
2015-03-25 00:00:00

United Nations'2015 International Day of Forests Theme: “Forests / Climate / Change”.

NGO document
2015-03-25 00:00:00 | World Rainforest Movement
2015-03-17 00:00:00

How Credit Suisse is breaching its policies and procedures in financing APRIL/RGE Group’s forest destruction

BankTrack publication
2015-03-17 00:00:00 | BankTrack
2015-03-16 00:00:00

Umstrittener Credit-Suisse-Kredit fur Papiergigant

Die Grossbank leiht einem indonesischen Konzern 50 Millionen US-Dollar entgegen ihrer eigenen Richtlinien
Other document
2015-03-16 00:00:00 | Simon Widmer, Sonntagszeitung
2015-03-08 00:00:00

Umstrittener Credit Suisse Kredit fur Papiergigant

Controversial Credit Suisse Credit for paper giant
Other document
2015-03-08 00:00:00 | Sonntagszeitung
2015-02-17 00:00:00

Indonesia's legal timber supply gap and implications for expansion of milling capacity

A review of the road map for the revitalization of the forest industry, Phase 1
NGO document
2015-02-17 00:00:00 | Forest Trends and partners
2015-02-10 00:00:00

Letter from APRIL to Banktrack on Banking with Principles

Correspondence
2015-02-10 00:00:00 | APRIL
2015-02-10 00:00:00

Letter exchange between Banktrack and APRIL on the "Banking with Principles?" Report

Correspondence
2015-02-10 00:00:00 | Banktrack, APRIL
2015-01-28 00:00:00

First Commemoration - Sustainable Forest Management Policy (SFMP) APRIL

NGO document
2015-01-28 00:00:00 | Jaringan Masyarakat Gambut Riau (JMGR)
2015-01-28 00:00:00

APRIL’s policy anniversary without real gain, NGOs say

NGO document
2015-01-28 00:00:00 | Eyes on the Forest
2015-01-25 00:00:00

Letter from Banktrack to APRIL on Banking with Principle

Correspondence
2015-01-25 00:00:00 | Banktrack
2015-01-20 00:00:00

Update for Customers of RGE Group/APRIL

Deforestation continues - weak policy commitments broken
NGO document
2015-01-20 00:00:00 | Greenpeace
2014-12-23 00:00:00

APRIL’s Response to SAC Recommendations

Company document
2014-12-23 00:00:00 | APRIL
2014-12-18 00:00:00

PT Mayawana Persada, a company whose shareholders include an FSC certificate holder, plans to clear orangutan habitat and HCV areas for the development of pulpwood plantation

NGO document
2014-12-18 00:00:00 | Greenomics
2014-12-17 00:00:00

Letter from APRIL to Banktrack on Banking with Principles

Correspondence
2014-12-17 00:00:00 | APRIL
2014-12-10 00:00:00

Final SAC Recommendations on APRIL’s Sustainable Forest Management Policy Implementation

Company document
2014-12-10 00:00:00 | APRIL SAC
2014-12-10 00:00:00

Letter from EPN to Banks investing in April on APRIL

Correspondence
2014-12-10 00:00:00 | EPN
2014-11-20 00:00:00

APRIL/RGE continues deforestation

PT. RAPP operations violate government regulations and its own sustainability policy in Pulau Padang, Riau, Su matra
NGO document
2014-11-20 00:00:00 | Eyes on the Forest
2014-07-30 00:00:00

Report on continued forest clearance by AHL

NGO document
2014-07-30 00:00:00 | GAPETA Borneo, RPHK and WWF
2014-06-06 00:00:00

Letter from RAN and partners to APRIL on need to improve policy

Correspondence
2014-06-06 00:00:00 | RAN and partners
2014-05-20 00:00:00

Natural Forest Clearance Continues on Deep Peat in APRIL Supplier Concession

NGO document
2014-05-20 00:00:00 | wwf, GAPETA Borneo
2014-05-16 00:00:00

Forest Management Controlled Wood Certification Report of PT MHP

Company document
2014-05-16 00:00:00 | SGS
2014-05-01 00:00:00

APRIL sustainability report 2013-2014

Annual report
2014-05-01 00:00:00 | APRIL
2014-04-24 00:00:00

APRIL clears high conservation value forest in Sumatra’s Kampar Peninsula, as it breaks its own commitment

