Palm Oil Giant Golden Agri-Resources Removed from Dow Jones Sustainability Index after Bribery and Corruption Scandal

Arrest of company executives tops a long list of abuses

WASHINGTON, D.C. – The Dow Jones Sustainability Index has removed the world’s second largest palm oil company, Golden Agri-Resources, from its list of sustainable companies.

“Golden Agri-Resources’ removal from the Dow Jones Sustainability Index is an important step in holding the company accountable for its consistent abuses,” said Gaurav Madan, senior forests and


Press Advisory: Senate Briefing on Private Investment as Driver of Deforestation and Climate Change

WASHINGTON – With growing concern over the impacts of climate change and related financial risks to U.S. investors, Sen. Brian Schatz (D-Hawaii), Friends of the Earth and Amazon Watch will host a briefing on private investment as a driver of tropical deforestation and related material financial risks to U.S. investors.

Civil society experts from Indonesia, Liberia and Ecuador will present testimonies from the frontlines of tropical deforestation. Analysts from Friends of the Earth and Amazon Watch will detail how investors may be exposed to significant risks related to


Palm Oil Company Golden Veroleum Liberia’s Departs from RSPO, Raising Red Flags for Investors

Years of allegations of deforestation, land grabbing and human rights violations catch up with palm oil company

WASHINGTON, D.C. – Golden Veroleum Liberia (GVL), a palm oil company operating in Liberia since 2012, last week voluntarily suspended its membership in the Roundtable on Sustainable Palm Oil (RSPO) — the sustainability certification body for the industry. GVL’s decision comes after the RSPO rejected the company’s appeal of a ruling that GVL violated RSPO’s Principles and Criteria. 



CalPERS Investment Policy a Victory for People and the Planet

Years-long campaign by Friends of the Earth pushes agency to prioritize human rights, environmental protection in its new investment policy

SAN FRANCISCO – The California Public Employees’ Retirement System quietly approved extensive revisions to its Governance and Sustainability Principles last month, aimed at recognizing and addressing the material risks associated with ecosystem degradation. CalPERS, the largest public pension in the U.S with $356 billion in assets under management, included the revisions as part of its new