Ongoing research by Climate Advisers and S-Network Global Indexes found that companies in the palm oil sector who do not have sustainability policies have significantly underperformed, compared to those that have followed no-deforestation programmes. Furthermore, the study found that companies who are members of the Roundtable on Sustainable Palm Oil (RSPO) outperform similar companies that are non-RSPO members. Over the past five years, RSPO companies outperformed the FTSE Bursa Malaysia Asian Palm Oil Plantation Index (USD) by approximately 6 percent.
Investing in deforestation poses material risks
The findings of the ongoing research also found that investing in companies engaged in deforestation-related activities poses material risks and produces poor returns for financial institutions. The study is being conducted by Matt Piotrowski and Gabriel Thoumi, with the results announced during the Global Climate Action Summit (GCAS) Affiliate Event in San Francisco on September 13.
RSPO commends Climate Advisers and S-Network for their effort in pursuing concrete evidence that can help to limit deforestation and enhance the sustainability of global palm oil.
For further information on the press release/research, please follow this link.
Keep reading
Cultivating Micro-entrepreneurship among Smallholders
Culture, Communities and Customers: Behind a Brazilian company’s RSPO Certification
ACOP 2022: CSPO Production Hits 15 million MT Milestone
New Scores Updated on RSPO Shared Responsibility Scorecard
Uptake Targets for Shared Responsibility - Year Four (2023)
Development of Technical Content for the Supply Chain Certification (SCC) Lead Auditor Training Programme Training Provider (TP)
Development of Technical Content for the Principles and Criteria 2018 (P&C 2018) Lead Auditor Training Programme Training Provider (TP)
Call for Proposal: Initial Study on De-Linking Business Relations Between RSPO-Accredited Certification Bodies and Auditees
