Resources

Respecting Rights? Assessing Oil Palm Companies’ Compliance with FPIC Obligations: A case study of Maryland Oil Palm Plantation in south-eastern Liberia

This review is the result of several years of fieldwork by the Liberian civil society organisation Social Entrepreneurs for Sustainable Development (SESDev), in partnership with the UK-based Forest Peoples Programme (FPP), and is part of a UN Food and Agriculture Organisation (FAO) funded project that examines putting into practice in Liberia the FAO Technical Guide entitled ‘Respecting free, prior and informed consent, Practical guidance for governments, companies, NGOs, indigenous peoples and local communities in relation to land acquisition’.

The World Bank’s Palm Oil Policy

In 2011, the World Bank Group (WBG) adopted a Framework and Strategy for investment in the palm oil sector. The new approach was adopted on the instructions of former World Bank President Robert Zoellick, after a damning audit by International Finance Corporation’s (IFC) semi-independent Compliance Advisory Ombudsman (CAO) had shown that IFC staff were financing the palm oil giant, Wilmar, without due diligence and contrary to the IFC’s Performance Standards. Wilmar is the world’s largest palm oil trader, supplying no less than 45% of globally traded palm oil. The audit, carried out in response to a series of detailed complaints[1] from Forest Peoples Programme and partners, vindicated many of our concerns that Wilmar was expanding its operations in Indonesia in violation of legal requirements, Roundtable on Sustainable Palm Oil (RSPO) standards and IFC norms and procedures. Almost immediately after the audit was triggered, IFC divested itself of its numerous other palm oil investments in Southeast Asia.

A Política do Banco Mundial sobre o Óleo de Palma

Em 2011, o Grupo Banco Mundial (WBG na sigla em inglês) adotou um Quadro e Estratégia para investimentos no setor de óleo de palma. A nova abordagem foi adotada sob instruções do ex-presidente do Banco Mundial, Robert Zoellick, depois de uma condenatória auditoria realizada pelo Compliance Advisory Ombudsman - CAO - (Ouvidor para a Verificação do Cumprimento das Regras) da International Finance Corporation - IFC- (Corporação Financeira Internacional) ter revelado que o pessoal da IFC estava financiando o gigante do óleo de palma, Wilmar[1], sem a devida diligência, e contrário às Normas de Desempenho da IFC. Wilmar é o maior comerciante de óleo de palma do mundo, abastecendo nada menos que 45% do óleo de palma comercializado mundialmente. A auditoria, realizada em resposta a uma série de reclamações detalhadas do Forest Peoples Programme e dos seus parceiros, confirmou muitas das nossas preocupações de que Wilmar estava expandindo suas operações na Indonésia, em violação às exigências legais, normas da Mesa Redonda sobre Óleo de Palma Sustentável (RSPO na sigla em inglês) e as normas e procedimentos da IFC. Quase imediatamente depois do início da auditoria, a IFC desfez-se dos seus outros inúmeros investimentos em óleo de palma no sudeste da Ásia.