With 2020 fast approaching, time is running out for palm oil supply chain stakeholders – who have made No Deforestation, No Peat, No Exploitation (NDPE) commitments – to implement their policies.
SPOTT assessments can help gauge which companies publicly respond to the requirements created by NDPE approaches. In an overview piece published on the CFA Institute Asia-Pacific Research Exchange (ARX) platform, ZSL reviewed the level of disclosure from 50 palm oil producers and traders relating to 54 indicators relevant to NDPE:
- Deforestation and biodiversity (13 indicators)
- Peat, fires and greenhouse gases (17 indicators)
- Community, land and labour rights (18 indicators)
- Governance and grievances (6 indicators)
The table below shows a snapshot of how different companies compare when scored against a subset of SPOTT indicators.
The variation in scores shows that while some companies already seem to have put comprehensive policies in place to address issues relevant to NDPE commitments, others still lack a robust response to these challenges.
Due to the lack of detail in the documentation made publicly available by companies, and because of the potential delay in or lack of implementation of existing policies and commitments, each company’s approach needs to be reviewed on a case by case basis.
To read the findings of the article in full, create a free account on the CFA ARX website.
For more information and resources about sustainable palm oil production and responsible investment, see recent SPOTT reports and publications.