Carrefour drops products from Indonesia's APP
* Suspends sourcing of APP products until further notice
* Cites sustainability concerns
* Indonesia's APP calls allegations "ridiculous"
By Sunanda Creagh
JAKARTA, July 7 - French retail giant Carrefour (CARR.PA: Quote) said on Wednesday it will stop buying certain products from Indonesian paper firm Asia Pulp and Paper (APP), citing concerns over environmental sustainability.
The decision came a day after Greenpeace aired fresh accusations that APP -- owned by the Sinar Mas group -- was planning to destroy Indonesian rainforest and called on retailers including Carrefour to stop buying its products. [ID:nJAK226637].
APP has rejected the allegations as "ridiculous".
Preservation of rainforest and peatlands is seen as crucial to putting a brake on climate change because they trap vast amounts of greenhouse gases. Continued...