IOI Corp confirms RSPO suspension

KUALA LUMPUR (March 29): IOI Corp Bhd today confirmed that the Roundtable on Sustainable Palm Oil (RSPO) has suspended its certification for the group’s oil palm production.
The suspension, which takes effect on April 1, follows complaints against IOI’s Indonesian subsidiaries’ plantation estates, which produce about 2% of the group’s annual crude palm oil (CPO) production.
“According to the complaints by a non-governmental organisation (NGO), the Indonesian plantations are alleged to be non-compliant with various RSPO Principles and Criteria and requirements,” IOI Corp said in a filing with Bursa Malaysia.

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