{"id":2149,"date":"2019-04-15T14:50:21","date_gmt":"2019-04-15T06:50:21","guid":{"rendered":"https:\/\/www.htoilmachine.com\/blog\/?p=2149"},"modified":"2019-04-15T15:18:06","modified_gmt":"2019-04-15T07:18:06","slug":"london-stock-exchange-refuses-to-remove-palm-oil-firm-from-green-index","status":"publish","type":"post","link":"https:\/\/www.htoilmachine.com\/blog\/palm-oil\/london-stock-exchange-refuses-to-remove-palm-oil-firm-from-green-index\/","title":{"rendered":"London Stock Exchange refuses to remove palm oil firm from green index"},"content":{"rendered":"<p>The\u00a0London Stock Exchange\u00a0Group has refused to remove a palm oil company from an influential investment index of environmentally friendly firms, despite a string of allegations of corruption and unsustainable business practices.<\/p>\n<p>The group\u2019s index subsidiary, FTSE Russell, has written to environmental groups declining to remove Golden-Agri Resources (GAR) from its FTSE4Good indices, which only include \u201ccompanies demonstrating strong environmental, social and governance (ESG) practices\u201d.<\/p>\n<p>GAR, which is headquartered in Singapore and has a market value of 4.1bn Singapore dollars (\u00a32.3bn), trumpeted its inclusion in the FTSE4Good indices in a\u00a0press release in July 2018. Rafael B Concepcion Jr, GAR\u2019s chief financial officer, said the firm was \u201chonoured\u201d by the inclusion.<\/p>\n<p>However, GAR has since been involved in a corruption scandal. In October, Indonesia\u2019s anti-graft agency arrested two senior executives at GAR subsidiaries over allegations of bribery of officials.\u00a0Reuters reported\u00a0that the companies were alleged to have polluted a local lake.<\/p>\n<p>Some environmental groups also\u00a0criticise the production of <a href=\"https:\/\/www.htoilmachine.com\/pro\/palm-oil-processing-c-20\/\">palm oil<\/a>, used in products from soap to food, for its contribution to deforestation.<\/p>\n<p>Dow Jones Sustainability Indices, a US rival to FTSE Russell\u2019s FTSE4Good series, removed GAR from its products in February after Friends of the Earth accused it of \u201cgreenwashing\u201d.<\/p>\n<p>ESG stock market indices are used by investors to allocate billions of pounds of investments.<\/p>\n<p>Gaurav Madan, a senior forests and lands campaigner at Friends of the Earth US, said: \u201cIt is unacceptable that an index provider oriented towards driving sustainability standards should list companies whose business is predicated on an outdated model of industrial production that decimates local communities and globally significant forests.<\/p>\n<p>\u201cGolden Agri-Resources has been involved in well-documented financial crimes, environmental degradation, and human rights violations.\u201d<\/p>\n<p>Friends of the Earth said the inclusion of GAR highlighted the need for standardisation of ESG ratings.<\/p>\n<p>The London Stock Exchange said: \u201cWe can confirm that GAR\u2019s latest assessment did not breach the required threshold in our Controversy Monitoring model to be suspended from the FTSE4Good Index Series. We continue to monitor GAR and the next evaluation will feed into the June semi-annual review process for the FTSE4Good index series.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The\u00a0London Stock Exchange\u00a0Group has refused to remove a palm oil company from an influential investment index of environmentally friendly firms, despite a string of allegations of corruption and unsustainable business practices. The group\u2019s index subsidiary, FTSE Russell, has written to environmental groups declining to remove Golden-Agri Resources (GAR) from its FTSE4Good indices, which only include [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[228],"tags":[156],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>London Stock Exchange refuses to remove palm oil firm from green index - Edible Oil Expeller Machinery<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.htoilmachine.com\/blog\/palm-oil\/london-stock-exchange-refuses-to-remove-palm-oil-firm-from-green-index\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"London Stock Exchange refuses to remove palm oil firm from green index - Edible Oil Expeller Machinery\" \/>\n<meta property=\"og:description\" content=\"The\u00a0London Stock Exchange\u00a0Group has refused to remove a palm oil company from an influential investment index of environmentally friendly firms, despite a string of allegations of corruption and unsustainable business practices. The group\u2019s index subsidiary, FTSE Russell, has written to environmental groups declining to remove Golden-Agri Resources (GAR) from its FTSE4Good indices, which only include [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.htoilmachine.com\/blog\/palm-oil\/london-stock-exchange-refuses-to-remove-palm-oil-firm-from-green-index\/\" \/>\n<meta property=\"og:site_name\" content=\"Edible Oil Expeller Machinery\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/cnoilmachine\" \/>\n<meta