UPDATE No. 3 - SNAPSHOT OF EARTHWORM FOUNDATION’S TOOLS FOR TRANSFORMATION YEAR 1 RESULTS FOR IOI EDIBLE OILS SDN. BHD. (IOIEO), SANDAKAN
This is IOI Corporation Berhad’s (IOI) final update on the progress of our supply base in meeting our No Deforestation, No Peat and No Exploitation (NDPE) requirements. This follows Update No.1 and No.2 released in February and May 2020, respectively. This final instalment will cover Key Performing Indicators (KPIs) on engagement with our supply base on sustainability and policy topics, clear commitments in upholding labour rights, and occupational health & safety.
To recap, IOI Edible Oils Sdn Bhd (IOIEO) in 2018/2019 adopted the Tools for Transformation (T4T) Platform by Earthworm Foundation (EF), which allows us to assess suppliers’ performance levels against 14 KPIs to measure pertinent NDPE issues. In the previous two updates, the KPIs reported on NDPE policies that covered forced labour, grievance mechanism, deforestation occurrence, no peat development, children in plantation, freedom of association, and traceability.
This update has been timed to coincide with the completion of IOIEO’s Year 2 assessment and the KPIs reported reflect on the progress made by our suppliers after the action planning from Year 1.
Please find the full update here.