Scandinavian banks are funding mining companies and palm oil plantations responsible for deforestation and violence , despite the companies ' commitment to protecting indigenous peoples ' rights , according to a report by advocacy group solidarity . The paper warned of a " human rights crisis " on the island of Borneo , and said local populations had faced " threats and intimidation , destruction of agricultural land and violent confrontations as a result of deforestation . " Swedish banks Handelsbanken and Nordea , and insurance company shareholders welcomed the report .
Scandinavian banks are funding mining projects and palm oil plantations responsible for deforestation and violence, despite the companies' commitments to protecting indigenous peoples' rights, according to a report by campaign group Swedwatch. The paper spoke of a "human rights crisis" on the island of Borneo, and said local populations had faced "threats and intimidation, destruction of agricultural land and violent confrontations as a result of deforestation." Swedish banks Handelsbanken and Nordea, and insurance company Lansforsakringar welcomed the report.