{"id":18992,"date":"2021-11-25T03:10:00","date_gmt":"2021-11-25T03:10:00","guid":{"rendered":"https:\/\/eodishasamachar.com\/en\/2021\/11\/25\/apical-is-second-most-transparent-palm-oil-company-in-the-world\/"},"modified":"2021-11-25T03:10:00","modified_gmt":"2021-11-25T03:10:00","slug":"apical-is-second-most-transparent-palm-oil-company-in-the-world","status":"publish","type":"post","link":"https:\/\/eodishasamachar.com\/en\/2021\/11\/25\/apical-is-second-most-transparent-palm-oil-company-in-the-world\/","title":{"rendered":"Apical is Second Most Transparent Palm Oil Company in the World"},"content":{"rendered":"

\n<\/p>\n

\n

SINGAPORE –\u00a0Media OutReach<\/a> – 25 November 2021 –\u00a0Apical Group<\/a>,
\none of the largest palm oil processors and exporters in Indonesia and a member
\nof the Singapore-headquartered RGE group of resources-based companies, has been
\nrated the second most transparent palm oil company globally in the SPOTT
\n(Sustainable Palm Oil Transparency Toolkit) Assessment 2021. Apical improved
\nfrom a score of 82.5% in 2020 to 89.4% this year, moving up the ranks from
\neighth to second place.<\/p>\n

\u00a0 <\/p>\n

“Apical remains
\ndedicated to ensuring sustainable practices are adopted across the entire value
\nchain of our palm oil production, from cultivation to consumption. As part of
\nour commitment to transparency, we have been participating in the SPOTT
\nAssessment, a framework developed by ZSL’s (Zoological Society of London) since
\n2019. Our recent score reflects the proactive initiatives and emphasis we have
\nbeen placing on the three pillars of environmental, social and governance
\n(ESG),” said Bremen Yong, Director of Sustainability for Apical Group. <\/p>\n

\u00a0 <\/p>\n

The assessment
\nwhich spans 12 months, evaluates 100 palm oil producers, processors and traders
\non their public disclosure regarding their organisation, policies and practices
\nrelated to ESG matters. Companies assessed on SPOTT are ranked according to
\ntheir overall SPOTT score. The scores are also broken down further into three
\ndisclosure types; organisation, policy and practice. A total of 182 indicators,
\nspread over 10 categories, were used in the assessment of the SPOTT scores for
\npalm oil producers, processors and traders. <\/p>\n

\u00a0 <\/p>\n

The 10
\ncategories are as follows: <\/p>\n

\u00a0 <\/p>\n\n\n\n\n\n\n\n
<\/p>\n

1.\u00a0\u00a0\u00a0\u00a0 Sustainability
\n policy and leadership; <\/p>\n

\n <\/td>\n

<\/p>\n

 <\/p>\n

6.\u00a0\u00a0\u00a0\u00a0 Peat, fire and
\n GHG emissions; <\/p>\n

\n <\/td>\n


\n <\/tr>\n

<\/p>\n

2.\u00a0\u00a0\u00a0\u00a0 Landbank, maps
\n and traceability; <\/p>\n

\n <\/td>\n

<\/p>\n

 <\/p>\n

7.\u00a0\u00a0\u00a0\u00a0 Water,
\n chemical and pest management; <\/p>\n

\n <\/td>\n


\n <\/tr>\n

<\/p>\n

3.\u00a0\u00a0\u00a0\u00a0 Certification
\n standards; <\/p>\n

\n <\/td>\n

<\/p>\n

 <\/p>\n

8.\u00a0\u00a0\u00a0\u00a0 Community,
\n land and labour rights, <\/p>\n

\n <\/td>\n


\n <\/tr>\n

<\/p>\n

4.\u00a0\u00a0\u00a0\u00a0 Deforestation
\n and biodiversity; <\/p>\n

\n <\/td>\n

<\/p>\n

 <\/p>\n

9.\u00a0\u00a0\u00a0\u00a0 Smallholders
\n and suppliers; and <\/p>\n

\n <\/td>\n


\n <\/tr>\n

<\/p>\n

5.\u00a0\u00a0\u00a0\u00a0 HCV, HCS and
\n impact assessments;
\u00a0 <\/p>\n


\n \n <\/td>\n

<\/p>\n

 <\/p>\n

10.\u00a0 Governance and
\n grievances <\/p>\n

\n <\/td>\n


\n <\/tr>\n<\/tbody>\n<\/table>\n

“Apical recognises the importance of SPOTT as a
\nplatform for promoting industry transparency and accountability to drive the
\nadoption of social and environmental best practices, especially in sectors with
\nhigh biodiversity impacts,” added Breme n Yong. <\/p>\n

\u00a0 <\/p>\n

This is the
\nthird consecutive year that Apical Group has been rising up the ranks among
\npalm oil companies globally, based on transparency, commitments and overall
\nexecution of its ESG initiatives. <\/p>\n<\/p><\/div>\n\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

SINGAPORE –\u00a0Media OutReach – 25 November 2021 –\u00a0Apical 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 …<\/p>\n","protected":false},"author":1,"featured_media":18993,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/18992"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=18992"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/18992\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media\/18993"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=18992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=18992"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=18992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}