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" href="javascript:void(0);">About Profundo ">Profile

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">Team

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">Annual reports

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">Jobs

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" href="javascript:void(0);">Clients

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" href="javascript:void(0);">Projects

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" href="javascript:void(0);">Publicity

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Palm oil

As a consequence of the growing global demand for food products, washing powders and bio fuels, the palmoil sector in Indonesia, Malaysia and other countries in South East Asia is enormously growing. This causes a loss of tropical forests, which threatens the biodiversity and loss of land and income possibilities for the local communities.

 

Profundo researches the companies who are active within the palmoil areas and the financial instutions financing these companies. Profundo was involved with the creation of the Roundtable on Sustainable Palm Oil (RSPO), who formulated conditions for the sustainable production of palmoil. Produndo is currently cooperating with social organizations and banks to implement the RSPO-conditions by getting as many as possible banks operating in the Indonesian palmoil sector involved. 

projects

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Dutch banks and foreign land acquisitions
Nearly all Dutch banks invest in companies that acquire land outside the EU and operate in high risk sectors such as agriculture, forestry and biofuels. Land acquisitions often cause the local community to be deprived of its land and resources. This research project for the Dutch Fair Bank Guide concludes that most banks do not enough to prevent this. Their policies must give more specific attention to possible human rights violations in connection to land acquisitions, by demanding from companies to apply the principle of Free, Prior and Informed Consent (FPIC).

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Enhancing financiers' accountability for the social and environmental impacts of biofuels
In this report 20 case studies are used to analyse trends in investments and financing concerning the production of biofuel and feedstock used for biofuel in Asia, Africa and Latin America.
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The financing of logging and agriculture in the DRC

This research project outlines the financial flows into the Democratic Republic of the Congo (DRC), with a particular focus on the conversion of forest areas. The activities and financing of the largest forestry and agriculture companies were researched. In addition, foreign public investment flows of donor countries and multilateral institutions in the areas of forestry and agriculture were identified.

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Biofuel investments in sixteen countries

This research provides an overview of biofuel (ethanol and biodiesel) investments in sixteen countries: Argentina, Brazil, Cambodia, Colombia, Costa Rica, El Salvador, Guatemala, India, Malaysia, Nicaragua, Paraguay, Philippines, Singapore, Thailand, Trinidad and Tobago and Vietnam. Different feedstock, like sugarcane, palm oil, soy and jatropha, were researched. A distinction was made between companies which only engage in the processing of feedstock and vertically integrated companies with both estates and biofuel production facilities.

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The financing of the forest-related activities of the Sinar Mas Group
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Trade and processing of oil palm commodities in the Netherlands

This report analysed developments in global production of, and trade in, oil palm commodities. It then identified Dutch sectors involved in the trade and processing of palm oil into various intermediate and final products. Furthermore it assessed the major market players in each sector and monitored their usage of certified sustainable palm oil.

The Netherlands appears to be responsible for 6% of global palm oil demand. The major part of palm oil and palm kernel oil is exported directly after refinement, while almost all palm kernel meal is processed in the animal feed industry. Of the palm oil and palm kernel oil that remains to be processed into food, feed and technical products such as soap and biodiesel, the food sector is the most important user. 

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Biofuel investments in forest-rich countries of Asia, Latin America and Africa

Globally investments in biofuels have increased over the past ten years. This offers opportunities for development to countries in Asia, Latin America and Africa, but also creates social and environmental risks. When more land is utilised for growing feedstocks fro biofuels, this can lead to deforestation, land right conflicts and a threat for the local food security. This research project aims to gain insights regarding biofuel investment patterns in forest-rich countries of Asia, Latin America and Africa, analyzing the major financiers in this sector and making recommendations on how to steer investments in a more sustainable direction.

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Profiles of palm oil producers
Profundo made profiles of several palm oil producers, based in Indonesia or Malaysia (Kuala Lumpur Kepong, IOI Corporation, Genting Plantations, Sime Darby en TH Plantations). These reports are especially focused on the recent expansions of the oil palm acreage and the financing of the companies since 2005.

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The involvement of Jardine Matheson in the oil palm sector
The Jardine Matheson investment group is headquartered in Hong Kong and her business interests are

engineering and construction, transport services, motor trading, property, retailing, restaurants, hotels and insurance broking. Profundo researched the financial involvement of the Jardine Matheson Group in the Southeast Asian oil palm sector.

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Dutch CDM projects in the palm oil sector
The aim of this paper is to provide an overview of the Clean Development Mechanism projects executed in the palm oil sector in Malaysia and Indonesia which are approved by the Dutch government.

