Sustainability Update – Sustainability Policy and Implementation Plan
Update on IOI Group Sustainability Palm Oil Policy
Over the last few weeks, we have been working on our revised Sustainable Palm Oil Policy (SPOP) with input from our key stakeholders and the Policy document is being finalised. At the same time, we have also been working on our Sustainability Implementation Plan (SIP), which is a new document setting out clear actions and timelines for delivering the commitments in the SPOP.
The SIP is expected to be finalised within the next two weeks and we are targeting to publish both the documents together as a strong expression of our sustainability commitments and also our seriousness in delivering on those commitments.
Update on the RSPO complaint process
After submitting our report containing the completed action plan and other required documents to RSPO on 29 May 2016, we understand that the Complaint Panel has deliberated on our application to lift the certification suspension on 29 June 2016. However, we have not received any official reply or substantive information from RSPO about the status of our application to lift the certification suspension. We hope that a favourable decision or a substantive reply can be given by RSPO soon.