{"text_format":"1","workbook":"xlsx","n_sheets":1,"sheets":["ACOP2020rawdata_forpublication"],"not_rendered":{"charts":0,"images":0,"macros":0,"external_links":0,"defined_names":1,"comments":0,"pivot_tables":0},"unopened":[],"bounds":{"document_bytes":16777216,"sheet_cells":100000,"rows_first":2000,"rows_last":500,"rows_between":2000,"halvings":0,"cell_chars":16384,"cell_head_chars":4096},"cells_cut":0,"cells_raw":0,"read":"whole","date_system":"1900"}

{"sheet":"ACOP2020rawdata_forpublication","index":0,"n_rows":16,"n_cols":57,"rows_kept":16,"cut":false,"hidden":false,"merged":[]}
["Status","1.0 RSPO Member Particulars - Member Name","1.0 RSPO Member Particulars - Membership Number","1.0 RSPO Member Particulars - Membership Sector","1.0 RSPO Member Particulars - Membership Category","1.0 RSPO Member Particulars - Country","2.0 Does your company or organisation produce, process, consume or sell any palm oil or any products containing derivatives of palm oil?","2.1 Please select all description(s) that describe the palm oil-related activities of your company or organisation. Multiple selections are allowed, and not limited to the primary sector of the member's RSPO membership. You will be required to complete the relevant ACOP section based on your selection(s). \n \nFor Environmental/Conservation NGO and Social/Development NGO RSPO members that consume or retail palm oil or products containing palm oil, you will be required to answer the relevant supply chain sector ACOP form that must include the volumes of palm oil or products containing palm oil consumed or retailed under your organisation's own brands. ‚ç∞","2.2 Please select all the sectors that best describe the business activities of your company or organisation, including your primary RSPO membershop sector. You may select multiple sectors and will be required to complete the ACOP form for the relevant sectors ‚ç∞","BI.1.1 Please state your company's main activity(ies) within palm oil-related financing. Please select all applicable option(s). - Selected Choice","BI.1.1 Please state your company's main activity(ies) within palm oil-related financing. Please select all applicable option(s). - Other: - Text","BI.2.1 What types of financial services does your company provide to the palm oil industry? - Selected Choice","BI.2.1 What types of financial services does your company provide to the palm oil industry? - Other : - Text","BI.2.2 For your\n  company's palm oil-related activities, which geographic region(s) do you\n  operate in?","BI.3.1 Does\n  your company have a lending or investment policy on palm oil?","BI.3.2 Which\n  supply chain sectors does your palm\n  oil policy cover? - Selected Choice","BI.3.2 Which\n  supply chain sectors does your palm\n  oil policy cover? - Others - Text","BI.3.3 Does\n  your policy on palm oil make a specific reference to RSPO-certified\n  sustainable palm oil and oil palm products, and/or RSPO certification?","BI.3.4 Does your company have a policy that requires all your palm oil clients to be RSPO members? ‚ç∞","BI.3.5 Does your company require your clients to have a public TimeBound Plan for 100% RSPO certification or uptake? ‚ç∞","BI.3.6 When do you expect to require all your Grower clients to be RSPO certified? ‚ç∞","BI.3.7 When do you expect to require your clients in all other sectors to be RSPO certified? ‚ç∞","BI.3.8 Which regions do the above commitments cover?","BI.3.9 What measures do you take if a client is not meeting the requirements of your policy on palm oil?","BI.3.10 Do you proactively engage with your clients to support and join the RSPO?","BI.3.11 Did members of your company participate in RSPO working groups and/or taskforces during the reporting period? ‚ç∞","BI.3.12 Does your company have any collaborations with public or private sector palm oil industry players to support them in their efforts to increase the production or consumption of certified sustainable palm oil (CSPO)? ‚ç∞","BI.3.13 What other activities have your company undertaken to promote RSPO-certified sustainable palm oil and oil palm products during the reporting period? ‚ç∞","BI.4.1 Please outline activities that your company will take in the coming year to promote the production or consumption of certified sustainable palm oil (CSPO) ‚ç∞","SR.1.1 Acknowledgement","SR.1.1 Does your company have a publicly-available policy covering Labour & Labour Rights? ‚ç∞","SR.1.1.1 Does the policy cover:","SR.1.2 Does your company have a publicly-available Policy covering Ethical Conduct & Human Rights? ‚ç∞","SR.1.2.1 Does the policy cover:","SR.1.3 Does your company have a publicly-available Policy covering Land Use? ‚ç∞","SR.1.3.1 Does the policy cover:","SR.1.4 Does your company have a publicly-available Policy covering Occupational Health & Safety? ‚ç∞","SR.1.5 Does your company have a publicly-available policy covering Climate Change & Greenhouse Gas (GHG)? ‚ç∞","SR.1.5.1 Does the policy cover:","SR.1.6 Does your company have a Complaints & Grievances Mechanism? ‚ç∞","SR.1.6.1 Is your Complaints & Grievance mechanism in line with the principles of the RSPO's grievance mechanism, which are the elements of fairness, transparency, and impartiality? ‚ç∞","SR.1.7 Does your company support oil palm independent smallholder groups? ‚ç∞","SR.1.7.1 Does this support cover:","SR.1.7.2 How is your company supporting them?","SR.1.7.3 Do you have any future plans to support oil palm Independent Smallholders?","SR.1.7.4 Please explain why you are not planning to support oil palm independent smallholders","SR.1.8 Does your company have a publicly-available Policy covering the implementation of RSPO Shared Responsibility principles? ‚ç∞","SR.1.9 Does your company have a waste management plan? ‚ç∞","SR.1.10 Does your company have a water management plan? ‚ç∞","SR.1.11 Does your company have an energy use plan covering fossil fuels and renewable energy? ‚ç∞","SR.1.12 Does your company provide services and support to the RSPO, eg. participation in RSPO Working Groups and Task Forces ‚ç∞","SR.1.13 Does your company have a plan to commit resources to ensure effective implementation of RSPO Shared Responsibility principles? ‚ç∞","CS.1.1 What significant obstacles or challenges has your company  encountered in the promotion of certified sustainable palm oil (CSPO)? What efforts has your company taken to address these obstacles or challenges? - Selected Choice","CS.1.1 What significant obstacles or challenges has your company  encountered in the promotion of certified sustainable palm oil (CSPO)? What efforts has your company taken to address these obstacles or challenges? - Others - Text","CS.1.2 In addition to the actions already reported in this ACOP report, what other ways has your company supported the vision of the RSPO to transform markets to make sustainable palm oil the norm? ‚ç∞ - Selected Choice","CS.1.2 In addition to the actions already reported in this ACOP report, what other ways has your company supported the vision of the RSPO to transform markets to make sustainable palm oil the norm? ‚ç∞ - Others - Text","CS.1.3 If your company has any other publicly-available reports or information regarding its palm oil-related policies and activities, please provide the links here ‚ç∞"]
[null,"Co√∂peratieve Rabobank U.A.","5-0001-04-000-00","Banks and Investors","Ordinary","Netherlands","No",null,"I finance or support companies or organisations that produce or manufacture palm oil, palm kernel oil or related products","Corporate / Commercial Banking  ‚ç∞,Trade Finance ‚ç∞,Private Banking ‚ç∞,Investment / Equity ‚ç∞,Debt / Capital Market ‚ç∞",null,"Trade Solutions ‚ç∞,Lending/Loans ‚ç∞,Leasing ‚ç∞,Treasury Products ‚ç∞,Cash Management Products ‚ç∞",null,"Worldwide ‚ç∞","Yes","Growers ‚ç∞,Traders ‚ç∞,Processors ‚ç∞,Consumer Goods Manufacturers ‚ç∞,Retailers ‚ç∞",null,"Yes","Yes","Yes",2025,2025,"Worldwide ‚ç∞","As part of our client onboarding requirement, clients involved in palm oil sector will need to comply with our internal palm oil policy and the relevant core values (human rights, labor conditions and environment) and theme policies (biodiversity).  In the event a client subsequently violates our policy, the case will be referred to our 'engagement' team within our sustainability unit who will work closely with client as well as our client relationship teams.  Try to be a liaison and assist our clients to resolve the issues in an amicable way.  If the discussions do not result in a desired and acceptable sustainable outcome, we will consider exiting the client.  ","Yes","Yes","Yes","Rabobank engages with FI in the SE Asian region (specifically Indonesia and Malaysia) to raise awareness of the palm oil 'leakage' issues, to assist regional banks on how they can identify these players to encourage them to cease providing financing to the supply chain.   Furthermore, we have requested clients to become member of the RSPO. ","In the coming year, Rabobank is working on an initiative where various 'actors' (processor/trader, NGO, FIs, consumer goods manufacturer) on the palm supply chain are approached to seek commitment.  These actors will commit to contribute towards a sustainability fund.  The fund will be administered by a social NGO and money will be deployed to projects/activities that can ensure sustainable planting and sustainable supply chain.  ","Please acknowledge that you have read and understood the Shared Responsibility requirements for policy submissions.","Yes","No discrimination ‚ç∞,Wage and working conditions ‚ç∞,Freedom of association ‚ç∞,No child labour ‚ç∞,No harassment ‚ç∞,No forced or trafficked labour ‚ç∞","Yes","Recruitment ‚ç∞,Contractors ‚ç∞,Sub-Contractors & Third-Party Contractors ‚ç∞","Yes","Free Prior and Informed Consent (FPIC) ‚ç∞,Compensation ‚ç∞","Yes","Yes","Identification and assessment of GHG ‚ç∞","Yes","Yes","Yes","Improved Smallholder livelihoods ‚ç∞","Rabobank has an impact financing team where this team looks at projects that can provide an impact to enhancing sustainability. The team works closely with our clients who are the bigger processors / end users, in helping them secure sustainable sourcing eg. financing of smallerholder suppliers etc. Rabobank has also established an independent fund (Agri3\nFund) specifically for assisting smallholders and/or providing impact towards a more sustainable direction.",null,null,"No","Yes","Yes","Yes","Yes","No","Awareness of RSPO in the market,Difficulties in the certification process,Competition with non-RSPO members,High costs in achieving or adhering to certification,Human rights issues",null,"Engagement with business partners or consumers on the use of CSPO,Engagement with government agencies,Stakeholder engagement",null,"https://www.rabobank.com/en/images/sustainability-policy-framework.pdf"]
[null,"International Finance Corporation (IFC)","5-0002-05-000-00","Banks and Investors","Ordinary","United States","No",null,"I finance or support companies or organisations that produce or manufacture palm oil, palm kernel oil or related products","Other:","Advisory Project supporting Indonesia Palm Oil Development for Smallholders","Other :","No investment at this period.","Indonesia","Yes","Growers ‚ç∞,Traders ‚ç∞,Processors ‚ç∞,Consumer Goods Manufacturers ‚ç∞,Retailers ‚ç∞",null,"Yes","Yes","Yes",2018,2020,"Africa ‚ç∞,South America ‚ç∞,China,India,Indonesia","IFC expects the client to commit to a time-bound plan to achieve 100% CSPO production. IFC also expects the client to be compliant with the IFC Performance Standards. ","Yes","No","Yes","IFC completed its oil palm smallholder project to build the technical capacity of independent smallholders, link them closer to mills and improve the sustainability of production. At completion, the project has enabled some 40,000 smallholders to receive training in Best Management Practices, have established four farmer group associations (FGAs). The four FGAS have obtained RSPO Certification (two received initial certificates in 2020, another two received initial certificates in 2019 and passed the surveillance audit in 2020). In total, over 2,092 independent smallholders with a total area of 5,230 hectares have received RSPO certification. The total volume of RSPO Certified Sustainable Palm Oil (CSPO) credits of the four FGAs sold through the RSPO Palm Trace System. As of December 2020, the four FGAs have traded RSPO credits worth in total of US$ 445,552. \n\nIFC launched an e-learning platform for smallholders using a mobile application called e-sawit in 2020. IFC conducted a series of Training of Trainers for RSPO members to use this free mobile application which has a 3D and Augmented Reality feature to help users to get more understanding about the two topics: manuring and harvesting. Arrangements are being made for RSPO to make the e-sawit app and training guides available to all RSPO members through the RSPO Smallholder Trainer Academy.\n\nIFC has shared training materials on access to technology with RSPO, particularly the Learning Posters and Training Guides on Best Management Practices. These materials are made available to RSPO members through the RSPO Smallholder Trainer Academy portal.\n\nIFC is also part of the Good Growth Partnership (GGP) that aims to reduce deforestation in tropical commodity supply chains. This is a GEF-funded program that includes palm oil in Indonesia, led by UNDP with IFC as a partner along with WWF, Conservation International, and UNEP-FI. IFC also scaled up the smallholder‚Äôs project with GGP partners to facilitate and provide access for methodology training and training materials (4 topics of Best Management Practices) to UNDP with collaboration with Musim Mas in Pelalawan, Riau province, Indonesia. UNDP uses training materials to train 2,000 independent smallholders in Pelalawan and Siak, Riau province to be ready for RSPO certification. These learning materials have been used for the IFC‚Äôs independent smallholders‚Äô project. \n","None.","Please acknowledge that you have read and understood the Shared Responsibility requirements for policy submissions.","Yes","No discrimination ‚ç∞,Wage and working conditions ‚ç∞,Freedom of association ‚ç∞,No child labour ‚ç∞,No harassment ‚ç∞,No forced or trafficked labour ‚ç∞","Yes","Recruitment ‚ç∞,Contractors ‚ç∞,Sub-Contractors & Third-Party Contractors ‚ç∞","Yes","Free Prior and Informed Consent (FPIC) ‚ç∞,Compensation ‚ç∞","Yes","Yes","Identification and assessment of GHG ‚ç∞,Monitored implementation plan to reduce or minimise GHG emissions ‚ç∞","Yes","Yes","Yes","Fair and transparent dealings with Smallholders ‚ç∞,Improved Smallholder livelihoods ‚ç∞","IFC has completed an advisory project working with a company to build the capacity of independent smallholders in Indonesia. The project was in four locations: one site in North Sumatra and three sites in Riau. \n\nThe project developed a range of agricultural services for farmers and helped to improve extension services provided by off-takers and local agents. This included a good quality fertilizer procurement and distribution scheme. Over a 5-year period, the IFC project had trained about 43,000 independent smallholders in best management practices for sustainable production.  As well as technical capacity building, the project has supported the certification of over 2,000 independent smallholders from four farmer group associations from four project locations. In total, 2,092 independent smallholders with a total area of 5,230 hectares have received RSPO certification. As of December 2020, the four FGAs have traded RSPO credits worth in total of US$ 445,552. \n",null,null,"Yes","Yes","Yes","Yes","No","No","Certification of smallholders,Traceability issues,Others","The inclusion of smallholders and independent mills remains a major challenge for the RSPO. IFC is addressing this by engaging with all stakeholders within the supply chain, as well as smallholders themselves, to develop a viable and sustainable business model for smallholders.