Logo of Phnom Penh Post newspaper Phnom Penh Post - Rubber firm vows not to harm forests

Rubber firm vows not to harm forests

Rubber firm vows not to harm forests

Rubber and palm oil giant the Socfin Group has committed to a global “zero-deforestation policy” across Africa and Asia amid a legal dispute with ethnic Bunong communities in Mondulkiri province’s Bousraa commune.

“The group is currently working closely with its partners to implement a ‘Zero Deforestation’ policy,” Socfin said in a statement, adding that it would mean any new plantation development would need to be offset by the preservation of other forested areas it owns.

The firm said it had also committed to not develop areas considered to be “critical habitat” for at-risk species.

Protesters in May gathered at the Bousraa office of Socfin KCD, a joint venture between Socfinasia and the Khao Chuly Group, calling on French industrialist Vincent Bollore, the firm’s biggest shareholder, to honour reported promises of further compensation.

More than 800 families were affected by the company’s roughly 7,000-hectare land concessions. Most have accepted relocation or compensation packages, but about 200 families have yet to find a resolution.

In July, a civil action against Socfin was launched in a French court.

MOST VIEWED

  • Archaeologists find ancient remnant

    A team from the Apsara National Authority (ANA) has discovered a gatekeeper statue’s foot fragment at the Tonle Snguot Temple, within a metre of the toe of a statue found in 2017. ANA spokesman Long Kosal told The Post on Wednesday that the fragment was

  • Hun Sen to the rescue

    Cambodia has won praise for allowing passengers of the MS Westerdam cruise ship to dock at Preah Sihanouk port, thanks to Prime Minister Hun Sen’s humanitarian act. In a message via Twitter on Wednesday, the director-general of the World Health Organisation Tedros Adhanom Ghebreyesu

  • EU partially withdraws EBA

    The EU Commission on Wednesday announced the partial withdrawal of the Everything But Arms (EBA) scheme, citing a serious and systematic violation by Cambodia of principles in the four core human and labour rights. The suspension affects one-fifth or €1 billion ($1.08 billion) of Cambodia’s annual

  • Japan calls for policy changes

    Representatives of Japanese companies and investors on Wednesday submitted a list of policy recommendations to the government concerning 21 challenges to the Kingdom’s business climate. Japanese Ambassador to Cambodia Masahiro Mikami and leaders of the Japanese Business Association in Cambodia (JBAC), Japan International Cooperation Agency

  • Trump tweets praise for Kingdom docking ship

    Cambodia continues to earn praise for its humanitarian act of allowing the MS Westerdam cruise ship with more than 2,200 passengers and crew on board to dock at the Preah Sihanouk port. The praise this time comes from none other than US President Donald Trump. “Thank

  • Hate worse than virus, PM says

    Prime Minister Hun Sen on Tuesday criticised countries that have cancelled flights with China following the outbreak of the Novel Coronavirus (2019-nCoV), arguing that such moves amounted to discrimination against the Chinese. In a speech delivered during the groundbreaking ceremony for work on national roads 2