Banking giant ING under fire for palm oil financing as NGOs file complaint

AMSTERDAM (The Straits Times/ANN): The Dutch unit of the Organization of Economic Co-operation and Development (OECD) will consider a complaint from three NGO's against banking giant ING Groep NV's involvement in the palm oil industry.

Dutch Milieudefensie, Liberian SDI and Indonesian Walhi claimed in July that the Dutch lender continued to finance firms in the industry, even after they had alerted ING about human rights abuses and the environmental impact of the industry.