Billionaire Clan Fueled by Green Debt Faces Deforestation Claims (1)

Anderson Tanoto, the scion of an Indonesian billionaire whose vast empire supplies companies from Procter & Gamble Co. to Unilever Plc, has been on a green blitz of late.

He spoke about sustainability at Davos this year, after previously addressing the flagship United Nations’ climate-change conference in Glasgow. He’s helped his family’s timber and palm oil conglomerate forge relationships with global banks to become one of Asia’s biggest borrowers in the green loans market.

Anderson Tanoto

Source: Kua Chee Siong/SPHOL

“We have to run our business, but we also have to protect the landscape around us,” Tanoto said at the 2021 premiere ...