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IOI Corporation Bhd

  • Parent company:
    N/A
  • Landbank (oil palm):
    238,881 hectares
  • Palm cultivation revenue:
    14.4%
  • Market cap:
    6,582,490,624 USD
  • Thomson Reuters ticker:
    IOIB.KL
  • Bloomberg ticker:
    IOI MK
  • ISIN:
    MYL1961OO001
  • RSPO member?
    Yes
  • Website:

Company assessment: IOI Corporation Bhd

SPOTT assesses companies against over 100 indicators across ten categories. Click on the icons or bars below to expand each category for further details, scoring and links to reports and sources.

65.5% 84.5 / 129 Total:
  • Sustainability policy and leadership Sustainability policy and leadership 4.5 / 6 75%
    • Companies should publish sustainability policies or similar covering their entire supply chain — including third party suppliers — implemented and enforced through high-level leadership that engages with wider industry schemes.

    • Yes
      1 / 1
      Source

      1. Sustainable palm oil policy or commitment for all its operations?

      The company states its Sustainable Palm Oil Policy applies "to all IOI operations worldwide, including our subsidiary companies, joint ventures and companies in which we have management control".

    • Yes
      1 / 1
      Source

      2. Policy or commitment applies to direct and third-party suppliers?

      The company states "Any existing or potential supplier to the IOI Group, both direct and indirect through a trading partner, is required to comply with the IOI Sustainable Palm Oil Policy" including third party suppliers.

    • Yes
      1 / 1
      Source

      3. High-level position of responsibility for sustainability?

      Head of Sustainability.

    • Partial
      0.5 / 1
      Source

      4. Sustainability report published within last two years?

      No sustainability report, but Annual Report includes sections on sustainability, plus updates on Sustainability Implementation Plan.

    • Partial
      0.5 / 1
      Source

      5. Member of industry schemes or other external initiatives to improve palm oil sustainability or transparency?

      Member of Fire Free Alliance.

    • n/a
      -
      No source

      6. Verification report on compliance with POIG Charter, if a POIG member?

      This indicator is disabled as it is not applicable to this company.

    • Partial
      0.5 / 1
      Source

      7. Activities with government and/or NGOs to improve palm oil sustainability?

      IOI engaged with NGOs after complaint by Aidenvironment to RSPO and subsequent suspension of RSPO certification.

  • Landbank, maps and traceability Landbank, maps and traceability 14 / 19 73.7%
    • Companies should publicly report figures on their total landbank and details of different areas under their management. They should also disclose maps of their management areas and provide details on traceability of their products, both to mill and plantation level.

    • Yes
      1 / 1
      Source

      8. Total land area managed/controlled for oil palm (ha)?

      238,881

    • Yes
      1 / 1
      Source

      9. Total oil palm planted area (ha)?

      217,918

    • Yes
      1 / 1
      Source

      10. Plasma/scheme smallholders planted area (ha)?

      4,459

    • Yes
      1 / 1
      Source

      11. Unplanted (areas designated for future planting)(ha)?

      8,836

    • Yes
      1 / 1
      Source

      12. Conservation set-aside area, including HCV area (ha)?

      7,668.07

    • Partial
      0.5 / 1
      Source

      13. Area for infrastructure (ha)?

      28,189 - The company states this area is for "Labour lines, building sites and others", but unclear exactly what this includes.

    • Yes
      1 / 1
      Source

      14. Number of company owned mills?

      15

    • Yes
      1 / 1
      Source

      15. Maps of company owned mills?

      Concession boundaries have been made available to the RSPO and the company declares these represent 100% of their concession sites, but not all may not be publicly available due to ongoing legal issues.

    • Yes
      1 / 1
      Source

      16. Number and names of supplying mills?

      1,429

    • Yes
      1 / 1
      Source

      17. Maps of estates/management units?

      Concession boundaries have been made available to the RSPO, but not all are publicly available due to ongoing legal issues. The company provides a map of estates with point locations, but the boundaries of concessions are not publicly available (need to register to download).

    • No
      0 / 1
      No source

      18. Maps of scheme/plasma smallholders?

    • Yes
      1 / 1
      Source

      19. Time-bound commitment to achieve 100% traceability to mill level?

      2018 - Commit to all volumes of palm oil and palm oil fractions will be 100% traceable to mills by the end of 2016 while palm kernel oil volumes will be traceable to crushers by end 2016 and to the mills by end 2018.

    • Yes
      1 / 1
      Source

      20. Time-bound commitment to achieve 100% traceability to plantation level?

      2020

    • Partial
      1.5 / 2
      Source

      21. Percentage of supply traceable to mill level (is 100%)?

      99% for palm oil and 96% for palm kernel oil.

    • Partial
      1 / 2
      Source

      22. Percentage of fresh fruit bunches (FFB) from own mills traceable to plantation level (is above 75%)?

      25% for palm oil and 21% for palm kernel oil.

    • No
      0 / 2
      No source

      23. Percentage of fresh fruit bunches (FFB) from supplying mills traceable to plantation level (is above 75%)?

  • Deforestation and biodiversity Deforestation and biodiversity 8.5 / 12 70.8%
    • Companies should commit to address deforestation and to set aside areas for conservation. They should report on any activities to manage or restore habitat in their conservation areas, or monitor deforestation in their supply chains. They should also provide evidence of species conservation and biodiversity protection.

    • Yes
      0.5 / 0.5
      Source

      24. Commitment to address deforestation?

    • Yes
      1 / 1
      Source

      25. Commitment to zero deforestation?

    • Yes
      1 / 1
      Source

      26. Commitment applies to scheme smallholders and independent suppliers?

      Commitment applies to suppliers and third party suppliers.

    • Yes
      1 / 1
      Source

      27. Criteria for defining deforestation?

      No deforestation of HCV or HCS areas.

    • Yes
      1 / 1
      Source

      28. Evidence of monitoring deforestation?

    • Yes
      1 / 1
      Source

      29. Commitment to set aside areas for conservation?

    • Yes
      1 / 1
      Source

      30. Evidence of habitat management and/or habitat restoration of set-aside areas?

      IOI has engaged the Global Environment Centre on peat restoration and protection measures in peat and HCV areas.

    • Yes
      1 / 1
      Source

      31. A landscape-level approach?

    • Yes
      0.5 / 0.5
      Source

      32. Commitment to biodiversity conservation?

    • No
      0 / 1
      Source

      33. Commitment to not endanger species of conservation concern, referencing international or national system of species classification?

      The company states it strives to "conserve flora and fauna species in buffer zones and steep areas unsuitable for planting", but does not have a clear commitment to not endanger species.

    • No
      0 / 1
      No source

      34. Commitment to no hunting or only sustainable hunting of species?

    • No
      0 / 1
      No source

      35. Commitment not to operate within internationally and nationally designated protected areas?

    • Partial
      0.5 / 1
      Source

      36. Evidence of species conservation?

      The company reports it has carried out activities like establishing a deer farm, a sanctuary for proboscis monkeys and conducting biodiversity studies in its plantations. However, only the sanctuary is considered evidence of species conservation.

  • HCV, HCS and impact assessments HCV, HCS and impact assessments 8 / 11 72.7%
    • Companies should commit to the High Conservation Value (HCV) and High Carbon Stock (HCS) approaches, and to conduct social and environmental impact assessments (SEIA). They should develop and publish monitoring and management plans, and provide evidence through SEIA, HCV and HCS assessments, typically published in summary form due to the sensitive nature of certain sites.

    • Yes
      1 / 1
      Source

      37. Commitment to High Conservation Value (HCV) approach?

    • Yes
      1 / 1
      Source

      38. Commitment applies to scheme smallholders and independent suppliers?

      Commitment applies to suppliers and third party suppliers.

