Apical is Second Most Transparent Palm Oil Company in the World

SINGAPORE – Media OutReach – 25 November 2021 – Apical Group,
one of the largest palm oil processors and exporters in Indonesia and a member
of the Singapore-headquartered RGE group of resources-based companies, has been
rated the second most transparent palm oil company globally in the SPOTT
(Sustainable Palm Oil Transparency Toolkit) Assessment 2021. Apical improved
from a score of 82.5% in 2020 to 89.4% this year, moving up the ranks from
eighth to second place.

“Apical remains
dedicated to ensuring sustainable practices are adopted across the entire value
chain of our palm oil production, from cultivation to consumption. As part of
our commitment to transparency, we have been participating in the SPOTT
Assessment, a framework developed by ZSL’s (Zoological Society of London) since
2019. Our recent score reflects the proactive initiatives and emphasis we have
been placing on the three pillars of environmental, social and governance
(ESG),” said Bremen Yong, Director of Sustainability for Apical Group.

The assessment
which spans 12 months, evaluates 100 palm oil producers, processors and traders
on their public disclosure regarding their organisation, policies and practices
related to ESG matters. Companies assessed on SPOTT are ranked according to
their overall SPOTT score. The scores are also broken down further into three
disclosure types; organisation, policy and practice. A total of 182 indicators,
spread over 10 categories, were used in the assessment of the SPOTT scores for
palm oil producers, processors and traders.

The 10
categories are as follows:

“Apical recognises the importance of SPOTT as a
platform for promoting industry transparency and accountability to drive the
adoption of social and environmental best practices, especially in sectors with
high biodiversity impacts,” added Breme n Yong.

This is the
third consecutive year that Apical Group has been rising up the ranks among
palm oil companies globally, based on transparency, commitments and overall
execution of its ESG initiatives.