\n\nTo achieve full market transformation, it is necessary to promote the uptake of CSPO in emerging markets, but current uptake is limited. One key reason is the lack of a compelling business case for increased purchasing of CSPO, as well as uncertain government support and a confusing policy environment. \n\nIFC supports further collaboration and knowledge sharing among stakeholders to address some of the most challenging environmental, social and economic obstacles to the production, procurement, and uptake of CSPO.\n","Engagement with business partners or consumers on the use of CSPO,Providing funding or support for CSPO development efforts,Stakeholder engagement",null,"The e-sawit videos and flyer, as well as drone field activities and flyer, were presented on the Global Growth Innovative Forum 2020 website: https://eng.gigf.kr/niabbs5/bbs.php?bbstable=online [please click on the photo above the title] \n\nThe IFC Learning Posters and training guides on BMPs are made available on the RSPO Smallholder Trainer Academy portal. \n\nhttps://goodgrowthpartnership.com/good-growth-partnership-year-three-highlights-report/, page.36 \n\nhttps://portal.sta.rspo.org/sys/document\n\nhttps://www.rspo.org/news-and-events/news/strengthening-the-role-of-women-in-palm-oil-production\n\nhttps://www.rspo.org/news-and-events/news/pilot-project-in-indonesia-supports-gender-equality-in-sustainable-palm-oil\n\nhttps://www.rspo.org/resources/smallholders-documents/linking-learning/additional-resources-relating-to-smallholder\n\nhttps://www.youtube.com/watch?v=BARF0ExyfIw\n"]
[null,"Standard Chartered Bank","5-0004-06-000-00","Banks and Investors","Ordinary","United Kingdom","No",null,"I finance or support companies or organisations that produce or manufacture palm oil, palm kernel oil or related products","Corporate / Commercial Banking  ‚ç∞,Trade Finance ‚ç∞,Debt / Capital Market ‚ç∞",null,"Trade Solutions ‚ç∞,Lending/Loans ‚ç∞,Cash Management Products ‚ç∞",null,"Africa ‚ç∞,India,Indonesia,Malaysia","Yes","Growers ‚ç∞,Traders ‚ç∞,Processors ‚ç∞",null,"Yes","Yes","Yes",2023,"N/A","Africa ‚ç∞,India,Indonesia,Malaysia","If they are not willing or able to meet requirements, or are not making sufficient progress towards certification, we will exit the client","Yes","Yes","No","We speak on panels promoting RSPO certified palm oil and ensure that our 'green and sustainable' product frameworks only support RSPO certified palm oil ","Working with rating agencies (like Sustainalytics) to encourage them to acknowledge that RSPO certified palm should be considered sustainable (currently they exclude palm oil and say that the emission profile due to land use change and deforestation) means palm oil is not sustainable","Please acknowledge that you have read and understood the Shared Responsibility requirements for policy submissions.","Yes","No discrimination ‚ç∞,Wage and working conditions ‚ç∞,Freedom of association ‚ç∞,No child labour ‚ç∞,No harassment ‚ç∞,No forced or trafficked labour ‚ç∞","Yes","Recruitment ‚ç∞,Contractors ‚ç∞","No",null,"Yes","Yes","Identification and assessment of GHG ‚ç∞,Monitored implementation plan to reduce or minimise GHG emissions ‚ç∞","Yes","Yes","No",null,null,"No","not within the lending profile of the bank","No","No","No","Yes","Yes","Yes","Competition with non-RSPO members",null,"Promotion of CSPO outside of RSPO venues such as trade workshops or industry associations",null,"none"]
[null,"ANZ Banking Group Limited","5-0008-08-000-00","Banks and Investors","Ordinary","Australia","No",null,"I finance or support companies or organisations that produce or manufacture palm oil, palm kernel oil or related products","Corporate / Commercial Banking  ‚ç∞",null,"Trade Solutions ‚ç∞,Lending/Loans ‚ç∞,Treasury Products ‚ç∞,Cash Management Products ‚ç∞",null,"Indonesia,Malaysia,Oceania ‚ç∞,Rest of Asia ‚ç∞","Yes","Growers ‚ç∞,Traders ‚ç∞,Processors ‚ç∞,Consumer Goods Manufacturers ‚ç∞",null,"Yes","Yes","Yes",2030,2030,"North America ‚ç∞,Middle East ‚ç∞,China,India,Indonesia,Malaysia,Oceania ‚ç∞,Rest of Asia ‚ç∞","ANZ's sustainability approach and standards are aligned to the social and environmental principles  established by RSPO, and the bank encourages its customers to be RSPO members and establish a time-bound plan for full RSPO certification under its responsible business lending policy. However, the bank is disposed to make exceptions where a customer can positively demonstrate adherence to appropriate social, environmental and sustainability principles outside of the RSPO certification process.","Yes","No","No","We have a range of social and environmental training programs to educate our employees on our policies and standards and how they are applied in practice. Our online Social and Environmental Risk training, covers our Sustainability Framework, Sensitive Sector requirements and our approach to human rights. Our Social and Environmental Risk Policy, supported by ‚Äúsensitive sector‚Äù requirements adopts a principles-based risk framework which is applied to decision-making in sensitive transactions across the industries. We support customers that demonstrate a balanced approach to social, environmental and developmental impacts and we encourage customers to adopt management practices to continuously improve their social and environmental performance. ANZ supports customers that use internationally accepted industry management practices to manage social, environmental and economic impacts (including effects on human rights, biodiversity, cultural heritage, indigenous rights, health and safety, governance and environmental sustainability).","We have a range of social and environmental training programs to educate our employees on our policies and standards and how they are applied in practice. Our online Social and Environmental Risk training, covers our Sustainability Framework, Sensitive Sector requirements and our approach to human rights. Our Social and Environmental Risk Policy, supported by ‚Äúsensitive sector‚Äù requirements adopts a principles-based risk framework which is applied to decision-making in sensitive transactions across the industries. We support customers that demonstrate a balanced approach to social, environmental and developmental impacts and we encourage customers to adopt management practices to continuously improve their social and environmental performance. ANZ supports customers that use internationally accepted industry management practices to manage social, environmental and economic impacts (including effects on human rights, biodiversity, cultural heritage, indigenous rights, health and safety, governance and environmental sustainability).","Please acknowledge that you have read and understood the Shared Responsibility requirements for policy submissions.","Yes","No discrimination ‚ç∞,Wage and working conditions ‚ç∞,Freedom of association ‚ç∞,No child labour ‚ç∞,No harassment ‚ç∞,No forced or trafficked labour ‚ç∞","Yes","Recruitment ‚ç∞,Contractors ‚ç∞,Sub-Contractors & Third-Party Contractors ‚ç∞","Yes","Free Prior and Informed Consent (FPIC) ‚ç∞","Yes","Yes","Identification and assessment of GHG ‚ç∞,Monitored implementation plan to reduce or minimise GHG emissions ‚ç∞","Yes","No","No",null,null,"No","ANZ does not have a strategy in place to support non Institutional companies or counterparties outside of Australia and New Zealand","No","Yes","Yes","Yes","No","No","Others","ANZ does not have a strategy in place to support non Institutional companies or counterparties outside of Australia and New Zealand","Others","Where our Institutional clients have supply chains that include palm oil as an upstream product used, we will look to assess their CSR, ESG policies as part of our due diligence and credit analysis. The commitments these clients have to RSPO are taken as part of the analysis.","https://www.anz.com.au/content/dam/anzcomau/documents/pdf/aboutus/forestry-and-forests-policy.pdf?MOD=AJPERES\n\nhttps://www.anz.com.au/content/dam/anzcom/shareholder/ANZ-2020-ESG-Supplement.pdf\n"]
[null,"HSBC Holdings Plc","5-0009-04-000-00","Banks and Investors","Ordinary","United Kingdom","No",null,"I finance or support companies or organisations that produce or manufacture palm oil, palm kernel oil or related products","Corporate / Commercial Banking  ‚ç∞,Trade Finance ‚ç∞,Debt / Capital Market ‚ç∞",null,"Trade Solutions ‚ç∞,Lending/Loans ‚ç∞,Treasury Products ‚ç∞,Cash Management Products ‚ç∞,Investments ‚ç∞",null,"Worldwide ‚ç∞","Yes","Growers ‚ç∞,Traders ‚ç∞,Processors ‚ç∞",null,"Yes","Yes","Yes",2018,2018,"Worldwide ‚ç∞","HSBC has a policy requirement for our existing customers where we provide direct financial services to have all current existing (and certifiable) operations 100% certified. If a customer is not meeting our policy, HSBC will engage with them to take actions to ensure they can achieve compliance within an agreed time period. Failure to meet the agreed timebound plans to achieve certification and compliance with our policy, or expulsion or resignation from the RSPO, would lead to HSBC exiting from a specific\nclient relationship when contractually possible.","Yes","Yes","Yes","HSBC is a member of both the India and China Sustainable Palm Oil Initiatives to advance RSPO and certification in these countries and increase update of CSPO.","Continued engagement through the China and India palm oil alliances. Continued engagement with clients and prospect clients in the sector to pursue certification and encourage CSPO uptake.\n\nUtilising Sustainable Finance products (e.g. green loan, sustainability linked loan) to incentivise clients to increase CSPO uptake.","Please acknowledge that you have read and understood the Shared Responsibility requirements for policy submissions.","Yes","No discrimination ‚ç∞,Wage and working conditions ‚ç∞,Freedom of association ‚ç∞,No child labour ‚ç∞,No harassment ‚ç∞,No forced or trafficked labour ‚ç∞","Yes","Recruitment ‚ç∞,Contractors ‚ç∞","No",null,"Yes","Yes","Identification and assessment of GHG ‚ç∞,Monitored implementation plan to reduce or minimise GHG emissions ‚ç∞","Yes","Yes","Yes","Improved Smallholder livelihoods ‚ç∞","HSBC works with NGO partners on projects supporting smallholders and jurisdictional approaches.\nHSBC also works with our palm oil sector clients, who have smallholder projects and or supply chain projects to advance smallholder market access and/or certification.",null,null,"No","Yes","Yes","Yes","Yes","Yes","Human rights issues,Insufficient demand for RSPO-certified palm oil,Reputation of palm oil in the market",null,"Engagement with business partners or consumers on the use of CSPO,Promotion of CSPO outside of RSPO venues such as trade workshops or industry associations,Providing funding or support for CSPO development efforts,Stakeholder engagement",null,"https://www.hsbc.com/-/files/hsbc/our-approach/risk-and-responsibility/pdfs/200415-hsbc-agricultural-commodities-policy.pdf?download=1"]
[null,"Credit Suisse AG","5-0010-10-000-00","Banks and Investors","Ordinary","Switzerland","No",null,"I finance or support companies or organisations that produce or manufacture palm oil, palm kernel oil or related products","Corporate / Commercial Banking  ‚ç∞,Trade Finance ‚ç∞,Private Banking ‚ç∞,Investment / Equity ‚ç∞,Debt / Capital Market ‚ç∞",null,"Trade Solutions ‚ç∞,Lending/Loans ‚ç∞,Treasury Products ‚ç∞,Investments ‚ç∞",null,"Worldwide ‚ç∞","Yes","Growers ‚ç∞,Processors ‚ç∞",null,"Yes","Yes","Yes",2022,2022,"Worldwide ‚ç∞","Engagement and advisory support in the first instance.","Yes","Yes","No","Examples of activities include: (1) Supporting the RSPO Financial Institutions Consultative Group (FICG) (2) Participation in Technical Advisory Group of the ZSL SPOTT project (3) Engagement with business clients to develop a sustainable palm oil strategy\n(4) We feature the RSPO on our corporate website under 'Agreements & Memberships':\nhttps://www.credit-suisse.com/about-us/en/our-company/corporate-responsibility/banking/agreements-memberships.html","Actions will include the following: (1) Continued participation in the RSPO FICG (2) Continued\nparticipation in Technical Advisory Group of the ZSL SPOTT project (3) Ongoing engagement with business clients to develop a sustainable palm oil strategy","Please acknowledge that you have read and understood the Shared Responsibility requirements for policy submissions.","Yes","No discrimination ‚ç∞,Wage and working conditions ‚ç∞,Freedom of association ‚ç∞,No child labour ‚ç∞,No harassment ‚ç∞,No forced or trafficked labour ‚ç∞","Yes","Recruitment ‚ç∞,Contractors ‚ç∞,Sub-Contractors & Third-Party Contractors ‚ç∞","Yes","Free Prior and Informed Consent (FPIC) ‚ç∞,Compensation ‚ç∞","Yes","Yes","Identification and assessment of GHG ‚ç∞,Monitored implementation plan to reduce or minimise GHG emissions ‚ç∞","Yes","Yes","No",null,null,"No","International financial institutions find it difficult to provide financial support to smallholder entities as our rates would typically not be competitive compared to local financial institutions. Moreover, we may be legally prohibited to take independent smallholders as individual clients in certain markets.\n","Yes","Yes","Yes","Yes","Yes","Yes","Competition with non-RSPO members,Insufficient demand for RSPO-certified palm oil,Reputation of palm oil in the market,Others","Feedback from our bankers in client / prospect meetings that Asian regional, Chinese, Taiwanese and Japanese banks are not applying ESG standards to deals in the sector, placing us at a disadvantage. There needs to be more work done across the RSPO membership to reward /recognize the efforts of committed members and to pressure other players to join and support a sustainable palm oil industry. The issuance of green financing (e.g. green bonds / loans, sustainability-linked bonds / loans, etc.) is also affected by some second party opinion providers being unwilling to consider palm oil growers as credible, including RSPO certified ones.\n","Engagement with business partners or consumers on the use of CSPO,Engagement with government agencies,Promotion of CSPO outside of RSPO venues such as trade workshops or industry associations,Stakeholder engagement,Others","Earlier responses refer, including (1) client engagement on strategy development, (2) supporting ESG integration and capacity building among local banks, (3) global peer bank engagement through FICG, and (4) support to the NGO community through funding and/or industry insights.\n","https://www.credit-suisse.com/media/assets/corporate/docs/about-us/investor-relations/financial-disclosures/financial-reports/csg-sr-2020-en.pdf\n\nhttps://www.credit-suisse.com/media/assets/corporate/docs/about-us/responsibility/banking/policy-summaries-en.pdf"]
["Late","Citi","5-0011-10-000-00","Banks and Investors","Ordinary","Indonesia","No",null,"I finance or support companies or organisations that produce or manufacture palm oil, palm kernel oil or related products","Corporate / Commercial Banking  ‚ç∞,Trade Finance ‚ç∞,Private Banking ‚ç∞,Debt / Capital Market ‚ç∞",null,"Trade Solutions ‚ç∞,Lending/Loans ‚ç∞,Treasury Products ‚ç∞,Cash Management Products ‚ç∞",null,"Worldwide ‚ç∞","Yes","Growers ‚ç∞",null,"Yes","Yes","Yes",2013,"N/A","Worldwide ‚ç∞","If a client is not a member of the RSPO we will make the continuation of the financial relationship contingent upon a time-bound action plan of no longer than 3 years to become a member. If a client is at risk of losing their membership we will work with the client to develop a short term action plan to realign with the RSPO principles and criteria. If a client cannot or decides they are not willing to meet the requirements of RSPO membership we will exit the relationship.","Yes","Yes","Yes","We conducted a firm wide agricultural portfolio review in which we engaged with our palm oil clients in business segments beyond growers to understand the total uptake of RSPO among processors and traders and develop ways to enhance our approach across the supply chain. During the process we have encouraged our processor and trader clients to join the RSPO in the few cases that they were not yet members.