A Sustainable Investment in Journalism

A sustainable business requires diverse revenue streams. ESG Investor now operates a subscription service as of Tuesday 14th May. To find out more please get in touch with our subscription team on subscriptions@esginvestor.net

Deforestation Policies Lacking Across Indonesia Palm Oil Supply Chain

A report by global non-profit CDP says only 22% of companies producing or sourcing palm oil in Indonesia have implemented “public and comprehensive” no deforestation policies. Data from CDP suggests just 2% of companies sourcing or producing palm oil are using deforestation-free compliant third-party verified schemes covering over 90% of their production of palm oil. Whilst 86% of companies have implemented policies, only 22% have public and comprehensive no-deforestation policies and although three quarters of companies have no deforestation commitments, CDP says only 28% “demonstrate good practice”. Other key findings of the report include traceability systems being implemented by 87% of companies, but only a quarter have the capacity in practice to scale these to over 90% of their production or consumption. John Leung, CDP’s Southeast Asia and Oceanic Director, said: “The report shows several companies are already taking steps to protect biodiversity, but more companies are needed to accelerate the rate of action. Importantly, biodiversity needs to be tackled in the same way as climate emissions.” 

The practical information hub for asset owners looking to invest successfully and sustainably for the long term. As best practice evolves, we will share the news, insights and data to guide asset owners on their individual journey to ESG integration.

Copyright © 2024 ESG Investor Ltd. Company No. 12893343. ESG Investor Ltd, Fox Court, 14 Grays Inn Road, London, WC1X 8HN

To Top