HSBC pulls investment from Sinar Mas after Greenpeace protest

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HSBC arrête son partenariat avec Sinar Mas

Paris, France: Logo de l’agence bancaire suisse HSBC. AFP PHOTO LOIC VENANCE

HSBC has sold its shares in Sinar Mas, the Indonesian palm oil producer accused by Greenpeace of illegal deforestation, after becoming the latest target of the environmental NGO’s anti-deforestation protests.

The global bank is the latest in an increasingly long list of major companies dropping the Sinar Mas group. Nestle ditched the palm oil supplier after Greenpeace targeted its KitKat brand and Tesco announced this week it would stop buying pulp and paper from Sinar Mas after Greenpeace released a new report, ‘How Sinar Mas is Pulping the Planet’.

The Guardian

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