NGO document
2014-04-24 00:00:00 | Eyes on the Forest
2014-04-11 00:00:00

Presentation: Sustainable Forest Management Policy

Company document
2014-04-11 00:00:00
2014-04-01 00:00:00

APRIL menebangi hutan bernilai konservasi tinggi di Semenanjung Kampar , melanggar komitmennya sendiri

NGO document
2014-04-01 00:00:00 | Eyes on the Forest
2014-03-18 00:00:00

SVLK Flawed: An independent evaluation of Indonesia's timber legality certification system

NGO document
2014-03-18 00:00:00 | Anti Forest-Mafia Coalition (incl WWF, Walhi, Jikalahari and partners)
2014-01-28 00:00:00

Sustainable Forest Management Policy

Company document
2014-01-28 00:00:00
2014-01-17 00:00:00

Advisory note concerning APRIL Group’s membership of WBCSD and the Forest Solutions Group

Other document
2014-01-17 00:00:00 | WBCSD
2013-05-13 00:00:00

Complaint against APRIL to the FSC

NGO document
2013-05-13 00:00:00 | WWF, Greenpeace, RAN
2013-04-12 00:00:00

Advisory note concerning the review of member company APRIL Group against the membership principles of the WBCSD Forest Solutions Group

Other document
2013-04-12 00:00:00 | WBCSD - World Business Council for Sustainable Development
2013-03-30 00:00:00

APRIL: Indonesia’s 2nd Largest Pulp & Paper Company is Making Paper Out of Tiger Rainforest

NGO document
2013-03-30 00:00:00 | Greenpeace
2013-03-07 00:00:00

April trashing rainforest for pulp

Maps of deforestation
NGO document
2013-03-07 00:00:00 | Greenpeace international
2012-12-31 00:00:00

Sustainability Report 2012

Annual report
2012-12-31 00:00:00 | APRIL
2012-12-31 00:00:00

APRIL 2012 HCV commitment

Company document
2012-12-31 00:00:00 | APRIL
2012-12-30 00:00:00

APRIL: Riau, Sumatra’s biggest forest pulper 2009 to 2012

NGO document
2012-12-30 00:00:00 | Eyes on the forest
2012-05-01 00:00:00

Dutch private companies related to APP - Update

A research paper prepared for Greenpeace Nederland
NGO document
2012-05-01 00:00:00 | Profundo
2012-05-01 00:00:00

Dutch private companies related to APP - Update

A research paper prepared for Greenpeace Netherlands
NGO document
2012-05-01 00:00:00 | Profundo
2011-11-01 00:00:00

PT Sumatera Riang Lestari, a timber company affiliated to APRIL, clearcut natural forest in small island Pulau Rupat, Riau Province, in 2011 amid conflict with community

NGO document
2011-11-01 00:00:00 | Eyes on the Forest
2011-10-01 00:00:00

SUMATRA: Update on RAPP’s activities in the Kampar Peninsula, Riau

NGO document
2011-10-01 00:00:00 | Forest Peoples Programs
2011-03-01 00:00:00

Natural forest clearance by PT Citr a Sumber Sejahtera, affiliated to APRIL, becomes evidence of the group’s broken promise for its commitment to forest protection

NGO document
2011-03-01 00:00:00 | Eyes on the Forest
2010-12-31 00:00:00

Sustainability Report 2010

Annual report
2010-12-31 00:00:00 | APRIL
2010-12-31 00:00:00

APRIL 2010 HCV commitment

Company document
2010-12-31 00:00:00 | APRIL
2010-12-05 00:00:00

WWF position on APRIL

NGO document
2010-12-05 00:00:00 | WWF
2010-07-01 00:00:00

Business as Usual in Riau, Sumatra: Pulp Industry Continues Clearance of Natural Forest

NGO document
2010-07-01 00:00:00 | Eyes on the Forest
2010-05-20 00:00:00

Letter to APRIL

NGO document
2010-05-20 00:00:00 | Forest Peoples Programme
2010-05-06 00:00:00

Letter to APRIL

NGO document
2010-05-06 00:00:00 | Jikalahari and Greenpeace
2008-12-31 00:00:00

Sustainability Report 2008

Annual report
2008-12-31 00:00:00
2007-01-01 00:00:00

Investigative Report August 2006

on the legality of APRIL concessions
NGO document
2007-01-01 00:00:00 | Jikalahari, Walhi and WWF
2006-12-31 00:00:00

Sustainability Report 2006

Annual report
2006-12-31 00:00:00 | APRIL
2005-10-25 00:00:00

The financing of the Riau pulp producers Indah Kiat and RAPP

NGO document
2005-10-25 00:00:00 | Profundo
2005-09-18 00:00:00

Assessment of legal aspects of the concession expansion plan by PT. RAPP in Kampar Peninsula and Padagn Island

NGO document
2005-09-18 00:00:00 | Jikalahari
2004-12-31 00:00:00

Sustainability Report 2004

Annual report
2004-12-31 00:00:00 | APRIL
2004-10-01 00:00:00

Swedish involvement in the Indonesian paper and pulp industry

NGO document
2004-10-01 00:00:00 | Profundo
2002-12-31 00:00:00

Sustainability Report 2002

Annual report
2002-12-31 00:00:00 | APRIL
2001-02-09 00:00:00

Paper Tiger, Hidden Dragons 2: APRIL Fools

The social and environmental impacts of APRIL & the paper merchants and financiers who have supported its destructive pulp and paper operations.
NGO document
2001-02-09 00:00:00 | Friends of the Earth

Deforestation map on Pulau Pedang

2014-09-14

APRIL

2014-08-11
Recently deforested peatland inside a PT. Riau Andalan Pulp & Paper (PT RAPP) concession on Pulau Pedang, Riau Province, 05/30/2014. PT RAPP is a subsidiary of APRIL, the pulp & paper division of the RGE Group. 10'53 Recent large-scale clearance of peatland forest inside a PT. Riau Andalan Pulp & Paper (PT RAPP) concession on Pulau Pedang, Riau Province. 05/20/2014. 10'59 Drainage of peatland forest inside a PT. Riau Andalan Pulp & Paper (PT RAPP) pulpwood concession on Pulau Pedang, Riau Province.05/20/2014  11'53 Recent large-scale clearance of peatland forest inside a PT. Riau Andalan Pulp & Paper (PT RAPP) concession on Pulau Pedang, Riau Province. 05/20/2014. 10'59

Greenpeace Indonesia: Deforestation by APRIL (RGE Group)

2022-09-03 18:54:02
No thumbnail available

Don't pulp Pandumaan-Sipituhuta

2014-08-30 10:21:05

Video links

http://streamstudio.world-television.com/CCUIv3/frameset.aspx?ticket=61-65-15645&target=en-default-&status=ondemand&browser=ns-0-0-0-17-0&stream=flash-video-500
Watch questions asked at the 2015 Credit Suisse AGM on APRIL and Bumi: 01:24:20 Question from Lukas Straumann from the Bruno Manser Fund; 01:29:50 Question from Woro Supartinah from Jikalahari; 01:35:15 Woro and Isnadi give a peat sample gift to the Chair of the Board of Credit Suisse; 01:35:31 Question from Merel van der Mark, from BankTrack. 01:36:44 Question from Katya Nikitenko from Greenpeace, on Bumi Resources.
http://www.aljazeera.com/programmes/101east/2011/10/201110257300740552.html

Eyes on the Forest - map of Sumatra

APRIL Watch

APRIL's blog

Business & Human Rights Resource Centre

FSC Watch

Global Forest Watch: Commodities

Hutan Kita Institute of South Sumatra

Environmental organisation promoting sustainable forest ecosystems through research, advocacy, and education

My Open Letter to Sukanto Tanoto

Blog run by Wendy Tanoto, the niece of Royal Golden Eagle Group founder Sukanto Tanoto

Environmental Paper Network

SPOTT - ESG policy transparency assessments

Updates

2024

2024-03-31 00:00:00 | Large scale deforestation connected to APRIL (RGE) - again

In March 2024, a CSO coalition recently published Deforestation Anonymous, a report on massive deforestation taking place in a concession linked to APRIL (PT Mayawana Persada), which is causing social conflicts with indigenous communities and destroying protected species’ habitats. 

The report concluded that Mayawana cleared a forested area roughly half the size of Singapore. On paper, Mayawana is controlled by a chain of holding companies. However, overlapping corporate officers, operational management connections, and supply chain links indicate that the company is linked to RGE and APRIL.

Last year, the same CSO alliance published Pulping Borneo, a report showing how another company under common control of RGE/APRIL, PT Phoenix Resources International, is building a massive new pulp mill (the Phoenix pulp mill) whose demand for fibre will likely fuel a wave of new destruction in the remaining standing forests of Borneo.

These cases are no exception, but fit a pattern of RGE/APRIL and affiliated companies causing severe impacts on the environment and communities, while at the same time benefiting from complex and opaque corporate structures which enable the group to avoid accountability. Civil society groups have been regularly investigating and publishing information about these serious issues. Please see ‘resources’ and ‘news’ for more examples.

