SPOTT assesses the most impactful producers, processors and traders in the palm oil sector on their public disclosure regarding the organisation, policies and practices related to environmental, social and governance (ESG) issues.
Assessed companies are reviewed on an annual basis to ensure that their inclusion continues to align with this aim and with the needs of our users. The review process includes desktop research as well as consultation with our Technical Advisory Groups. Our selection process takes into account a variety of factors, including the location and extent of the producing and/or processing operations, nominations by interested stakeholders, companies that have volunteered for assessment, evidence of unsustainable practices identified through media reports, and donor expectations.
One company to be removed from SPOTT in 2022
IJM Plantations Bhd will be removed from the SPOTT assessments this year, as it was acquired by SPOTT-assessed Kuala Lumpur Kepong Bhd in 2021. IJM Plantations Bhd’s reporting will now be included in Kuala Lumpur Kepong Bhd’s assessment. All previous assessments of these companies will remain accessible through the SPOTT website.
One company to be included on SPOTT in 2022
The removal of one company from the palm oil assessments in 2022 allows for the inclusion of one new company. In line with our company selection process, we have identified Dhanistha Surya Nusantara as an important company based on consultation with key stakeholders, as well as research of media stories and deforestation rates. ZSL has notified the selected company regarding their forthcoming assessment on SPOTT.
SPOTT assessments of palm oil companies will begin in June, and we will contact companies with their draft assessments in August/September, providing them with the opportunity to make further disclosures ahead of the final review and publication of assessments. Final assessments will be published on SPOTT in November 2022, ahead of the Roundtable on Sustainable Palm Oil (RSPO) Annual Roundtable on Sustainable Palm Oil (RT2022).