Sawit Sumbermas Sarana IPO Report

December 2013

Climate Advisers, Profundo, and other groups have released a new analysis that discusses serious undisclosed risks associated with the scheduled December 12 Initial Public Offering of the palm oil company PT Sawit Subermas Sarana (SSMS) on the Jakarta Stock Exchange. The report highlights poor social and environmental practices carried out by SSMS, including holding contested land banks and engaging in illegal deforestation, in addition to financial decisions that underrepresent shareholders and demonstrate a clear conflict of interest with lenders. This analysis is the first product of a new series produced by Profundo, Climate Advisers, and other partners that will provide analysts and investors with reliable, thorough, and financially actionable information about sustainability and governance performance of key companies in commodity sectors that may be linked to deforestation.