property=\"article:published_time\" content=\"2019-04-15T06:50:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-04-15T07:18:06+00:00\" \/>\n<meta name=\"author\" content=\"htblog\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@htoilmachine\" \/>\n<meta name=\"twitter:site\" content=\"@htoilmachine\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"htblog\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.htoilmachine.com\/blog\/palm-oil\/london-stock-exchange-refuses-to-remove-palm-oil-firm-from-green-index\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.htoilmachine.com\/blog\/palm-oil\/london-stock-exchange-refuses-to-remove-palm-oil-firm-from-green-index\/\"},\"author\":{\"name\":\"htblog\",\"@id\":\"https:\/\/www.htoilmachine.com\/blog\/#\/schema\/person\/a0e191dd8e781503d3b4e9e4c30116f1\"},\"headline\":\"London Stock Exchange refuses to remove palm oil firm from green index\",\"datePublished\":\"2019-04-15T06:50:21+00:00\",\"dateModified\":\"2019-04-15T07:18:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.htoilmachine.com\/blog\/palm-oil\/london-stock-exchange-refuses-to-remove-palm-oil-firm-from-green-index\/\"},\"wordCount\":373,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.htoilmachine.com\/blog\/#organization\"},\"keywords\":[\"palm oil\"],\"articleSection\":[\"Palm Oil\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.htoilmachine.com\/blog\/palm-oil\/london-stock-exchange-refuses-to-remove-palm-oil-firm-from-green-index\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.htoilmachine.com\/blog\/palm-oil\/london-stock-exchange-refuses-to-remove-palm-oil-firm-from-green-index\/\",\"url\":\"https:\/\/www.htoilmachine.com\/blog\/palm-oil\/london-stock-exchange-refuses-to-remove-palm-oil-firm-from-green-index\/\",\"name\":\"London Stock Exchange refuses to remove palm oil firm from green index - Edible Oil Expeller Machinery\",\"isPartOf\":{\"@id\":\"https:\/\/www.htoilmachine.com\/blog\/#website\"},\"datePublished\":\"2019-04-15T06:50:21+00:00\",\"dateModified\":\"2019-04-15T07:18:06+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.htoilmachine.com\/blog\/palm-oil\/london-stock-exchange-refuses-to-remove-palm-oil-firm-from-green-index\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.htoilmachine.com\/blog\/palm-oil\/london-stock-exchange-refuses-to-remove-palm-oil-firm-from-green-index\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.htoilmachine.com\/blog\/palm-oil\/london-stock-exchange-refuses-to-remove-palm-oil-firm-from-green-index\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"\u9996\u9875\",\"item\":\"https:\/\/www.htoilmachine.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"London Stock Exchange refuses to remove palm oil firm from green index\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.htoilmachine.com\/blog\/#website\",\"url\":\"https:\/\/www.htoilmachine.com\/blog\/\",\"name\":\"Edible Oil Expeller Machinery\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.htoilmachine.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.htoilmachine.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.htoilmachine.com\/blog\/#organization\",\"name\":\"Wuhan HDC Technology Co.,Ltd\",\"url\":\"https:\/\/www.htoilmachine.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.htoilmachine.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.htoilmachine.com\/blog\/wp-content\/uploads\/2018\/05\/Logo.jpg\",\"contentUrl\":\"https:\/\/www.htoilmachine.com\/blog\/wp-content\/uploads\/2018\/05\/Logo.jpg\",\"width\":2500,\"height\":2500,\"caption\":\"Wuhan HDC Technology Co.,Ltd\"},\"image\":{\"@id\":\"https:\/\/www.htoilmachine.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/cnoilmachine\",\"https:\/\/twitter.com\/htoilmachine\",\"https:\/\/www.instagram.com\/hdcoilmachine\/\",\"https:\/\/www.linkedin.com\/in\/htoilmachine\",\"https:\/\/myspace.com\/htoilmachine\",\"https:\/\/www.pinterest.com\/htoilmachine\/\",\"https:\/\/www.google.com\/+htoilmachinery\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.htoilmachine.com\/blog\/#\/schema\/person\/a0e191dd8e781503d3b4e9e4c30116f1\",\"name\":\"htblog\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"London Stock Exchange refuses to remove palm oil firm from green index - Edible Oil Expeller Machinery","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.htoilmachine.com\/blog\/palm-oil\/london-stock-exchange-refuses-to-remove-palm-oil-firm-from-green-index\/","og_locale":"en_US","og_type":"article","og_title":"London Stock Exchange refuses to remove palm oil firm from green index - Edible Oil Expeller Machinery","og_description":"The\u00a0London Stock Exchange\u00a0Group has refused to remove a palm oil company from an influential investment index of environmentally friendly firms, despite a string of allegations of corruption and unsustainable business practices. The group\u2019s index subsidiary, FTSE Russell, has written to environmental groups declining to remove Golden-Agri Resources (GAR) from its FTSE4Good indices, which only