IOI Launches Revised Palm Oil Sustainability Policy and Sustainability Implementation Plan
Following an intensive period of stakeholder consultation, IOI Group today launches its revised Sustainable Palm Oil Policy (SPOP) and its Sustainability Implementation Plan (SIP).
The revised Policy reaffirms our commitments to no-deforestation, no planting on peat, zero-burning on all new planting and re-planting as well as driving socio-economic advancement of the communities. It also introduces new commitments on peatland landscape management and protection, peat land rehabilitation, enhanced fire prevention measures, and the implementation of a more robust labor rights monitoring system. A key element is that we expect and will ensure our suppliers adhere to the same sustainability commitments as us.
The SIP serves as a practical working document that puts into practice the aspirations and commitments stated in our revised Policy. It contains clear activities, milestones and timelines for the delivery of each subject area outlined in the Policy. Over the coming weeks and months, our efforts will focus on the delivery of our commitments as well as continued constructive engagement with stakeholders.
The SIP will be regularly updated over time to reflect stakeholder input and implementation on the ground. We will report on our progress every quarter, beginning in Q4 2016.
For further information, please contact:
Dr Surina Ismail
Group Head of Sustainability
IOI Corporation Berhad
Tel: +603-8947 8888 (ext. 6841)