DutchNews.nl,
Saturday 28 June 2014
A palm oil
plantation (NOS/AFP)
|
Milieudefensie
says the bank has some €47m invested in Indonesia palm oil company Bumitama
which it says operates illegal plantations and is guilty of illegally cutting
down forests. This, in turn, is threatening the habitat of orangutans, the
organisation says.
Rabobank
says it is in talks with Bumitama in an effort to improve its operations but
Milieudefensie says this is taking too long. ‘Rabobank has showed itself to be
extremely naïve in this and has a blinkered view,’ spokesman Geert Ritsema told
the Volkskrant.
Illegal
deforestation is not only against Rabobank’s own policy but against OECD
agreements on socially responsible business.
If the OECD
upholds the complaint, Rabobank could be excluded from taking part in trade
missions and from some subsidies, the Volkskrant said.
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