US investors ploughing billions into palm oil, claims report | Guardian Sustainable Business | The Guardian
▻https://www.theguardian.com/sustainable-business/2016/jul/26/palm-oil-us-investors-deforestation-land-grabs-pension-funds-banks-fore
Some of the US’ leading institutional investors, including pension funds, are potentially fuelling environmental and social harm by ploughing billions of dollars into the palm oil industry through opaque financial arrangements, a new report claims.
Large investment firms are lagging behind commitments made by consumer brands such as Nestlé, Unilever and McDonald’s by failing to identify whether they are investing in palm oil, which palm oil companies they are involved with, or to hold them accountable over deforestation and land grabbing, the Friends of the Earth US (FoE) report states.