Deal #3463 Version #61348

Decoris Oil Palm Plantation

ING finances the Singaporean agribusiness Wilmar that in turn finances the Maryland Oil Palm Plantation (MOPP). As of 2018 Wilmar became a sole owner of Nauvu Joint Venture Company, which in 2017 owned 27 percent of the shares in SIFCA that controls MOPP. Sustainable Development Institute (SDI), and Dutch and Indonesian campaign groups Milieudefensie (Friends of the Earth) Netherlands and WALHI, have lodged a compliant with the Organization for Economic Cooperation and Development (OECD) against the Dutch banking giant ING Group. "NGOs alleged that they had informed the bank of human rights violations committed by oil palm companies in Liberia and Indonesia its subsidiaries Noble Group Ltd, Bollore Group/Socfin Group S.A. and Wilmar International Ltd. have investments in. The three NGOs said that it was unlikely that ING would take any actions against its three subsidiaries."