A BHL company plantation in the district of Kapuas in Central Kalimantan, Indonesia, in 2021.
Source: AidEnvironment
A Billionaire Family Fueled by Green Debt Faces Deforestation Claims
The Tanotos’ Royal Golden Eagle, which helps make household products from P&G’s Head & Shoulders shampoo to Unilever’s Fudgsicles, denies the allegations while touting its sustainability efforts.
Anderson Tanoto, the scion of an Indonesian billionaire whose vast empire supplies companies from Procter & Gamble Co. to Unilever Plc, has been on a green blitz of late.
He spoke about sustainability at Davos this year, after previously addressing the flagship United Nations’ climate-change conference in Glasgow. He’s helped his family’s timber and palm oil conglomerate forge relationships with global banks to become one of Asia’s biggest borrowers in the green loans market.