\n\nIt is a normal part of our review and due diligence process of our palm oil and palm oil related clients to promote the adoption of RSPO certification and membership when not specifically required by our policy. ","Citi will continue to enhance our approach to promote CSPO uptake with clients throughout the palm oil supply chain. We will engage our higher risk RSPO member clients and support them in better aligning their environmental and social management systems with the RSPO principles and criteria when gaps become evident during our annual and transaction based environmental and social risk review process. We will also continue to engage all potential new clients at onboarding who are not RSPO members to take steps to become RSPO certified as a condition to providing financial services.\n\nCiti will be focused on enhancing our approach to forced labor in the palm oil sector through enhanced engagements and forced labor oriented questionnaires. ","Please acknowledge that you have read and understood the Shared Responsibility requirements for policy submissions.","Yes","No discrimination ‚ç∞,Wage and working conditions ‚ç∞,Freedom of association ‚ç∞,No child labour ‚ç∞,No harassment ‚ç∞,No forced or trafficked labour ‚ç∞","Yes","Recruitment ‚ç∞,Contractors ‚ç∞,Sub-Contractors & Third-Party Contractors ‚ç∞","Yes","Free Prior and Informed Consent (FPIC) ‚ç∞,Compensation ‚ç∞","Yes","Yes","Identification and assessment of GHG ‚ç∞,Monitored implementation plan to reduce or minimise GHG emissions ‚ç∞","Yes","No","No",null,null,"Yes",null,"No","Yes","Yes","Yes","Yes","No","Human rights issues,Reputation of palm oil in the market,Reputation of RSPO in the market,Traceability issues",null,"Engagement with business partners or consumers on the use of CSPO,Promotion of CSPO outside of RSPO venues such as trade workshops or industry associations,Stakeholder engagement",null,"https://www.citigroup.com/citi/about/esg/download/2020/Global-ESG-Report-2020.pdf?ieNocache=43\nhttps://www.citigroup.com/citi/sustainability/data/Environmental-and-Social-Policy-Framework.pdf"]
[null,"BNP Paribas","5-0013-11-000-00","Banks and Investors","Ordinary","France","No",null,"I finance or support companies or organisations that produce or manufacture palm oil, palm kernel oil or related products","Corporate / Commercial Banking  ‚ç∞,Trade Finance ‚ç∞,Private Banking ‚ç∞,Investment / Equity ‚ç∞,Debt / Capital Market ‚ç∞",null,"Trade Solutions ‚ç∞,Lending/Loans ‚ç∞,Treasury Products ‚ç∞,Cash Management Products ‚ç∞,Investments ‚ç∞",null,"Africa ‚ç∞,South America ‚ç∞,India,Indonesia,Malaysia","Yes","Growers ‚ç∞,Traders ‚ç∞,Processors ‚ç∞",null,"Yes","Yes","Yes",2025,2025,"Africa ‚ç∞,South America ‚ç∞,India,Indonesia,Malaysia","If a client does not meet the requirements of our policy on palm oil, we initiate a dialogue to ensure that improvements can be made, to achieve compliance with our policy within an acceptable time-frame.\nIf the client does not comply with our policy and does not show willingness to improve its practices, we will refuse investing or providing financial products or services, and gradually exit the relationship.","Yes","Yes","No","We have continued to ensure that the criteria related to non-deforestation in our sectoral policy and supported the collaboration between RSPO and HCSA were effectively implemented. \nBNP Paribas requires that Upstream Palm Oil Companies (plantations and mills): \n- be RSPO members (or have a time-bound plan to become RSPO members); \n- have published an up-to-date communication on progress; \n- have a time-bound plan for full RSPO certification of their operations. BNP Paribas will assess whether Upstream Palm Oil Companies (plantations and mills) have a time-bound plan for full RSPO certification of their fresh fruit bunches supply base (or similar verification mechanism for smallholders). \n- have a policy in place to conduct High Carbon Stock (HCS) assessments before\ndeveloping new oil palm plantations, and to protect the HCS forests identified within their concessions.\n\nBNP Paribas requires that Downstream Palm Oil Companies (i.e. refiners and traders): \n- be RSPO members (or have a time-bound plan to become RSPO members); \n- have published an up-to-date communication on progress; \n- have a time-bound plan to achieve full RSPO certification of their operations. BNP Paribas will assess whether Downstream Palm Oil Companies (i.e. refiners and traders) have a time-bound plan to trade and/or process only RSPO-certified palm oil.","As mentioned above, our CSR policy regarding our financing and investing activities in the palm oil sector has been reinforced take into account recent developments and commitments taken by major players. \nOn that basis, we continue to strengthen the dialogue with our clients regarding their CSR performance, including the promotion of CSPO as explained above. This update contributes to our commitment made within the Soft Commodities Compact to finance the growth in the markets for palm oil, wood products, soya and beef, without causing net deforestation. Above their own due diligence processes, the signatory banks ensure that their customers also implement suitable internationallyrecognized\nmonitoring means, such as RSPO in the palm oil sector.","Please acknowledge that you have read and understood the Shared Responsibility requirements for policy submissions.","Yes","No discrimination ‚ç∞,Wage and working conditions ‚ç∞,Freedom of association ‚ç∞,No child labour ‚ç∞,No harassment ‚ç∞,No forced or trafficked labour ‚ç∞","Yes","Recruitment ‚ç∞,Contractors ‚ç∞,Sub-Contractors & Third-Party Contractors ‚ç∞","Yes","Free Prior and Informed Consent (FPIC) ‚ç∞,Compensation ‚ç∞","Yes","Yes","Identification and assessment of GHG ‚ç∞,Monitored implementation plan to reduce or minimise GHG emissions ‚ç∞","Yes","No","No",null,null,"No","BNP Paribas has indirect relationships with oil palm independent smallholders: the main clients of the Bank are big producers or traders. Smallholders are out of our direct sphere of influence. Nevertheless, we have successfully accompanyed some of our big clients to make their supply chain of other commodities more sustainable like in Indonesia with the rubber industry (see weblink about TLFF, https://cib.bnpparibas.com/sustain/impact-banking-tlff-a-rubber-revolution-takes-shape-in-indonesia_a-3-2429.html). It is something we could replicate to others commodities like the oil palm depending of our clients will.","No","Yes","Yes","Yes","Yes","Yes","Others","1) Economic obstacle: RSPO seems to be in an in-between situation: on one hand, many very important markets do not pay particular importance to environmental labels such as RSPO and growers find strong difficulties in passing-through certification costs when addressing these markets. On the other hand, many Consumer Goods Manufacturers in the European and American markets ask now their providers to comply with environmental standards which go beyond RSPO requirements, such as HCS protection and no deforestation commitment, generally embedded in a No Deforestation, No Peat, No Exploitation policy. Addressing these two issues appears to be crucial for RSPO and a necessary preamble to any effort from the financial sector to promote CSPO among its clients. \n\n2) Another important difficulty is, while assessing the ESG performance, to know\nprecisely what the real practices of the company on the ground are. Many different statements and points of view may arise during investigation or audit and we need to clearly state out what's really happening. To mitigate this difficulty we ask, we primarily rely on experts that go on the ground, such as Earthwarn, but also on other stakeholders, such as NGOs.","Engagement with business partners or consumers on the use of CSPO,Others","BNP Paribas is member of RSPO since 2011 and has been since then fully supporting the vision of RSPO to transform markets by being a responsible financial player in the palm oil sector, based on a public policy including binding ESG criteria and with the help of external auditors to assess the ESG performance of the actors we chose to support. \nBNP Paribas is also member of the Financial Institution Task Force (FITF): placed under the umbrella of RSPO, this group gathers several banks involved in the palm oil sector and members of RSPO. It has released an outreach document detailing what are the opportunities for a financial player to become RSPO member and where can be found useful information regarding best practices in financing the palm oil sector"," "]
