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Jakarta Post

Greater risks await financiers in palm oil sector, groups say

Jakarta   /   Wed, December 13 2017   /  12:24 am

Indonesia’s financial institutions will face mounting risks, including a bad reputation, violation against prevailing regulations and financial costs, if they continue to fund unsustainable palm oil production, multistakeholder groups have warned.In a study titled “Managing Palm Oil Risks: A Brief for Financiers”, advisory group Landscape Indonesia, multistakeholder body Roundtable on Sustainable Palm Oil (RSPO), the World Agroforestry Center (ICRAF), the Center for International Forestry Research (CIFOR) and Profundo said financiers grapple with greater financial risks today than before, especially in Indonesia, the world’s top palm oil producer, amid stricter environment regulations globally and increased awareness of the public worldwide about consumption of sustainably produced palm oil.Failure to comply with the new policies may prompt the financiers to struggle with higher ...