IOI is a major supplier of palm oil. Amongst its high profile clients are Nestle, the world's largest consumer foods group known for its global brands such as Kit Kat, and Neste Oil, a leading oil refining and marketing company which recently built a major biofuels refinery in Singapore.
IOI expanded its operations to Indonesia in 2007 in order to meet the increasing demand. The company bought over 150,000 hectares of new concessions on Borneo and it is on these concessions that IOI is accused of illegally clearing rainforest, peat land and habitat of the endangered orangutans. IOI is also a palm oil intermediary in the sourcing of palm oil from other producers to meet the demand of its customers.
As a palm oil plantation developer and producer, IOI is accused of
"No approved environmental impact assessments ... Fraudulent statements ... Unauthorised plantation development in forestland ... Encroachment in forested land ... Fires on IOI concessions in Ketapang ... Land conflicts in the making"
As a palm oil trader, IOI is part of the "chain of destruction" from environmentally destructive palm oil producers to food products retailers:
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Indeed, the pressure is mounting on the palm oil industry to put a halt to its corporate social hypocrisy. Two of the largest palm oil producers have been "Caught Red Handed" and it is time for the destruction to stop.
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