User:Apiodavila/Social and environmental impact of palm oil
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SPOTT: ESG policy transparency assessments[edit]
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Palm oil output has been gradually increasing since the end of the twentieth century, with a 15-fold rise between 1980 and 2014. (IUCN, 2021). Aside from the main producing countries of Indonesia and Malaysia, Latin American countries are beginning to play a larger role in the global palm oil industry.[1]
SPOTT is a free, online platform that evaluates commodity producers, processors, and traders on their public disclosure on environmental, social, and governance (ESG) issues.[2]
SPOTT evaluates the public disclosure of 100 palm oil producers, processors, and traders in terms of their organization, policies, and practices relating to environmental, social, and governance (ESG) issues.[2] To track their growth over time, each company is given a percentage score.
For palm oil, timber and pulp, and natural rubber companies, SPOTT assessments follow three complete frameworks of best practice indicators. Each framework includes precise scoring criteria for over 100 indicators that are grouped into ten categories.
The SPOTT indicators were created by ZSL in consultation with technical consultants to ensure that they are closely matched with related programs such as the United Nations Sustainable Development Goals.[2]
For a more detailed explanation of assessment scores, click here
Policies and pledges made by the company may not be carried out effectively on the ground. Although the media monitor on each company's page may provide some insight, independent due diligence should include measures to analyze implementation levels.[1]
References https://www.spott.org/palm-oil/ https://nmbu.brage.unit.no/nmbu-xmlui/handle/11250/2835678[edit]
- ^ a b Albertin, Iris Tamara (2021). "The environmental and social consequences of palm oil production in Colombia".
{{cite journal}}: Cite journal requires|journal=(help) - ^ a b c "Palm oil: ESG policy transparency assessments". SPOTT.org. Retrieved 2022-04-12.