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Historia

7 Jun 2023

Indonesia: Moorim P&P suspends pulpwood plantation project following CSOs & FSC concerns over deforestation and violation of indigenous rights

On June 2 2023, Moorim P&P, a South Korean pulp and paper company, announced that it will suspend further investment into its pulpwood plantation project in Papua, Indonesia. Previously, a coalition of six civil society organizations (CSOs) had reported Moorim P&P's project impacted the lives of Indigenous communities in the area without adequate community consultation and prior assessment. The CSOs raised this issue with the Forest Stewardship Council (FSC), which requested Moorim P&P to suspend their project.

Moorim P&P's response to the initial allegations is included in the report. Business & Human Rights Resource Centre also approached ten financial institutions identified as investors of Moorim P&P in April and August of 2022. No official response has been received from the investors.

Respuestas de la empresa

KB Financial Group

Sin respuesta

Samsung Life Insurance

Sin respuesta

Hanhwa Asset Management

Sin respuesta

Mirae Asset Management

Sin respuesta

Korea Investment Holdings

Sin respuesta

NongHyup Financial Group

Sin respuesta

Shinhan Financial Group

Sin respuesta

DB Financial Investment

Sin respuesta

BNK Financial Investment

Sin respuesta

Daishin Securities

Sin respuesta

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