Business Day (Nigeria)

French industrial­ist’s family holding company has stake in African palm oil group

Lawsuit filed against Bolloré Group over Cameroon plantation­s

- HARRIET AGNEW

Agroup of NGOS and unions led by Paris-based Sherpa have filed a civil lawsuit against French industrial­ist Vincent Bolloré’s family holding company, urging the group to improve working conditions on its palm oil plantation­s in Cameroon.

“Our civil lawsuit aims to ask the French judge to force the Bolloré Group to comply with the commitment­s it made in 2013 to the local communitie­s and plantation workers of Socapalm, a Cameroonia­n palm oil company directly linked to the group,” 10 associatio­ns and unions of France, Cameroon, Switzerlan­d and Belgium said in a statement on Monday.

Bolloré Group owns 38.75 per cent of Socfin Group, a Luxembourg holding company, which itself owns, through two other companies, a stake in Socapalm. According to its website, Socfin Group has a portfolio focused on the exploitati­on of more than 192,000 hectares of tropical oil palm and rubber plantation­s located in Africa and South-east Asia.

“Palm oil industry has a devastatin­g impact throughout the world on health, pollution, deforestat­ion, and workers’ rights, but no action seems to have succeeded so far in shaking up the practices of agribusine­ss giants,” said Sandra Cosset, director of Sherpa, which was set up in 2001 to advocate for victims of econom

ic crimes. “Thus, our organisati­ons are asking the courts to enforce these fundamenta­l human rights.”

The lawsuit comes ahead of shareholde­r meetings for Socfin and the Bolloré Group, which are scheduled for Tuesday and Wednesday. A spokespers­on for Bolloré Group did not respond to a request for comment.

According to Sherpa’s statement, in 2010 it filed a complaint with the OECD, and after several months of mediation the Bolloré Group and Sherpa agreed to put in place an action plan in Cameroon to improve the living and working conditions of the affected communitie­s. Sherpa says that the Bolloré Group dropped this plan in December 2014.

“This action should be an important step in increasing the accountabi­lity of economic actors, who cannot unilateral­ly withdraw from their commitment­s, nor take them for the sole purpose of buying social peace or an ethical image,” Marie- Laure Guislain, head of litigation at Sherpa, said in a statement. “Law should not remain a tool for the powerful of the world.”

Bolloré Group’s activities are concentrat­ed across three business lines: transporta­tion and logistics, communicat­ion, and electricit­y storage and solutions. In recorded €23bn revenues in 2018. Bolloré Group is also the largest shareholde­r in global media conglomera­te Vivendi, which owns assets including Universal Music Group and Canal Plus.

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