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Indonesia: HSBC accused of supporting environmental destruction by financing companies linked to unsustainable palm oil; HSBC responds
This report highlights the alleged role of HSBC in deforestation in Indonesia due to its financial relationships with six palm oil companies, described in the report as “some of the most damaging companies in the sector.”
HSBC’s statement is linked below. Business & Human Rights Resource Centre sought responses from three companies that did not respond to Greenpeace's request for comment, based on the published text. Indofood Agri Resources’ response is linked below. IOI Group and Posco have not responded.