Company linked to Unilever & Nestlé is using tax havens to hide criminal deforestation HALF the size of Singapore
www.thecanary.co
A single company, linked to Unilever, has deforested habitat half the size of Singapore - but tax havens are hiding who's responsible.
  • pelespirit@sh.itjust.works
    5·
    8 months ago

    I rarely see the word Unilever and it registers, both companies are behemoths and evil.

    The report revealed that Mayawana is using complex corporate structures involving offshore secrecy jurisdictions to continue clearing tropical forests. Mayawana is owned by a chain of holding companies that leads to the offshore tax havens of the British Virgin Islands and Samoa. Neither country requires companies to disclose the names of shareholders to the public.

    RGE is a global producer of pulp, paper, packaging, tissue, viscose, and palm oil. Moreover, it is the parent conglomerate of APRIL, Asia Symbol, Sateri, Apical and Asian Agri. In 2015, RGE – and several of its subsidiaries including APRIL – initiated a policy of “zero deforestation” in its supply chain.

    Naturally, some of the world’s largest fashion brands, consumer goods manufacturers, and mass retailers, purchase products from RGE. These include major brands like Colgate-Palmolive, Kao, Mondelēz, Nestlé, Nissin Foods, PepsiCo, Procter & Gamble, and Unilever. Banks like Mitsubishi UFJ Financial Group (MUFG) also finance RGE’s operations.