2021

2021-12-13 00:00:00 | NGOs reveal significant material risk to banks and investors exposed to APRIL and APP

New analyses by the Environmental Paper Network, Forest & Finance and BankTrack have revealed significant material risk to banks and investors exposed to two of the world’s largest pulp and paper companies, Asia Pulp & Paper and Asia Pacific Resources International Limited.

2019

2019-06-10 00:00:00 | ABN AMRO revives financial relationship with APRIL

In a disclosure to the Environmental Paper Network, Dutch bank ABN AMRO has said it “prefers to engage, rather than divest” from Asia Pacific Resources International Holdings Limited (APRIL). In March 2015, ABN AMRO told Greenpeace that it would no longer arrange loans for APRIL. In December 2018, ABN AMRO was involved in a large new syndicated loan to APRIL.

2017

2017-11-22 00:00:00 | NGOs urge RAPP's financiers to disengage in open letter

Thirty Indonesian NGOs have written an open letter to the financiers of the APRIL subsidiary Riau Andalan Pulp and Paper (RAPP). The letter demands that APRIL’s buyers and investors disengage from all current and potential support for the company, citing RAPP’s destructive practices, underwhelming management practices, non-compliance of industry regulations and ongoing harm to communities and the environment.

2017-11-16 00:00:00 | Paradise Papers link APRIL’s tax avoidance to deforestation and banks

The recent release of the International Consortium of Investigative Journalists’ (ICIJ) Paradise Papers report is calling into question a USD 500 million loan to Riau Andalan Pulp and Paper (RAPP), which is a subsidiary of Asia Pacific Resources International Holdings Limited (APRIL). Potential financiers for the loan include previous lenders ABN AMRO, Maybank and Bank of China.

2017-11-15 00:00:00 | NGOs evaluate Sinar Mas Group and Royal Golden Eagle’s ESG performances

A group of NGOs has published the report “Evaluating the Environmental, Social and Corporate Governance Performance of Sinar Mas Group (SMG) and Royal Golden Eagle (RGE) Companies”. Subtitled “Criteria and Indicators for Assessing and Verifying Performance”, the report sets out specific and measurable performance requirements for SMG and RGE, to facilitate independent assessment of the on-the-ground performance of their affiliated companies, such as APRIL and APP.

2017-01-11 00:00:00 | ABN AMRO lending to APRIL despite own commitment

According to Bloomberg, ABN AMRO was involved in a syndicated loan deal worth USD 800 million for Asia Pacific Resources International Holdings Limited (APRIL) in May 2016. This follows claims made by ABN AMRO to Greenpeace in March 2015 that the bank would not finance new APRIL loans until deforestation stopped.

2016

2016-12-16 00:00:00 | Greenpeace and WWF break off engagement with APRIL

Both Greenpeace and WWF have cut ties with Asia Pacific Resources International Holdings Limited (APRIL) following the discovery of three kilometres of canals through deep peatland on Pedang Island, east of Sumatra. This activity violates APRIL’s own sustainability standards, as well as the Indonesian government’s instructions to block such canals.

2016-04-14 00:00:00 | Indonesia freezes two APRIL-owned super concessions

Following the company’s involvement in forest and peatland fires, Asia Pacific Resources International Holdings Limited (APRIL) has had two super concessions frozen by Indonesia’s Environmental and Forests Ministry.

2015

2015-06-03 00:00:00 | APRIL publishes its Sustainable Forest Management Policy 2.0

APRIL’s new Sustainable Forest Management Policy was released today, following an intensive campaign by a group of environmental organisations. The policy aims to address the company's long-standing social and environmental conflicts and includes an immediate moratorium on logging in natural forests.

2015-04-24 00:00:00 | Credit Suisse places APRIL financing under review, following ABN AMRO and Santander

Credit Suisse’s Chief Risk Officer Jo Oechslin has confirmed that the bank will conduct “no future transactions” with Asia Pacific Resources International Holdings Limited (APRIL) “without his personal involvement and explicit approval." The statement was made during Credit Suisse’s AGM today, in response to questioning from Bruno Manser Fund, Bank Track and Greenpeace representatives. It’s a further financing blow for APRIL, following similar withdrawals from Santander and ABN AMRO this year. On 25th February, Santander decided not to renew its financing following a Greenpeace-led campaign linking the Spanish bank’s loans to deforestation in Indonesia. On 6th March, ABN AMRO halted new APRIL loans until the company can prove it is operating sustainably.

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