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https://www.watchindonesia.de/wp-content/uploads/180228-Letter-to-DB-on-Maybank.pdf
To: Mr. Stuart Lewis
Deutsche Bank Chief Risk Officer
stuart.lewis@db.com
Cc: Mr. Werner Steinmüller
Deutsche Bank Chief Executive Officer Asia Pacific
werner.steinmuller@db.com
Dear Mr Lewis,
A report launched today shows that Deutsche Bank is still profiting from controversial palm oil companies, despite its own policies and its participation in the development of the so-called “soft commodities compact”.
The report ‘Maybank: the single largest palm oil financier’ [1], by TuK Indonesia and Profundo, ... read more
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Oil palm plantations seem to be a pest to Indonesian forests. Sumatra and Kalimantan are already plastered with vast plantations, islands that used to be vastly covered by forests. Research on the ecological and socio-economic impacts of this transformation has been conducted for years and years. While results are often complex and not always finding a common answer, data for the affected regions at the same time reveal ... read more
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