include [&hellip;]","og_url":"https:\/\/www.htoilmachine.com\/blog\/palm-oil\/london-stock-exchange-refuses-to-remove-palm-oil-firm-from-green-index\/","og_site_name":"Edible Oil Expeller Machinery","article_publisher":"https:\/\/www.facebook.com\/cnoilmachine","article_published_time":"2019-04-15T06:50:21+00:00","article_modified_time":"2019-04-15T07:18:06+00:00","author":"htblog","twitter_card":"summary_large_image","twitter_creator":"@htoilmachine","twitter_site":"@htoilmachine","twitter_misc":{"Written by":"htblog","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.htoilmachine.com\/blog\/palm-oil\/london-stock-exchange-refuses-to-remove-palm-oil-firm-from-green-index\/#article","isPartOf":{"@id":"https:\/\/www.htoilmachine.com\/blog\/palm-oil\/london-stock-exchange-refuses-to-remove-palm-oil-firm-from-green-index\/"},"author":{"name":"htblog","@id":"https:\/\/www.htoilmachine.com\/blog\/#\/schema\/person\/a0e191dd8e781503d3b4e9e4c30116f1"},"headline":"London Stock Exchange refuses to remove palm oil firm from green index","datePublished":"2019-04-15T06:50:21+00:00","dateModified":"2019-04-15T07:18:06+00:00","mainEntityOfPage":{"@id":"https:\/\/www.htoilmachine.com\/blog\/palm-oil\/london-stock-exchange-refuses-to-remove-palm-oil-firm-from-green-index\/"},"wordCount":373,"commentCount":0,"publisher":{"@id":"https:\/\/www.htoilmachine.com\/blog\/#organization"},"keywords":["palm oil"],"articleSection":["Palm Oil"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.htoilmachine.com\/blog\/palm-oil\/london-stock-exchange-refuses-to-remove-palm-oil-firm-from-green-index\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.htoilmachine.com\/blog\/palm-oil\/london-stock-exchange-refuses-to-remove-palm-oil-firm-from-green-index\/","url":"https:\/\/www.htoilmachine.com\/blog\/palm-oil\/london-stock-exchange-refuses-to-remove-palm-oil-firm-from-green-index\/","name":"London Stock Exchange refuses to remove palm oil firm from green index - Edible Oil Expeller Machinery","isPartOf":{"@id":"https:\/\/www.htoilmachine.com\/blog\/#website"},"datePublished":"2019-04-15T06:50:21+00:00","dateModified":"2019-04-15T07:18:06+00:00","breadcrumb":{"@id":"https:\/\/www.htoilmachine.com\/blog\/palm-oil\/london-stock-exchange-refuses-to-remove-palm-oil-firm-from-green-index\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.htoilmachine.com\/blog\/palm-oil\/london-stock-exchange-refuses-to-remove-palm-oil-firm-from-green-index\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.htoilmachine.com\/blog\/palm-oil\/london-stock-exchange-refuses-to-remove-palm-oil-firm-from-green-index\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"\u9996\u9875","item":"https:\/\/www.htoilmachine.com\/blog\/"},{"@type":"ListItem","position":2,"name":"London Stock Exchange refuses to remove palm oil firm from green index"}]},{"@type":"WebSite","@id":"https:\/\/www.htoilmachine.com\/blog\/#website","url":"https:\/\/www.htoilmachine.com\/blog\/","name":"Edible Oil Expeller Machinery","description":"","publisher":{"@id":"https:\/\/www.htoilmachine.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.htoilmachine.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.htoilmachine.com\/blog\/#organization","name":"Wuhan HDC Technology Co.,Ltd","url":"https:\/\/www.htoilmachine.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.htoilmachine.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.htoilmachine.com\/blog\/wp-content\/uploads\/2018\/05\/Logo.jpg","contentUrl":"https:\/\/www.htoilmachine.com\/blog\/wp-content\/uploads\/2018\/05\/Logo.jpg","width":2500,"height":2500,"caption":"Wuhan HDC Technology Co.,Ltd"},"image":{"@id":"https:\/\/www.htoilmachine.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/cnoilmachine","https:\/\/twitter.com\/htoilmachine","https:\/\/www.instagram.com\/hdcoilmachine\/","https:\/\/www.linkedin.com\/in\/htoilmachine","https:\/\/myspace.com\/htoilmachine","https:\/\/www.pinterest.com\/htoilmachine\/","https:\/\/www.google.com\/+htoilmachinery"]},{"@type":"Person","@id":"https:\/\/www.htoilmachine.com\/blog\/#\/schema\/person\/a0e191dd8e781503d3b4e9e4c30116f1","name":"htblog"}]}},"_links":{"self":[{"href":"https:\/\/www.htoilmachine.com\/blog\/wp-json\/wp\/v2\/posts\/2149"}],"collection":[{"href":"https:\/\/www.htoilmachine.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.htoilmachine.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.htoilmachine.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.htoilmachine.com\/blog\/wp-json\/wp\/v2\/comments?post=2149"}],"version-history":[{"count":0,"href":"https:\/\/www.htoilmachine.com\/blog\/wp-json\/wp\/v2\/posts\/2149\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.htoilmachine.com\/blog\/wp-json\/wp\/v2\/media?parent=2149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.htoilmachine.com\/blog\/wp-json\/wp\/v2\/categories?post=2149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.htoilmachine.com\/blog\/wp-json\/wp\/v2\/tags?post=2149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}