    • Yes
      1 / 1
      Source

      39. Commitment to only use licensed High Conservation Value (HCV) assessors accredited by the HCV Resource Network's Assessor Licensing Scheme (ALS)?

    • Yes
      1 / 1
      Source

      40. High Conservation Value (HCV) assessments undertaken between November 2005 and December 2014, and management and monitoring plans?

      There is public availability of one HCV asssement.

    • No
      0 / 1
      No source

      41. High Conservation Value (HCV) assessments for all estates planted since January 2015?

    • No
      0 / 1
      No source

      42. High Conservation Value (HCV) management and monitoring plans for all estates planted since January 2015?

    • No
      0 / 1
      No source

      43. Satisfactory review of all High Conservation Value (HCV) assessments undertaken since January 2016 by the HCV ALS Quality Panel?

    • Yes
      1 / 1
      Source

      44. Commitment to the High Carbon Stock (HCS) approach?

    • Yes
      1 / 1
      Source

      45. High Carbon Stock (HCS) assessments?

      One HCS assessment pending submission.

    • Yes
      1 / 1
      Source

      46. Commitment to conduct social and environmental impact assessments (SEIAs)?

    • Yes
      1 / 1
      Source

      47. Social and environmental impact assessment (SEIAs) undertaken since November 2005, and management and monitoring plans?

  • Peat, fire and GHG emissions Peat, fire and GHG emissions 10 / 17 58.8%
    • Companies should commit to protect peatland and undertake best management practices for soils and peat. They should also have policies on zero burning and to reduce their greenhouse gas (GHG) emissions. Companies should report their GHG emissions, as well as any fires that occurred in or around their estates, along with plans for managing and monitoring fires.

    • Yes
      1 / 1
      Source

      48. Commitment to no planting on peat of any depth?

    • Yes
      1 / 1
      Source

      49. Commitment applies to scheme smallholders and independent suppliers?

      Commitment applies to suppliers and third party suppliers.

    • Yes
      1 / 1
      Source

      50. Commitment to best management practices for soils and/or peat?

    • No
      0 / 1
      No source

      51. Landbank or planted area on peat (ha)?

    • Yes
      1 / 1
      Source

      52. Evidence of best management practices for soils and/or peat?

    • Yes
      1 / 1
      Source

      53. Commitment to zero burning?

    • Yes
      1 / 1
      Source

      54. Commitment applies to scheme smallholders and independent suppliers?

      Commitment applies to suppliers and third party suppliers.

    • Yes
      1 / 1
      Source

      55. Evidence of management and monitoring fires?

      Awareness raising programmes, developed enhanced fire prevention and mitigation programmes within and around concessions, MoU with conservation organization to work on fire prevention action plan, maintaining optimum level of water to counter risk of fire.

    • No
      0 / 1
      No source

      56. Details/number of hotspots/fires in company estates?

      Company publishes bi-weekly alert bulletins containing information on fires within concessions and is a member of the Fire Free Alliance.

    • No
      0 / 1
      No source

      57. Details/number of hotspots/fires within surrounding landscape/smallholders?

      Company publishes bi-weekly alert bulletins containing information on fires within surrounding landscape and is a member of the Fire Free Alliance.

    • Partial
      0.5 / 1
      Source

      58. Time-bound commitment to reduce greenhouse gas (GHG) emissions?

      The company only states it is committed to implement programs to progressively reduce GHG emissions, but no time-bound commitment.

    • Yes
      1 / 1
      Source

      59. Commitment applies to scheme smallholders and independent suppliers?

      Commitment applies to suppliers and third party suppliers.

    • No
      0 / 1
      No source

      60. GHG emissions?

    • No
      0 / 1
      No source

      61. GHG emissions from land use change?

    • Yes
      1 / 1
      Source

      62. Methodology used to calculate GHG emissions?

      RSPO Palm GHG Calculator and ISCC GHG Emission Calculation Methodology.

    • No
      0 / 1
      No source

      63. Progress towards commitment to reduce GHG emissions?

    • Partial
      0.5 / 1
      Source

      64. Percentage of mills with methane capture (is above 75%)?

      2 (13.3333%) - Two biogas plants.

