A new report urges bank and buyers to stop doing business with Asia Pulp & Paper (APP), one of the world's biggest paper producers, for its alleged failure to uphold its own sustainability commitments.
KLP, with over $80 billion in assets, could divest in traders such as ADM, Bunge and Cargill that deal with Brazilian producers contributing to Amazon deforestation.
One of the world's biggest paper producers has left a trail of conflicts in its two-decade pursuit to develop pulpwood plantations on land also claimed by local communities in Indonesia, activists say.
Organizers of the Asian Games are wary of the event being hit by haze from brush and peat fires in Sumatra.The government has called on pulpwood and oil palm companies to take steps to prevent fires during this year's dry season.
Local and international watchdogs have criticized Asia Pulp and Paper for what they deem a failure to live up to its flagship zero-deforestation policy.
Of the nearly 3,000 villages located within peatlands throughout Indonesia, only one is permitted to manage the forest — a glaring omission that the government has been slow to address through its “social forestry" program.
