Korindo: Korean palm oil giant stripped of sustainability status

Sun Online Desk

15th July, 2021 02:20:23 PM printer

Korindo: Korean palm oil giant stripped of sustainability status

A Korean palm oil giant has been rejected from the world's leading green certification body in the wake of a investigation.

The Korindo group had been buying up swathes of Asia's largest remaining rainforests in the remote Indonesian province of Papua, BBC reported.

A visual analysis suggested that fires had then been deliberately set to these forests, a clear violation of the Forest Stewardship Council (FSC).

The regulator's tree logo - found on paper products throughout the UK and Europe - is meant to tell consumers the product is sourced from ethical and sustainable companies.

Korindo controls more land in Papua than any other conglomerate. The company has cleared nearly 60,000 hectares of forests inside its government-granted concessions - an area the size of Chicago or Seoul.


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