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Corruption Inside Sarawak: Inside Malaysia’s Shadow State
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Malaysiakini
A new video campaign has been launched by Global Witness today, aimed at pressuring on global banking giant HSBC for dealing with logging companies operating in Sarawak’s forests.
The “mockumentary-style” four-minute video stars British entertainer William Edgar Oddie who narrates how HSBC – against its own policies – is funding companies flouting international forestry standards.
The basis for the video is research conducted by international human rights NGO Global Witness, who had last year launched a report condemning HSBC for bankrolling seven logging companies in Sarawak.
According to a Global Witness spokesperson, HSBC’s policy requires its forestry clients to have up to 70 percent of their operations certified by the Forestry Stewardship Council (FSC) – a non-profit international body that performs independent certification for logging and forest products – or an equivalent standard by 2009.
“There is not a single FSC or equivalent certification in Sarawak, which we and (many) others regard as a 100 percent compliance failure,” said the spokesperson.
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HSBC-Sarawak logger links under the spotlight
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