Wilmar Receives ‘A’ Rating in Prestigious Morgan Stanley Report
Rotterdam, January 4th, 2021 – Wilmar International, one of Olenex’s parent companies, has been upgraded from a ‘BBB’ to an ‘A’ rating for its environmental, social and governance (ESG) performance by a prestigious international investment research firm.
Morgan Stanley Capital International (MSCI) conducted their 2021 assessment to measure companies’ long-term resilience to ESG risks. On a peer benchmarking basis, Wilmar currently ranks second out of the five largest industry players assessed under the Food Products category and is recognised as among the top performers in this group.
This improvement in the MSCI assessment follows on from other sustainability achievements in 2021, such as Wilmar’s inclusion in the Dow Jones Sustainability Indices (DJSI) World Index for the Food, Beverage and Tobacco industry. Wilmar was again recognised for being among the top global companies with the best ESG performance.
Wilmar was also included in the FTSE4Good Developed Index and the FTSE4Good ASEAN 5 Index in 2021. The FTSE4Good Index Series is among the world’s first global ESG index families.
Furthermore, Wilmar was ranked number one in the 2021 assessment by the Sustainable Palm Oil Transparency Toolkit (SPOTT), with a total score of over 91 per cent for its transparency and public disclosure on its policies and efforts related to ESG matters. SPOTT, which was developed and is managed independently by the Zoological Society of London (ZSL), assesses over 100 global producers, processors and traders of various commodities, including natural rubber, palm oil, pulp and timber, using over 180 ESG indicators related to sustainability commitments, practices and disclosures.
As joint venture partners, Olenex follows Wilmar’s sustainable journey and operations, creating shared value for our customers, stakeholders, and final consumers.