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Roger Federer Credit Suisse Ambassador
Roger Federer and Credit Suisse CEO Brady Dougan (Pic: Credit Suisse)


Tennis Star and Credit Suisse Ambassador Roger Federer Encourages Indonesian Rainforest Activists

One of the greatest tennis stars of all time, legend Roger Federer, is calling on Swiss bank Credit Suisse, to review their business relationship with Indonesian pulp and paper group RGE/APRIL, largely responsible for the wide-spread clearcutting of rainforests in the Indonesian province of Riau (Sumatra).

Aapproached last month by Isnadi Esman and Woro Supartinah, two Indonesian activists who had travelled to Switzerland to protest against a 50 million Euro loan granted by Credit Suisse to RGE/APRIL, Federer responded in his role as Ambassor for the bank, "I have learnt about your letter to me, outlining the difficult rainforest situation in Riau. I take your concerns seriously. In response to your letter and as ambassador for Credit Suisse, I would like to emphasize that I will advocate for and have complete trust that they analyse such issues thoroughly, evaluate all options and that their decisions are well thought out."

The tennis star continues: “Additionally, I encourage you to continue the ongoing dialogue with Credit Suisse in order to minimize any sustainability issues and increase the common understanding.”

On 24 April 2015, Isnadi and Woro informed Credit Suisse’s top management on RGE/APRIL’s conduct in Riau at the bank’s annual general meeting in Zurich. The bank’s Chief Risk Officer, Joachim Oechslin, promised to personally vet every potential future transaction with the Indonesian group.

RGE/APRIL has been accused of illegal logging, peatland clearing and numerous human rights violations in their operations in Riau. Credit Suisse, together with a number of Chinese banks, are the Indonesian group’s main financial backers.

Read the letter to Roger Federer from campaigners: BMF_2015_04_15_letter_to_Roger_Federer
Read the letter of response from Roger Federer: BMF_2015_05_08_Letter_from_Roger_Federer

More information:

Bruno Manser Fund
Socinstrasse 37
4051 Basel, Switzerland
Tel. +41 61 261 94 74
www.bmf.ch, www.stop-corruption-dams.org

www.facebook.com/brunomanserfonds.bmf

 
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