[null,"UBS AG","5-0014-11-000-00","Banks and Investors","Ordinary","Switzerland","No",null,"I finance or support companies or organisations that produce or manufacture palm oil, palm kernel oil or related products","Corporate / Commercial Banking  ‚ç∞,Trade Finance ‚ç∞,Private Banking ‚ç∞,Investment / Equity ‚ç∞,Debt / Capital Market ‚ç∞",null,"Trade Solutions ‚ç∞,Lending/Loans ‚ç∞,Investments ‚ç∞",null,"Worldwide ‚ç∞","Yes","Growers ‚ç∞,Traders ‚ç∞,Processors ‚ç∞",null,"Yes","Yes","Yes","N/A","N/A","Worldwide ‚ç∞","We will only work with clients who are RSPO members. In case a new client is not meeting our\nrequirements, we engage with them to understand their willingness, capacity and resources to become RSPO members (if not already) with a credible plan for full certification. If the client is committed to obtaining full RSPO certification, we would then incorporate relevant contract clauses and corrective action plan in loan documentation and contractual agreements. If the client does not show willingness or is unable to comply with our requirements we will not enter the relationship.","Yes","Yes","No","'- Member of RSPO's Financial Institutions Task Force to increase engagement with financial institutions (non-members) & attract more members from the Financial Institutions community \n- Member of the RSPO's Complaints Panel \n- Continuous work with and on the Banking Environment Initiative's and the Consumer Goods Forum's 'Soft Commodities' Compact. The Compact clearly references the RSPO as the relevant certification scheme in the palm oil industry to support the goal of 'zero net deforestation'\n- UBS applies a requirement for palm oil companies to be committed to 'No Deforestation, No Peat and No Exploitation' (NDPE), which is increasingly being adopted in the palm oil sector\n","'-Encourage regional banks in palm oil producing countries to join RSPO; \n-Further strengthen our engagement with RSPO and peers; and \n-Foster exchange with other Financial Institutions and corporations on palm oil topic","Please acknowledge that you have read and understood the Shared Responsibility requirements for policy submissions.","Yes","No discrimination ‚ç∞,Wage and working conditions ‚ç∞,Freedom of association ‚ç∞,No child labour ‚ç∞,No harassment ‚ç∞,No forced or trafficked labour ‚ç∞","Yes","Recruitment ‚ç∞,Contractors ‚ç∞,Sub-Contractors & Third-Party Contractors ‚ç∞","Yes","Free Prior and Informed Consent (FPIC) ‚ç∞,Compensation ‚ç∞","Yes","Yes","Identification and assessment of GHG ‚ç∞,Monitored implementation plan to reduce or minimise GHG emissions ‚ç∞","Yes","No","No",null,null,"No","Given our client base we will only work with RSPO members","No","Yes","Yes","Yes","Yes","No","Others","'- UBS may be losing business to banks that do not have similarly stringent RSPO\nrequirements \n- Availability of reliable data on companies' overall sustainability performance/compliance with RSPO efforts.","Others","As outlined above UBS will continue to apply an environmental & social risk framework to all transactions, products, services and activities in order to identify and assess potential environmental and social issues and to manage any identified risks. As part of this process, UBS will engage with clients and suppliers in order to understand their processes and policies and to explore how environmental and social risks may be mitigated. UBS is involved in initiatives to promote sustainable palm oil including: - Working on the implementation of the BEI/CGF 'Soft Commodities Compact', and - Regular engagement with global peer banks through the RSPO Financial Institution Task Force group.","yes, ESR policy framework \nhttps://www.ubs.com/global/en/ubs-society/our-documents/_jcr_content/mainpar/toplevelgrid/col1/tabteaser/innergrid_1976054452_651975952/xcol3/teaser/linklist/link_731997085.0785819527.file/bGluay9wYXRoPS9jb250ZW50L2RhbS91YnMvZ2xvYmFsL3Vicy1zb2NpZXR5LzIwMjAvZXNyLWZyYW1ld29yay1tYXJjaDIwMjEucGRm/esr-framework-march2021.pdf"]
[null,"ABN AMRO Bank N.V.","5-0016-14-000-00","Banks and Investors","Ordinary","Netherlands","No",null,"I finance or support companies or organisations that produce or manufacture palm oil, palm kernel oil or related products","Corporate / Commercial Banking  ‚ç∞,Trade Finance ‚ç∞,Private Banking ‚ç∞,Investment / Equity ‚ç∞,Debt / Capital Market ‚ç∞",null,"Trade Solutions ‚ç∞,Lending/Loans ‚ç∞,Treasury Products ‚ç∞,Cash Management Products ‚ç∞",null,"Worldwide ‚ç∞","Yes","Growers ‚ç∞,Traders ‚ç∞,Processors ‚ç∞,Others","n addition to our palm oil policy, RSPO \nrequirements are included in our \nsustainability sector requirements for \nManufacturing which applies to Consumer Goods Manufacturers and Retailers\n","Yes","Yes","Yes",2020,2020,"Worldwide ‚ç∞","Our clients have to comply with our Exclusion List and our sustainability risk policies (ia.\nproducers, processors and traders are assessed against our sustainability sector requirements for agri commodities/palm oil and downstream clients are assessed against our sustainability sector requirements for manufacturing). \nABN AMRO assesses compliance with our policies at 1) onboarding 2) new financing \n3) annual review, and 4) in case of severe events. In case of non compliance the \ncompany is not onboarded if there is no willingness and capacity to improve. \nOtherwise, we will engage with the company to address the issues until they are \naddressed. \nThis engagement will be time bound (max. 3 years), include an engagement and action \nplan and include regular monitoring and reporting system on progress (see our \nEngagement Guideline in the Sustainability Risk Policy for Lending and Project Finance)","Yes","Yes","Yes","'- We represented the FITF in the Shared Responsibility Working Group until October 2020\n- We participated in the Human Rights Working Group until October 2020\n- We participated in panel discussions and meetings on sustainability to discuss sustainable \npalm oil practices\n- We were a member of Sustain; a block chain initiative to enhance transparency in the \npalm oil value chain\n","'- ABN AMRO announced in August 2020 that it will wind down its Corporate & Institutional Banking activities outside of Europe and the entire Trade & Commodity Finance desk by 2024. With this strategic decision, our priorities for the coming year will change and we will shift our focus from upstream players to downstream players active in North Western Europe. \n- We will encourage our downstream clients to include the consumption of CSPO in sustainable finance instruments.\n- We will continue our engagement with other banks on certified sustainable palm oil.\n- We will continue to create external stakeholder awareness on the RSPO and certified \nsustainable palm oil via presentations, participation in panels etc.","Please acknowledge that you have read and understood the Shared Responsibility requirements for policy submissions.","Yes","No discrimination ‚ç∞,Wage and working conditions ‚ç∞,Freedom of association ‚ç∞,No child labour ‚ç∞,No harassment ‚ç∞,No forced or trafficked labour ‚ç∞","Yes","Recruitment ‚ç∞,Contractors ‚ç∞,Sub-Contractors & Third-Party Contractors ‚ç∞","No",null,"Yes","Yes","Identification and assessment of GHG ‚ç∞,Monitored implementation plan to reduce or minimise GHG emissions ‚ç∞","Yes","No","Yes","Improved Smallholder livelihoods ‚ç∞","We are able to support smallholders via our sustainable finance instruments. Besides, we have regular discussions with our clients on smallholders and their smallholder support projects.",null,null,"No","Yes","Yes","Yes","Yes","No","Difficulties in the certification process,Competition with non-RSPO members,High costs in achieving or adhering to certification,Human rights issues,Insufficient demand for RSPO-certified palm oil,Reputation of palm oil in the market,Reputation of RSPO in the market,Supply issues,Traceability issues",null,"Engagement with business partners or consumers on the use of CSPO,Engagement with government agencies,Promotion of CSPO outside of RSPO venues such as trade workshops or industry associations,Providing funding or support for CSPO development efforts,Stakeholder engagement",null,"N/A"]
