Description of coal finance has not changed since last year, and its exception provisions still allow the bank to provide financing to coal-fired power projects.
Unilever, Mondelez, Nestle, and Procter & Gamble (P&G), and top palm oil traders including Wilmar are buying palm oil from producers linked to thousands of fire hotspots in Indonesia this year.
No sanctions have been given to the ten palm oil companies with the largest areas of burned land from 2015 to 2018, new Greenpeace Indonesia mapping analysis revealed.
IKEA Foundation has committed $10 million over the next three years (2019 - 2021) to support the ecosystem of entrepreneurs and accelerators addressing Indonesia’s energy access and renewable energy challenges.
Indonesia can become a leader in international climate negotiations by strengthening forest moratorium and peatland restoration policies.
This is not the first time the Indonesian Government has blocked private sector initiatives to increase transparency in the palm oil sector.