  • Water, chemical and pest management Water, chemical and pest management 6.5 / 12 54.2%
    • Companies should commit to managing water use and water quality, providing evidence through time-bound reduction plans, policies on toxic chemical use and treatment of palm oil mill effluent (POME).

    • Partial
      0.5 / 1
      Source

      65. Commitment to manage water use and water quality?

      The company only states some information relating to its water management, including its priority to minimise water contamination.

    • Partial
      0.5 / 1
      Source

      66. Time-bound commitments to improve water use and water quality?

      Target to reduce water usage by 5% by 2016, but no time-bound commitment relating to water quality.

    • Partial
      0.5 / 1
      Source

      67. Progress towards commitment on water use?

      Reports figures on water consumption to process each MT of FFB, but has increased over time.

    • No
      0 / 1
      No source

      68. Progress towards commitment on water quality?

    • Yes
      1 / 1
      Source

      69. Protection of natural waterways through buffer zones?

    • Yes
      1 / 1
      Source

      70. Evidence of treating palm oil mill effluent (POME)?

      All POME monitored and treated before discharging, using greentubes to remove solids from POME, thus reducing BOD.

    • No
      0 / 1
      Source

      71. Commitment to minimise the use of chemicals, including pesticides and chemical fertilisers?

      The company only states "Best agronomic practices and efficient land utilisation led to higher productivity, hence reducing usage of chemical fertiliser and pesticide", but does not have a clear commitment.

    • Yes
      1 / 1
      Source

      72. No use of paraquat?

    • Yes
      1 / 1
      Source

      73. No use of World Health Organisation (WHO) Class 1A and 1B pesticides?

    • No
      0 / 1
      No source

      74. No use of chemicals listed under the Stockholm Convention and Rotterdam Convention?

    • Yes
      1 / 1
      Source

      75. Integrated Pest Management (IPM) approach?

    • No
      0 / 1
      No source

      76. Chemical usage per ha or list of chemicals used?

  • Community, land and labour rights Community, land and labour rights 11.5 / 18 63.9%
    • Companies should commit to respect human rights, including those of indigenous peoples and local communities, consulted with free, prior and informed consent (FPIC). Companies should respect the rights of workers, report relevant workforce data, and comply with health and safety legislation.

    • Yes
      1 / 1
      Source

      77. Commitment to human rights, referencing the UN Declaration of Human Rights or UN Guiding Principles on Business and Human Rights?

    • Yes
      1 / 1
      Source

      78. Commitment to respect legal and customary land tenure rights?

    • Yes
      1 / 1
      Source

      79. Commitment to respect indigenous and local communities' rights?

    • Yes
      1 / 1
      Source

      80. Commitment to free, prior and informed consent (FPIC)?

      Yes.

    • Yes
      1 / 1
      Source

      81. Commitment applies to independent suppliers?

    • No
      0 / 1
      Source

      82. Free, prior and informed consent (FPIC) process?

    • Yes
      1 / 1
      Source

      83. Process for addressing land conflicts?

    • No
      0 / 1
      No source

      84. Commitment to ensure food security for local communities?

    • Yes
      1 / 1
      Source

      85. Commitment to respect workers' rights, including all workers (i.e. direct, indirect, migrant, temporary, casual, etc.)?

    • Yes
      1 / 1
      Source

      86. Reference to Fundamental ILO Conventions or Free and Fair Labour Principles?

    • Yes
      1 / 1
      Source

      87. Total number of employees?

      6,615

    • No
      0 / 1
      No source

      88. Percentage or number of temporary employees?

    • Yes
      1 / 1
      Source

      89. Percentage or number of women employees?

      2,072 (31%)

    • No
      0 / 1
      No source

      90. Minimum wage that the company pays?

    • Yes
      1 / 1
      Source

      91. Commitment to address occupational health and safety?

    • No
      0 / 1
      No source

      92. Lost time accident rate?

    • No
      0 / 1
      No source

      93. Number of fatalities as a result of work-based accidents?

    • Partial
      0.5 / 1
      Source

      94. Provision of personal protective equipment and pesticide training?

      The company states that continuous training and awareness programmes are conducted for those dealing with hazards such as pesticides, but does not clearly refer to provision of personal protective equipment.

