Jakarta, 30 January 2014 – L’Oreal, the world’s largest beauty and cosmetics company, has committed to remove forest destruction from its products by 2020. Greenpeace expects other companies to follow with more ambitious timelines.

Greenpeace International exposed in a new report today how HSBC, Europe’s largest bank, loaned hundreds of millions of US dollars to some of the most destructive palm oil companies in Indonesia. [1]

HSBC today published a new ‘No Deforestation, No Peat, No Exploitation’ policy covering its financing of palm oil companies. [1]

A major move by Landcorp to rid New Zealand farms of rainforest-destroying palm kernel has been welcomed by Greenpeace.

Fonterra’s announcement that it will clean up its use of palm kernel expeller (PKE) is a good first step, but the dairy giant must move towards a full phase out as soon as possible, says Greenpeace.