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The financing of the Sinar Mas Group

Which public and private financial institutions have provided new financing to the forest-related activities of the Indonesian Sinar Mas Group (and its subsidiaries) since the financial collapse of Asia Pulp & Paper in 2001? Shareholders, bondholders and banks. This research points out to what degree they are involved.

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Financing of oil palm plantations in Papua
Which oil palm plantation companies are operating or starting to operate in the Indonesian province Papua, and which financial institutions are financing these oil palm plantation companies that are developing more than 2 million hectares with oil palm plantations in Papua.

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Wilmar International

A research paper prepared for the Palm Oil Monitoring Initiative (POMI):

This report looks into the financial situation of Wilmar International (globally the largest processor and trader of palm and lauric oils). The amount of "free money" that Wilmar received is determined, as well as Wilmar's most recent acquisitions and bankloans.

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German banks in the oil palm sector

 German banks could be involved by providing a.o. loans and other credits, investment banking services, investments in shares and bonds, in financing four oil palm plantation groups. However, no evidence was found that German banks did play a role in the past seven years in the financing of the Musim Mas Group and the Wilmar Group. German banks did play a role in the past seven years in the financing of the oil palm activities of the Salim Group and the Sinar Mas Group, but their role was fairly small.

 

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50 Companies with a large Forest Footprint

In this report 50 companies with a major global forest footprint are selected. The companies are not belonging to the Fortune Global 500, but nevertheless are leading producers in five sectors which are known to have a significant impact on forests worldwide.

These sectors are: forestry worldwide, oilpalm in Southeast Asia and elsewhere, and soy,beef and bio-ethanol in South America.

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Sector trends in Chinese overseas investments
Chinese foreign direct investment (FDI) has rapidly increased in importance since 2000, when China officially initiated a "go global" strategy. Starting from virtually no FDI in 1979, the initial year of China's open door policy, China has accumulated over US$ 90 billion of FDI. The objective of this report is to provide an overview of the volume of Chinese foreign investments in 22 countries in Africa, Latin America and South East Asia, in the oil & gas, mining, forestry, palm oil and infrastructure sectors

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Assessment of priority issues for FairFood

Suggestions on the priority of issues concernign several food products. These issues focus for example on corruption, child labour, health or air pollution.

 

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Researching and assessing the fairness of food products.

Powerpoint presentation about the methodology and de sources for research, their relevance, priorities, weak links and criteria. Also short term and long term goals have been discussed.

 

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The financing of the oil palm and pulp & paper activities of the Sinar Mas Group

Public and private financial institutions, like shareholders, bondholders and banks, are presently (during the past three years) involved in financing the oil palm and pulp & paper activities of the Indonesian Sinar Mas Group. This report points out the degree of their involvement in Sinar Mas' subsidiaries.

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HSBC and the Palm Oil Sector in South East Asia

Research into the role of the British bank HSBC in the financing of the palm oil sector in South East Asia.

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Handbook for bankers in the oil palm plantation sector
A detailed handbook for banks active in the palm oil industry, to prevent further financing of non-sustainable plantations which do not meet the RSPO-criteria.
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European financing of agrofuel production in Latin America

Research into the involvement of European banks in the financing of the production of biofuels and the commodities which are used for them (soy, palm oil, sugar) in Latin America.

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Expansion plans of oil palm companies in Indonesia
Overview of the recent expansion plans of the main oil palm companies operating in Indonesia.
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Unilever and palmoil
Paper on the use of palmoil by Unilever in the Netherlands. After a short profile of Unilever, the structure of palmoil import and processing in the Netherlands and the role of Unilever in it is discussed.

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Case studies on Dutch policies affecting forests
Study on the influence of Dutch policies regarding timber, paper, palm oil and soy on deforestation processes in the countries producing and supplying these commodities.

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Buyers and financiers of the Wilmar Group
Study on the buyers and financiers of the Singaporean company Wilmar International, the largest palm oil trader in the world.
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Bank financing of oil palm plantations in Indonesia
This report researches the involvement of financial institutions in the financing of the most important oil palm plantation groups in Indonesia. A total of 33 plantation groups is researched, of which 17 are Indonesian and 8 are Malaysian. Three groups originate from the United Kingdom, two from Belgium and one each from Singapore, Sri Lanka and the United States.

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Strategic analysis of the production chains of palm oil, cocoa and rice
Analysis of the production chains of palm oil, cocoa and rice.

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People, Planet, Palm Oil? - A Review of the Oil Palm and Forest Policies adopted by Dutch Banks
Research on credit policies of Dutch banks with regard to financing palm oil and forestry activities. In cooperation with AIDEnvironment.
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Workshop for Indonesian NGOs: Breaking the commodity curse
Workshop prepared for the meeting of Indonesian NGOs that are concerned with the exploitation of primary materials, and the effect of this exploitation on the local environment.

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Government policies for the benefit of increased sustainability in the soy and oil palm sectors
An analysis of opportunities for new government policies for the benefit of incresing sustainability of the soy and oil palm sectors.

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Palm oil for electricity and biofuel
Study on the effects of the use of palm oil as biofuel and a source of electricity.

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Presentation for Indonesian banks: Risking the forest
Various workshops and presentations for Indonesian banks, NGOs and policymakers, with regard to the production of wood, pulp, paper and palmoil, the risks of these sectors for the environment and living conditions in Indonesia, and the responsibility of the government, producers and financiers of this sector. All workshops and presentations were held on the international conference on forest conservation in Indonesia, organised by o.a. WWF Indonesia.

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Handbook Commodities for Indonesian NGOs

Handbook developed for Indonesian NGOs, with respect to breaking the 'commodity curse'

Indonesian title: Kutukan Komoditas - Panduan bagi ORNOP Indonesia

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Information on PT Antang Ganda Utama
Study on the activities and plantations of the Indonesian company Antang Ganda Utama.

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The banks of Wilmar
Study on the financing of the Asian giant in agribusiness Wilmar.

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Belgian companies in the Indonesian oil palm sector
Investigation on Belgian involvement in the Indonesian palmoil sector.

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The new shareholders of LonSum
Study on the institutional investors owning the Indonesian oil palm company PP London Sumatra Indonesia (LonSum).

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The new relationship between CDC and Indonesian oil palm plantations

Research into the new relationship between CDC and Indonesian oil palm plantations

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European buyers of Indonesian palm oil
Commodity chain analysis of the buyers of Indonesian palm oil in the Netherlands, Sweden and the United Kingdom.
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Wilmar Trading - IFC Project no. 20348
Analysis of the proposed financing through the IFC of oil palm plantation company Wilmar. 
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Recent investment plans for the Indonesian oil palm sector
Investigation in the emerging investments in the Indonesian palmoil sector.

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Who is financing global forest destruction?

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Oilpalm in Indonesia and global banks
Study on the banks involved in financing of Indonesian oilpalm plantations.
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Case study PT Gunung Mas Raya, Indonesia
Assessment of environmental and social investment risks related to the subsidiary of Indofood Sukses Makmur in Rokan Hilir, Riau (Indonesia).

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The financial stakeholders of WTK Holdings Bhd., Malaysia
Study on the shareholders of the Malaysian company WTK Hodings Bhd, which is active in forestry and palmoil.

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Finance, Environment and Sustainable Development
Presentation on Finance, Environment and Sustainable Development.
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Australian economic links with the oil palm sector of Papua New Guinea
Analysis of Australian economic interests in the oil palm sector of Papua New Guinea.

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Financial services to oil palm plantation companies
Screening of potential clients of international financial institutions.

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Implementation Oilpalm agreement
Proposals for negotiations with Dutch financial institutions involved with oil palm production in Indonesia.

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European banks and palm oil and pulp & paper in Indonesia
Study into the involvement of European banks with the Indonesian palmoil, pulp & paper industry.
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Campaign Case Study: Dutch banks commit to forest conservation
Case study of Dutch banks committing to policies with respect to forest conservation.
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Citicorp and PT PP London Sumatra Indonesia Tbk.
Study on the financial ties between the American bank Citicorp and the Indonesian agri-business PT PP London Sumatra Indonesia.

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German corporate links with the Indonesian oil palm sector
Presentation about the German commercial relations with the Indonesian oil palm sector.

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Financial involvement of Dutch banks in the Indonesian oil palm sector
Research into the involvement of Dutch banks in the financing of the Indonesian oil palm sector.
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Campaign Case Study: Dutch banks and Indonesian palmoil
Article written for Focus on Finance about the involvement of Dutch banks with the financing of Indonesian oil palm plantations.
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Kulim (Malaysia) Berhad - A company profile
Company profile of the Malaysian palmoil company Kulim (Malaysia) Berhad.

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Corporate EU-actors in the Brazilian and Indonesian soybean and oil palm production chains
Chain analysis into European commercial players involved in the trade and processing of soybeans and palmoil originating from Brazil and Indonesia.
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US corporate actors and the Indonesian oil palm production chain
Chain analysis into the North-American companies involved in the trade and processing of palm oil originating from Indonesia.

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Kumpulan Emas Berhad - A short profile
Company profile of the Malaysian company Kumpulan Emas Berhad.

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Funding Forest Destruction
Study with AIDEnvironment into the financial ties between Dutch banks and Indonesian palm oil producers.
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Connections between Citicorp and LonSum
Investigation of the North-American bank Citicorp and the Indonesian oil palm producer LonSum.
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