  • Certification standards Certification standards 9.5 / 18 52.8%
    • Companies should become members of credible certification standards and report in accordance with all appropriate categories of membership. The Roundtable on Sustainable Palm Oil (RSPO) requires members registered as growers to submit data relating to certification targets for their estates, scheme smallholders and independent fresh fruit bunch (FFB) suppliers, via an annual communications of progress (ACOP) report.

    • Yes
      1 / 1
      Source

      95. Member of the Roundtable on Sustainable Palm Oil (RSPO)?

      2004 - IOI Corporation has been an RSPO member since 2004.

      IOI Group's RSPO certificates were suspended on 4th April 2016, but not its membership. As of 8th August 2016 the company's RSPO certificates were reinstated.

    • Yes
      0.5 / 0.5
      Source

      96. Submitted most recent RSPO Annual Communication of Progress (ACOP)?

    • Yes
      0.5 / 0.5
      Source

      97. Listed all countries and regions in which operates in most recent RSPO Annual Communication of Progress (ACOP)?

      IOI states the following countries and regions in which the company operates: Indonesia (Kalimantan Barat); Malaysia (Johor; Malacca; Negeri Sembilan; Pahang; Sabah; Sarawak).

    • Yes
      0.5 / 0.5
      Source

      98. Time-bound plan for achieving 100% RSPO certification of estates within 5 years or achieved 100% RSPO-certification of estates?

      2020 - A target for 100% RSPO certification of estates was extended from 2013 to 2017 in the 2013-2014 ACOP, and then to 2018 in the 2014 ACOP. This was to take into account the acquisition of 2 new mills at the end of 2013. In the 2015 and 2016 ACOP this target had been extended to 2020.

    • Yes
      0.5 / 0.5
      Source

      99. Time-bound plan for achieving 100% RSPO certification of scheme/associated smallholders within 5 years or achieved 100% RSPO-certification of scheme/associated smallholders?

      2022 - IOI has a time-bound plan to complete certification of its scheme/associated smallholders by 2022, that was extended from 2017.

    • Yes
      0.5 / 0.5
      Source

      100. Time-bound plan for achieving 100% RSPO certification of all supply chains?

      2018

    • Yes
      0.5 / 0.5
      Source

      101. RSPO-certified within three years of joining the RSPO or by November 2010, for companies joining prior to finalisation of the RSPO certification systems in November 2007?

      2009

    • Partial
      1.5 / 2
      Source

      102. Percentage of mills RSPO-certified (is above 75%)?

      12 (80%)

    • Partial
      1.5 / 2
      Source

      103. Percentage of area (ha) RSPO-certified (is above 75%)?

      142,410 (60%)

    • No
      0 / 2
      No source

      104. Percentage of scheme/associated smallholders (ha) RSPO-certified (is above 75%)?

    • No
      0 / 2
      No source

      105. Percentage of FFB supply (tonnes) from independent FFB suppliers that is RSPO-certified (is above 75%)?

    • Partial
      0.5 / 2
      Source

      106. Percentage of all palm oil and oil palm products handled/traded/processed (tonnes) that are RSPO-certified (is above 75%)?

      569,541 (20%) - Total volume handled/processed/traded in year RSPO certified divided by total volume of all palm oil and oil palm products handled/traded/processed in the year.

    • Yes
      1 / 1
      Source

      107. Sells or processes/trades RSPO-certified palm oil through Segregated or Identity Preserved supply chains?

      Book & Claim, Mass Balance, Segregated, Identity Preserved.

