By Ada Anioji, with agency reports
There is outrage over the outcome of aA new Greenpeace France investigations on Socfin, a company owned 38.75% by the oré group, which has revealed the impact of the company’s plantations on forests, communities and wildlife in Africa;
According to details made available to The Difference, the report ‘Africa’s forests under threat’, shows that Socfin’s expansion plans in a dozen countries, mostly in Africa, are threatening forests that are essential for the preservation of climate balances, biodiversity and communities livelihood and calls on CEO Vincent Bolloré to immediately commit against deforestation.
Interestingly, the resouce at the middle of the current situation is palm oil, which has had a long and historic relationship with Africa. And though Africa may only represent a small proportion of global palm oil production today, the run on African forests to satisfy the crop needs is presently having a disproportionate impact on the ecosystem. This explains then why an increasing number of investments are being made, with investors attracted by favourable climatic conditions and above all by soft regulations that are either not applied (in particular due to corruption) or that are particularly favourable to foreign investment
The leading planter in Africa, the Société Financière des Caoutchoucs (Socfin) is little known to the general public but has been operating in the continent for over a century. Heading up Socfin’s shareholdings are two figures of African business: Vincent Bolloré, France’s ninth-richest person who remains highly active in Africa, and the Belgian businessman Hubert Fabri.
In the report, Greenpeace France’s investigations in Democratic Republic of Congo and Sao Tome-Principe, shows that Socfin’s plantations include primary and secondary forests, that store large quantities of carbon. Furthermore, Socfin is involved in many conflicts with forest communities.
“We found that some concessions border onto unique ecosystems, as in São Tomé where they are located next to a national park that is home to remarkable biodiversity. However, unlike its main competitors in the palm oil sector, Socfin has no policy to combat deforestation and end the land conflicts.” says Cécile Leuba, campaigner for Greenpeace France.
In Sao Tome, according to Greenpeace’s estimations, the total amount of carbon stored in these cleared forests exceeded 600 000 metric tons of CO2 equivalent. This is the equivalent of annual emissions from a small coal-fired power station.
The environmental advocacy group is therefore demanding that Vincent Bolloré must use his influence to make Socfin immediately commit to a credible zero deforestation plantation policy that respects the rights of local communities. At the same time, it is insisting that the Bolloré Group must itself publish a zero deforestation policy that covers all of its investments in the sector.
“To prevent African forests from being subjected to the same fate as Indonesian or Malaysian forests, investors must immediately adopt zero deforestation policies, together with social safeguards. The Bolloré Group cannot clear itself of its responsibility with regard to Socfin’s practices.” concludes Cécile Leuba who signed the report for Greenpeace.