[null,"ING Bank N.V.","5-0019-15-000-00","Banks and Investors","Ordinary","Netherlands","No",null,"I finance or support companies or organisations that produce or manufacture palm oil, palm kernel oil or related products","Corporate / Commercial Banking  ‚ç∞,Trade Finance ‚ç∞",null,"Trade Solutions ‚ç∞,Lending/Loans ‚ç∞,Treasury Products ‚ç∞,Cash Management Products ‚ç∞",null,"Africa ‚ç∞,Europe ‚ç∞,China,Indonesia,Malaysia","Yes","Growers ‚ç∞,Traders ‚ç∞,Processors ‚ç∞",null,"Yes","Yes","Yes",2023,2030,"Worldwide ‚ç∞","ING applies it's Environmental Social Risk (ESR) policy framework to its business engagements. One policy in the ESR framework is the Sector Policy for Forestry and Agrocommodities, which applies to all products and services offered by ING to entities in scope of our Framework that are operating in the\nforestry and agrocommodities sector, including palm oil. 1) Business engagements in the palm oil sector will require production companies owning, operating or managing plantations/crushing mills to either be\nan RSPO member or in the process of becoming a member, and to commit to certify heir operations RSPO in a time-bound plan. If a company owns, operates or manages palm oil plantations/mills which do\nnot comply with the RSPO certification, then ING engages the company on the reasons for such noncompliance. Afterwards, we require the company to have a time-bound plan to achieve RSPO certification for all the plantations under its operational control. We will then assess the client's commitment and progress towards full RSPO certification. In case our financing is in scope of the commitment and progress towards full RSPO certification. In case our financing is in scope of the Equator Principles and directly supporting the development of palm oil plantations, ING requires\ncompliance with the P&C of the RSPO certification and with the IFC environmental, health, and safety guidelines for vegetable oil production and processing. 2) Traders are required to be or become RSPO members as well within an agreed timeline, and to commit to increasing trading RSPO certified palm oil as much as possible. 3) ING promotes the use of best practices with its clients. ING also promotes RSPO certification with companies that buy or trade palm oil products, but do not own, operate or manage palm oil plantations. For such companies ING promotes RSPO membership, but we do not require it.\n","Yes","Yes","Yes","Client engagement ING risk and front office departments engage clients in the palm oil sector and discuss relevant topics, when necessary. We discuss how we can support clients in realizing their RSPO certification' objectives and solve potential environmental or social issues affecting their operations. Financial Institution Task Force ING is a member of the Financial Institutions Task Force working group of the RSPO. Here Financial Institutions share sector knowledge and feedback. The Task Force also does outreach to local regional operating banks and hosts consultants that share advancements related to tools to manage and assess Environmental and Social risks in the palm oil supply chain.","ING will continue to support the objectives of the RSPO by promoting RSPO membership and certification amongst the palm oil actors in the supply chain, in line with the requirements included in our ESR Framework. ING has a restrictive policy on onboarding new palm oil clients.","Please acknowledge that you have read and understood the Shared Responsibility requirements for policy submissions.","Yes","No discrimination ‚ç∞,Wage and working conditions ‚ç∞,Freedom of association ‚ç∞,No child labour ‚ç∞,No forced or trafficked labour ‚ç∞","Yes","Recruitment ‚ç∞,Contractors ‚ç∞,Sub-Contractors & Third-Party Contractors ‚ç∞","No",null,"Yes","Yes","Identification and assessment of GHG ‚ç∞,Monitored implementation plan to reduce or minimise GHG emissions ‚ç∞","Yes","Yes","No",null,null,"No","ING engages with its Wholesale Banking clients within the palm oil sector to continuously learn and improve in line with RSPO. ING does not have a customer base on the independent small holder level nor intention to grow a customer base there. Our Asia and Africa business only offers corporate banking services, we have no local Retail branche (where smallholder finance could be). We aim to use our expertise, network and leverage with our existing large client base, for example by proactively asking our clients to develop or improve supply chain or sourcing policies. In this way aiming to contribute to fair and sustainable palm oil production at all levels of the supply chain.","No","Yes","Yes","Yes","Yes","Yes","Awareness of RSPO in the market,Difficulties in the certification process,High costs in achieving or adhering to certification,Insufficient demand for RSPO-certified palm oil,Reputation of palm oil in the market,Reputation of RSPO in the market,Others","To manage the perception of a large number of ING's stakeholders that little global\nprogress is observed in terms of RSPO certification of plantations/operations whilst we\ncontinue to support our own clients which certification progress ING actively monitors.\nInsufficient demand for RSPO-certified oil is clearly a challenge for all involved parties.","Engagement with business partners or consumers on the use of CSPO,Stakeholder engagement",null,"https://www.ing.com/Sustainability/Our-Stance/Palm-oil.htm https://www.ing.com/Newsroom/News/Fivethings-about-palm-oil.htm \nhttps://www.ing.com/Sustainability/Sustainable-business/Human-Rights.htm"]
["Late","African Agriculture Fund LLC","5-0020-15-000-00","Banks and Investors","Ordinary","Mauritius","No",null,"I finance or support companies or organisations that produce or manufacture palm oil, palm kernel oil or related products","Investment / Equity ‚ç∞",null,"Investments ‚ç∞",null,"Africa ‚ç∞","Yes","Growers ‚ç∞,Processors ‚ç∞,Retailers ‚ç∞",null,"No","No",null,null,null,null,"Continuation of broadly promoting the value of RSPO as a sustainability driven organisation/management system.","Yes","Yes","Yes","Encourage RSPO P's & C's","Continue to promote the values of RSPO","Please acknowledge that you have read and understood the Shared Responsibility requirements for policy submissions.","No",null,"No",null,"No",null,"No","No",null,"Yes","No","Yes","Fair and transparent dealings with Smallholders ‚ç∞,Improved Smallholder livelihoods ‚ç∞","Indirectly thorough our investment in a Portfolio Company",null,null,"No","No","No","No","No","No","Reputation of palm oil in the market",null,"Engagement with business partners or consumers on the use of CSPO"]
