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BlackRock accused of ESG inconsistency over Indonesia palm oil – Financial Times

Fund giant invested in group facing allegations of land grabs and poor environmental standards



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BlackRock has been accused of inconsistency in its approach to sustainable investing over its backing of a shareholder protest against Procter & Gamble’s sourcing of palm oil.
The world’s biggest investment group, which has made ambitious commitments to environmental, social and governance standards, in October joined an investor rebellion at P&G over the consumer goods group’s wood pulp and palm oil supply chain, which extends into Indonesia.
P&G has since asked its Singapore-based supplier Wilmar…

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