Malaysian palm oil giant IOI sues RSPO
IOI, one of the world’s leading palm oil producers, is suing the Roundtable on Sustainable Palm Oil after the organisation suspended the company’s certification last month.
Dato’ Lee Yeow Chor, CEO at IOI, said the suspension had “caused significant disruption” to its business in Europe and America, with leading palm oil buyers including Hershey’s, Unilever, Kellogg’s, Nestle and Mars moving quickly to cancel their contracts with IOI.
IOI, one of the RSPO’s founding members, was suspended after complaints were made against four of its subsidiaries by Dutch sustainability consultancy Aid environment alleging deforestation in IOI concessions in West Kalimantan.
Dato Lee said “We feel that we have been unfairly affected by the extent and scope of the suspension decision.” Greenpeace accused the company of bullying tactics.
Sustainable brands driving growth at Unilever
Five years on since the launch of Unilever’s social and environmental responsibility programme, the Sustainable Living Plan, the brands are delivering faster growth than the rest of its business.
Unilever’s Sustainable Living brands, which include Knorr, Dove, Lipton and Hellmann’s, grew 30% quicker than the rest of its businesses, and delivered nearly half of Unilever’s annual growth.