Nov 23, 2022 12:00 PM
REA has increased its score from 84.4% to 87.0%, compared with the average score of 45.4% and the top score of 93.2%, and is ranked 10th out of the 100 palm oil companies assessed.
Each year the group participates in the Sustainable Palm Oil Transparency Toolkit (SPOTT) assessment by the Zoological Society of London (ZSL). SPOTT assesses palm oil producers, processors and traders on their disclosures regarding their organisation, policies and practices with respect to environmental, social and governance (ESG) issues to incentivise best practices.
SPOTT indicators consider the public availability, quality and scope of policies, commitments, operational data, and reporting of activities undertaken to meet company targets within the 3 disclosure types:
The 2022 assessment covered 184 ESG indicators across 10 categories: