A new report by the Forest Peoples Programme launched today demands greater accountability from HSBC, the biggest bank funding the palm oil sector in South East Asia. The fast-expanding palm oil sector is known to be a major driver of deforestation and the take-over of indigenous peoples' lands without their consent. Conflicts between indigenous peoples and palm oil companies are widespread in Malaysia and Indonesia.
Embargoed for 11.30 am local time Barcelona on Tuesday 7th October 2008
Bonn, Germany The findings of two new reports launched today at the Convention on Biological Diversity emphatically demonstrate that global biodiversity will continue to be lost if Protected Areas fail to recognise and respect the rights of indigenous peoples and local communities. The research, conducted in the largest mangrove forest in the world, conversely shows that customary use is fully compatible with conservation and sustainability.