Olenex scoring 9.5 on RSPO

In a resounding triumph for our commitment to sustainable palm oil practices, we are thrilled to announce our remarkable score of 9.5 in the RSPO (Roundtable on Sustainable Palm Oil) Shared Responsibility Scorecard. This achievement not only underscores our unwavering dedication to responsible and ethical business practices but also showcases our commitment to environmental sustainability and our drive to increase uptake of Certified Sustainable palm oil in the market.

Our strong NDPE policy, which we share with our parent Wilmar, positions us in an excellent place to fulfil the RSPO Shared Responsibility requirements covering different thematic areas in social and environmental topics. We keep making improvements and progress in our journey towards a more sustainable and responsible approach to palm oil production. We are excited to share this journey with all of you.

This achievement isn’t just a number; it’s a testament to our enduring dedication to making a positive impact on the world. We invite you to explore the full RSPO Shared Responsibility Scorecard here and gain a comprehensive insight into our journey towards a sustainable and responsible palm oil industry. Together, we can continue to make meaningful strides toward a more sustainable future.

Wilmar ranks third in SPOTT rating

November 2020

The London SPOTT initiative is an online assessment platform created by the Zoological Society of London. The platform supports companies in managing their environmental, social and governance (ESG) risks by publishing transparency assessments of palm oil producers and traders. SPOTT assesses palm oil producers, processors and traders on the public disclosure of their policies, operations and commitments to ESG best practice.

Palm oil buyers can use SPOTT to help meet their own commitments and engage with companies to promote sustainable commodity production through responsible investment and sourcing.

Rating

Each company receives a percentage score as a measure of its transparency in relation to ESG risks. The assessment monitors 180 indicators over 10 categories. In its latest report of November 2020, SPOTT rated Wilmar third out of 100 assessed companies, achieving a total score of 88.9%. See further explanation of assessment scores on the SPOTT website.

Congratulations to New Britain Palm Oil

Olenex is very proud of the achievement by its Joint Venture parent company and major palm oil supplier Wilmar. We also congratulate New Britain Palm Oil who gained the top spot with a score of 94.4%. We are glad to have New Britain Palm Oil in our supply chain among many other top-rated palm oil producers.

Transparency

Overall, many palm oil producers and traders improved their performance compared to last year’s assessment. The increase in supply chain transparency is a positive sign for the transformation of the palm industry. But the assessment also shows that for some companies there are still many sustainability improvements to be expected. As a top-performing producer, Wilmar is a great example of commitment to sustainable palm oil production and business practices, positively affecting the entire supply chain. We can only hope that other companies in the sector follow this evolution, resulting in a palm supply chain free of deforestation and human rights conflicts.

More information about SPOTT at https://www.spott.org/palm-oil/.