We offer a full apology to our supporters for the series of errors that led to the loss.
We further wish to reassure people that every possible action is being taken to avoid the possibility of such a loss ever occurring again in future.
As a global organisation active in more than 40 countries,
The losses are a result of a serious error of judgment by an employee in our International Finance Unit acting beyond the limits of their authority and without following proper procedures.
While the staff member thought he was acting in the best interest of the organisation and there is no evidence of personal gain he has since been relieved of his position.
We are continuing to explore all options in relation to the error and process failures. We are confident that steps already taken to improve financial controls mean this could not happen again.
The Greenpeace International Board has ordered a complete independent audit to determine how the incident took place and to improve internal procedures.
We will make adjustments for these losses in the coming two or three years by amending planned infrastructure investments. No money will be taken from our frontline campaigning to protect the climate, our oceans, rainforests and precious natural environment.
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