[null,"Robeco Institutional Asset Management B.V","5-0021-19-000-00","Banks and Investors","Ordinary","Netherlands","No",null,"I finance or support companies or organisations that produce or manufacture palm oil, palm kernel oil or related products","Investment / Equity ‚ç∞",null,"Investments ‚ç∞",null,"Worldwide ‚ç∞","Yes","Growers ‚ç∞,Traders ‚ç∞,Processors ‚ç∞",null,"Yes","Yes","Yes",2025,"N/A","Worldwide ‚ç∞","We have excluded a large number of companies that are not a member of RSPO and do not meet our minimum requirement of 20% of hectares certified. By 31 december 2021 we will increase this minimum threshold to 50% of hectares certified against the RSPO standard.","Yes","Yes","Yes","Engage with all palm oil producing companies in our investment portfolio. Engage with NGOs and other stakeholders.","We continue to develop our palm oil policy for the period post 31 December 2021 and engage with the companies in our investment portfolio.","Please acknowledge that you have read and understood the Shared Responsibility requirements for policy submissions.","Yes","No discrimination ‚ç∞,Wage and working conditions ‚ç∞,Freedom of association ‚ç∞,No child labour ‚ç∞,No harassment ‚ç∞,No forced or trafficked labour ‚ç∞","Yes","Recruitment ‚ç∞,Contractors ‚ç∞,Sub-Contractors & Third-Party Contractors ‚ç∞","Yes","Free Prior and Informed Consent (FPIC) ‚ç∞,Compensation ‚ç∞","Yes","Yes","Identification and assessment of GHG ‚ç∞,Monitored implementation plan to reduce or minimise GHG emissions ‚ç∞","Yes","Yes","Yes","Fair and transparent dealings with Smallholders ‚ç∞,Improved Smallholder livelihoods ‚ç∞","We call upon the companies we invest in to actively support smallholders in their operations (plasma) and in their supply chain.",null,null,"No","Yes","Yes","Yes","Yes","Yes","Difficulties in the certification process,Certification of smallholders,High costs in achieving or adhering to certification,Human rights issues,Insufficient demand for RSPO-certified palm oil,Reputation of palm oil in the market,Traceability issues",null,"Engagement with government agencies,Stakeholder engagement",null,"The following reports and articles are available:\n- https://www.robeco.com/docm/docu-palm-oil-position-paper.pdf\n- https://www.robeco.com/docm/docu-exclusion-list.pdf\n- https://www.robeco.com/media/0/e/2/0e269c20369df64dbb80eb053f3abf75_dutch-financial-institutions-support-the-transition-to-a-sustainable-palm-oil-industry_tcm17-17617.pdf\n- https://www.robeco.com/en/insights/2019/11/the-spy-in-the-sky-for-deforestation.html\n- https://www.robeco.com/en/insights/2019/03/our-approach-to-sustainable-investing-in-palm-oil.html"]
[null,"NN Investment Partners Holdings N.V.","5-0022-19-000-00","Banks and Investors","Ordinary","Netherlands","No",null,"I finance or support companies or organisations that produce or manufacture palm oil, palm kernel oil or related products","Investment / Equity ‚ç∞,Debt / Capital Market ‚ç∞",null,"Lending/Loans ‚ç∞,Investments ‚ç∞",null,"Worldwide ‚ç∞","Yes","Growers ‚ç∞,Traders ‚ç∞,Processors ‚ç∞,Consumer Goods Manufacturers ‚ç∞,Retailers ‚ç∞",null,"Yes","No",null,null,null,null,"We can divest the company from our portfolio.","Yes","Yes","No","Engagement with growers and retailers, and also engagement with several local banks that finance the palm oil industry. ","We are updating our palm oil policy. Currently we do not require RSPO membership, but we recommend it. We will update the policy, and require it from our investee companies. In addition, we will continue our engagement efforts. We have engagements with growers, retailers and banks, and we will require more pressing targets. ","Please acknowledge that you have read and understood the Shared Responsibility requirements for policy submissions.","Yes","No discrimination ‚ç∞,Wage and working conditions ‚ç∞,Freedom of association ‚ç∞,No child labour ‚ç∞,No harassment ‚ç∞,No forced or trafficked labour ‚ç∞","Yes","Recruitment ‚ç∞,Contractors ‚ç∞,Sub-Contractors & Third-Party Contractors ‚ç∞","No",null,"No","Yes","Identification and assessment of GHG ‚ç∞,Monitored implementation plan to reduce or minimise GHG emissions ‚ç∞","Yes","Yes","Yes","Fair and transparent dealings with Smallholders ‚ç∞,Improved Smallholder livelihoods ‚ç∞","Through engagement with several companies, including growers and traders. ",null,null,"No","Yes","No","Yes","Yes","Yes","Difficulties in the certification process,High costs in achieving or adhering to certification,Insufficient demand for RSPO-certified palm oil,Reputation of RSPO in the market",null,"Engagement with government agencies,Stakeholder engagement",null,"https://www.nnip.com/en-INT/professional/insights/palm-oil-engagement-through-the-supply-chain"]
[null,"Lestari Capital Pte Ltd","5-0023-19-000-00","Banks and Investors","Ordinary","Singapore","No",null,"I finance or support companies or organisations that produce or manufacture palm oil, palm kernel oil or related products","Other:","Development and management of financial mechanisms for nature conservation (including HCV and HCS areas)","Trade Solutions ‚ç∞,Other :","Providing solution to growers to manage their RaCP liability","Indonesia,Rest of Asia ‚ç∞","No",null,null,null,"No",null,null,null,null,"Engagement and advisory support if allowed and needed.\n\nHowever, before prospects can become Lestari Capital clients, they must first commit to meeting or exceeding established certification and supply chain standards, such as RSPO and FSC; or have a published sustainability policy incorporating commitments to NDPE. These commitments must include, either explicitly or implicitly, conservation and ecosystem restoration initiatives as pathways to compliance.\n","Yes","Yes","No","Example of activities:\n-Member of the RSPO Financial Institutions Technical Forum\n\n-AVPN SEED Climate Finance Lab and Scope of Returns on Investments in Climate Smart Solutions; AVPN SEA Summit 2020, Bali, 12-14 February 2020 https://seasummit.avpn.asia/session/avpn-seed-climate-finance-lab/ https://seasummit.avpn.asia/session/funding-climate-action/ \nGabriel Eickhoff, CEO of Lestari Capital, as a panelist in both sessions, reiterated the importance of sustainability practices as an enabler of profitability and certification as a reliable referencing prerequisite for financing, relating to RSPO as an example for the palm oil sector\n\n-Global Innovation Challenge: https://www.wmgic.org/wmgic-v-keynote.html\nMichal Zrust, the Founder of Lestari Capital, as one of the keynote speakers mentioned the importance of high industry standard in the business operation, such as RSPO.\n","1. Continued participation in the RSPO FITF\n\n2. Continued participation as a member of the Assurance Standing Committee\n\n3. Ramp up efforts to engage RSPO members who require assistance in meeting their RaCP obligations, working alongside the RSPO \n\n4. Offers a product where companies with small liabilities (mainly smallholders) could be aggregated so that it will bring significant impact, and at the same time also reduce the burden of RSPO secretariat, external reviewers, and liability holders\n\n5. Initiate mechanism that encourages proactive forest and peatland conservation and restoration effort. https://www.reuters.com/article/asia-palmoil-forests-climate-idINL4N2M20K6\nFurther details cannot be shared for competitive reasons.","Please acknowledge that you have read and understood the Shared Responsibility requirements for policy submissions.","No","No discrimination ‚ç∞,Wage and working conditions ‚ç∞,Freedom of association ‚ç∞,No child labour ‚ç∞,No harassment ‚ç∞,No forced or trafficked labour ‚ç∞","No","Recruitment ‚ç∞,Contractors ‚ç∞,Sub-Contractors & Third-Party Contractors ‚ç∞","Yes","Free Prior and Informed Consent (FPIC) ‚ç∞,Compensation ‚ç∞","No","No","Identification and assessment of GHG ‚ç∞,Monitored implementation plan to reduce or minimise GHG emissions ‚ç∞","Yes","Yes","No",null,null,"Yes",null,"No","Yes","No","No","Yes","Yes","High costs in achieving or adhering to certification,Insufficient demand for RSPO-certified palm oil",null,"Engagement with business partners or consumers on the use of CSPO,Promotion of CSPO outside of RSPO venues such as trade workshops or industry associations,Providing funding or support for CSPO development efforts,Stakeholder engagement",null,"https://lestaricapital.com/mechanisms/rimba-collective/"]