Bank memberi pinjaman berlatar “Keberlanjutan” bernilai miliaran kepada firma-firma sawit yang terkait kasus “deforestasi”

Global Witness reports that between 2018 and 2025, banks provided $31 billion in sustainability-linked loans to palm oil companies facing deforestation allegations. The report highlights a systemic failure in the SLL model, where companies like Wilmar, Musim Mas, and Olam Group access 'green' funding while allegedly continuing deforestation through direct concessions or third-party 'shadow networks.' It criticizes the reliance on voluntary standards and the lack of public disclosure regarding Key Performance Indicators (KPIs), arguing that these loans often serve as greenwashing tools rather than drivers of environmental improvement.

• Between 2018 and 2025, banks provided sustainability-linked loans (SLLs) totaling $31 billion to companies facing allegations of deforestation within their supply chains.
• Wilmar International is linked to the loss of 4,200 hectares of primary forest between 2016 and 2024 within its own concessions, occurring after its 2015 'no deforestation' policy deadline. Additionally, Wilmar may be connected to 239,000 hectares of deforestation through third-party suppliers in the same period.
• Major international financial institutions, including Standard Chartered, HSBC, Barclays, and Crédit Agricole, have facilitated SLLs for companies like Wilmar, Musim Mas, and Olam Group despite ongoing allegations of corruption and deforestation.
• The SLL market is characterized by a lack of transparency, as companies are not required to publish their Key Performance Indicators (KPIs) or their achievement status, allowing firms to effectively self-grade their sustainability performance.
• Palm oil companies may use 'shadow networks' of legally separate but informally linked companies to bypass deforestation policies while still accessing sustainability funding through recognized entities.
• In West Sumatra, Wilmar is accused of structural conflicts with local communities, including the Minangkabau people, involving the seizure of ancestral lands without proper consent (FPIC) and the erosion of matrilineal cultural structures.
• The European Union Deforestation Regulation (EUDR) is viewed as a critical tool to force due diligence, as it will ban palm oil sourced from land deforested after December 2020 from the EU market.

APA

Global Witness (n.d.). Bank memberi pinjaman berlatar “Keberlanjutan” bernilai miliaran kepada firma-firma sawit yang terkait kasus “deforestasi”. https://globalwitness.org/id/campaigns/forests/banks-loan-billions-to-deforestation-risk-palm-oil-companies/

Chicago

Global Witness. Bank memberi pinjaman berlatar “Keberlanjutan” bernilai miliaran kepada firma-firma sawit yang terkait kasus “deforestasi”. n.d. https://globalwitness.org/id/campaigns/forests/banks-loan-billions-to-deforestation-risk-palm-oil-companies/.

Wikipedia

{{cite report |author=Global Witness |title=Bank memberi pinjaman berlatar “Keberlanjutan” bernilai miliaran kepada firma-firma sawit yang terkait kasus “deforestasi” |url=https://globalwitness.org/id/campaigns/forests/banks-loan-billions-to-deforestation-risk-palm-oil-companies/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{globalwitnessndbank, author = {{Global Witness}}, title = {{Bank memberi pinjaman berlatar “Keberlanjutan” bernilai miliaran kepada firma-firma sawit yang terkait kasus “deforestasi”}}, institution = {Global Witness}, url = {https://globalwitness.org/id/campaigns/forests/banks-loan-billions-to-deforestation-risk-palm-oil-companies/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }