Nestle boycotts shady Guatemalan palm oil company

Print article Published: Wednesday, 07 February 2018 17:03

Nestle announced on Tuesday that it will no longer purchase palm oil from a Guatemalan company that faces corruption allegations from the Central American island’s prosecutor.

The Swiss multinational food and beverage company explained on its website that it would end its relationship with Reforestadora de Palmas del Peten S.A. (Repsa) following allegations that it paid bribes to receive tax credits.

“We have decided to stop our sourcing of palm oil from REPSA. We will honor existing contracts with the company, however these will not be renewed,” Nestle said, clarifying that the commercial relationship would be terminated by September.

“We worked diligently with REPSA on the ground in Northern Guatemala to address serious allegations made against it related to the violation of workers’ and communities’ rights, and environmental degradation – behaviours which are totally unacceptable to Nestlé,” the company said.

More:
https://www.occrp.org/en/daily/7611-nestle-boycotts-shady-guatemalan-palm-oil-company