Deforestation briefing: Fresh hope in battle to save the orangutan from palm oil

Gabriel Thoumi, director of capital markets at New York-based Climate Advisers, and one of the authors of the Chain Reaction report, says many small and mid-sized Malaysian companies have both palm and rubber plantations, and overlapping boards.

He points to an additional problem: while deforestation-free commitments bind individual companies, joint ventures, even between two companies that have individually made zero-deforestation commitments are not covered. “There’s a gaping hole in the NPDE in that it doesn’t cover joint ventures, and in some cases a significant amount of revenue is coming to the companies from their joint venture sales.”
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