In January 2018, a group of CSOs and local communities from Riau, Jambi, North Sumatra, South Sumatra, West Kalimantan, North Kalimantan, Central Kalimantan and Merauke District of West Papua Province has been planned a national action to stop deforestation and forest degradation caused by the pulp & paper industry. The fundamental goal of this national action is to achieve good governance in timber plantations industry especially pulp & paper that stop deforestation and respected to local community rights.
TuK Indonesia, as one of the CSOs that collaborate in this national action, has asked Profundo to provide research and analysis to support this national action, especially for advocacy toward the financial institutions (priority no. 3). This report is the result of the research and analysis on the major company groups active in the Indonesian pulp & paper sector and the financial risks in their businesses relevant to this sector.
This report shows that each of the eight pulp & paper companies in this research has been implicated in some form of ESG issue and the company structures of a number of these companies are potentially designed to facilitate base erosion and profit shifting (BEPS) and transfer mispricing (tax avoidance strategies).
Read full report by download here:
