...POSCO International by the activities of its subsidiary, PT. Bio Inti Agrindo (PT. BIA) in Papua, Indonesia, has been producing palm oil and selling it in the global market. Through the operation of oil palm plantation, it caused the adverse impacts such as deforestation and infringing the rights of indigenous people, but failed to take remediation or preventive measures to address the adverse impacts. Meanwhile, public institutions are also directly linked to PT. BIA’s palm oil business through their financial services. The Export-Import Bank of Korea (KEXIM) has provided loans for PT. BIA’s operations and the National Pension Service (NPS) holds more than five percent share in POSCO International. KEXIM and NPS are directly linked to the adverse impacts by financial services provided to POSCO International, but did not carry out human rights due diligence.

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Consent was neither given collectively by the communities in accordance with their customs and traditions, which is against the FPIC. It was also reported that the indigenous people did not fully understand the implication of the transfer of the land use rights for the concession area, which shows that it was not “informed” consent.

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communities. Following the development of the PT BIA plantations, local residents can no longer drink the water or use it for daily use. It has also been reported that the river has become murky, and deformed and dead fish have been found.