Wilmar Is the Most Sustainable and Transparent Palm Oil Company in SPOTT 2021

Doc. InfoSAWIT
Wilmar Is the Most Sustainable and Transparent Palm Oil Company in SPOTT 2021

InfoSAWIT, KUALA LUMPUR – Wilmar International Limited (Wilmar) is the number one palm oil plantation company in 2021 Sustainable Palm Oil Transparency Toolkit (SPOTT) assessment with the total score more than 91 percent in transparent policy and public expose, and also about social environment, and governance (ESG). Wilmar has become part of SPOTT since it was established in 2014. Wilmar was in the fifth rank in 2019 with the total score 81 percent and in the third rank in 2020 with the total score 88,9 percent.

Chief Sustainability Officer Wilmar, Jeremy Goon said that it is an honor to get admission from SPOTT for sustainable palm oil practices and public, transparent expose. Having idea to realize sustainable commitment, Wilmar learnt fast that it is important to report progress for it guides not only to get targets but also to enable our stakeholders to understand what we do, what we face, and what we achieved.

“We are not satisfied yet because we keep running in this path of sustainability. We also realize that there are spaces to improve and as the leader in this industry, we have to maintain our high standard and work ethos,” he said, as in the official statement to InfoSAWIT, Wednesday (1/12/2021).

For information, SPOTT was independently developed and managed by Zoological Society of London (ZSL), an international conservation charity that specializes in wild conservation and environment for almost 200 years. SPOTT assessed more than 100 producers, processors, traders of many commodities, such as, natural rubber, palm oil, pulp, and wood globally by using more than 180 ESG indicators in 10 categories that relate to commitment, practices, and sustainability exposure. SPOTT assessment is referred to investors, buyers of commodity, and other stakeholders to LST risk management and urge transparency in all private sectors.

Wilmar has been in Dow Jones Sustainability Indices (DJSI) World Index in food, beverage and tobacco industry in ESG after it was in DJSI Asia Pacific Index in 2020.  Wilmar is also part of FTSE4 Good Developed Index and FTSE4Good ASEAN 5 Index in June 2021. Index series of FTSE4Good are index group of the first ESG in the world. (T2)