Indonesian NGOs Write to Banks: Stop Financing APRIL

Thirty Indonesian NGOs have sent a letter to twenty banks in China and Europe calling on them to divest from APRIL and its related companies.

In 2015, after a long history of rainforest distraction and community rights abuses, APRIL announced a new commitment. Since then the company has failed at proper implementation. Its suppliers were caught several times violating Indonesian regulations, leading the government to recently suspend its working plan. After years of frustration and a lack of integrity by the company, the only two remaining NGOs have now left the APRIL sustainability advisory committee.

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Paradise Papers for APRIL

An investigation by the International Consortium of Investigative Journalists (ICIJ) reveals that APRIL has shuffled billions of dollars through a web of offshore companies. Big banks such as Credit Suisse and ABN Amro have continued to lend to April’s offshore subsidiaries despite environmentalists’ concerns and the banks’ own sustainability policies.

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Evaluating the Environmental, Social and Corporate Governance Performance of Sinar Mas Group (SMG) and Royal Golden Eagle (RGE) Companies

WWF-Indonesia together with Auriga, Forest Peoples Programme, Hutan Kita Institute, Jikalahari, KKI Warsi, Rainforest Action Network, Titian, Walhi Riau, Walhi Jambi, Wetlands International, and Woods & Wayside International have published Evaluating the Environmental, Social and Corporate Governance Performance of Sinar Mas Group (SMG) and Royal Golden Eagle (RGE) Companies.

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