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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

sustainability policy

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Environment

Analysis: Michelin’s no-deforestation claims in Indonesia rubber plantation a stretch

Rubber manufacturer Michelin claims to have avoided millions of tons of carbon emissions and saved thousands of hectares of primary forest in a sustainable rubber plantation project in Indonesia. Michelin joined the project in 2014 after buying a stake in the Indonesian rubber company RLU, which in 2018 raised $95 million in green bonds. In 2022, Michelin became RLU’s sole shareholder, and repaid the green bonds raised by the project. […]

todayMay 30, 2024 37

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Business / Economics

World Bank’s IFC under fire over alleged abuses at Liberian plantation it funded

    An investigation into the International Finance Corporation’s handling of human rights abuses at a project it financed in Liberia, the Salala Rubber Corporation, is expected to severely incriminate the World Bank’s private lending arm. The World Bank’s Compliance Advisory Ombudsman investigated whether the IFC did enough to address allegations of gender-based violence, land grabbing and unfair compensation by its client, Socfin, between 2008 and 2020. It’s anticipated that […]

todayApril 8, 2024 35

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