    • No
      0 / 1
      No source

      108. Indonesia Sustainable Palm Oil (ISPO) certified (100%)?

    • No
      0 / 1
      No source

      109. Malaysia Sustainable Palm Oil (MSPO) certified (100%)?

    • Yes
      1 / 1
      Source

      110. Certified under voluntary sustainability certification scheme (e.g. ISCC, SAN, RSB, etc.)?

      ISCC.

  • Smallholders and suppliers Smallholders and suppliers 5 / 9 55.6%
    • Companies should report details of any programmes or schemes to support both schemed and independent smallholders, as well as criteria to assess suppliers on compliance with company policies, and in what cases suppliers should be suspended or excluded due to non-compliance.

    • No
      0 / 1
      Source

      111. Programme to support scheme smallholders?

      Only state that "support the inclusion of smallholders in the palm oil supply chain and help them to comply with our sustainability policy".

    • No
      0 / 1
      No source

      112. Details of support programme for scheme smallholders?

    • No
      0 / 1
      No source

      113. Number or percentage of scheme smallholders involved in programme?

    • Yes
      1 / 1
      Source

      114. Programme to support independent smallholders?

    • Yes
      1 / 1
      Source

      115. Details of support programme for independent smallholders?

      The company states "The management support the independent smallholder with sharing knowledge and result on soil fertility for fertilizer input, best practices knowledge on oil palm daily operations, awareness on usage of Protective Protection Equipment (PPE) and sharing information on the new technology that can be use in the daily operations for field management efficiency.".

    • No
      0 / 1
      No source

      116. Number or percentage of independent smallholders involved in programme?

    • Yes
      1 / 1
      Source

      117. Process used to prioritise, assess and/or engage suppliers on compliance with company's policy and/or legal requirements?

      The company states that it risk assess all palm oil supplier mills using tools such as the spatial data and remote sensing information in order to facilitate monitoring of the palm oil supply chain to establish priorities for conducting mill-level verification assessments.

    • Yes
      1 / 1
      Source

      118. Suspension or exclusion criteria for suppliers?

      The company states that requires compliance within 12 months and "Where groups are suspected of serious or ongoing environmental, social and labour violations, IOI Group shall consider suspending purchases from the group until investigations are concluded and any policy violations resolved.".

    • Yes
      1 / 1
      Source

      119. Number or percentage of suppliers assessed and/or engaged?

      The company lists the number of mill assessed, number of high priority mills, number on mills with on-site verification completed and number of mills with time bound action plans in place.

  • Governance and grievances Governance and grievances 7 / 7 100%
    • Companies should operate in an ethical manner at all levels, providing accessible channels and clear procedures for both employees and external stakeholders to raise any grievance or complaint with the company, as well as allowing for whistleblowing.

    • Yes
      1 / 1
      Source

      120. Commitment to ethical conduct and prohibition of corruption?

    • Yes
      1 / 1
      Source

      121. Whistleblowing procedure?

    • Yes
      1 / 1
      Source

      122. Own grievance or complaints system?

    • Yes
      1 / 1
      Source

      123. Accessible to internal stakeholders (i.e. employees)?

    • Yes
      1 / 1
      Source

      124. Accessible to external stakeholders?

    • Yes
      2 / 2
      Source

      125. Grievance details, if anonymity not requested?

      The company has a list of grievances ongoing, closed and being monitored. The list include grievances number, date, category, scope, grievance raiser, and status.

Media monitor: IOI Corporation Bhd

SPOTT gathers reports and stories from global media sources, covering specific company activities related to the assessment indicator categories. ZSL does not assess the validity of these reports.

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Map of concessions: IOI Corporation Bhd

Explore our interactive mapping tool for a satellite view of deforestation and fires in and around concession sites of companies featured on the SPOTT scorecard. These data can support SPOTT users in conducting further research to verify whether or not company commitments are being implemented on the ground.

Use the map search bar to find specific company concessions or locations. Click the concession sites marked by pins to zoom in for more information, then go to the company pages of featured concessions to view their assessments.

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