IOI Group Sustainability Policy
IOI Corporation Berhad (IOI) has recently revised its IOI Group Sustainability Policy (IOISP), formerly known as the Sustainable Palm Oil Policy (SPOP). The revised policy incorporates new sustainability requirements and addresses stakeholder concerns. The latest revision is based on the current best practices in the industry and reflects our latest commitments.
Some of the new main commitments and statements are as follows: -
- Adopt palm oil production practices that are environmentally sound and protect forests, biodiversity, and corresponding natural ecosystems.
- Implement decarbonization programs to gradually reduce Greenhouse Gas (GHG) emissions through nature-based solutions, engineered solutions, and supply chain management, as outlined in IOI’s Pathway to Net-Zero by 2040.
- Ensure the board's involvement in overseeing sustainability matters to ensure effective and successful implementation of the commitments.
- Practice responsible water stewardship in line with the IOI Group Water policy.
The latest policy is available for download here: