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IOI Corporation Bhd

Company Profile: IOI Corporation Bhd

  • Parent company:
    N/A
  • Landbank (total):
    217,917 hectares
  • Revenue from oil palm cultivation:
    14.4%
  • Market cap:
    6,582,490,624 USD
  • Thomson Reuters ticker:
    IOIB.KL
  • Bloomberg ticker:
    IOI MK
  • ISIN:
    MYL1961OO001
  • RSPO member?
    Yes
  • Other initiatives:
    SPOM, ISCC, ISPO
  • Activities:
    Oil palm cultivation, processing of crude palm oil (CPO) and palm kernel (PK), producing palm oil derivatives, refining, trading
  • Locations:
    Malaysia (Johor, Malacca, Negeri Sembilan, Pahang, Sabah and Sarawak) and Indonesia (West Kalimantan and Central Kalimantan)
  • Headquarters:
    Malaysia
  • Links to other SPOTT companies:
    31.7% stake in Bumitama Agri Ltd and 2.09% stake in IJM Plantations through its subsidiary, Sakilan Desa Sdn Bhd.
  • Notes:
    IOI Group's RSPO certificates were suspended on 4th April 2016. As of 8th August 2016 the company's certificates have been reinstated.
  • Website:

Company Assessment: IOI Corporation Bhd

SPOTT assesses companies against more than 50 indicators across seven categories. Use the timeline to review past assessments. Click on an icon or bar to expand the category for further information, links to sources and best practice advice.

Total: 33 / 59 55.9%
  • RSPO reporting requirements 8 / 15 53.3%
    • Q: 1.1. Is the company an RSPO member?

      A: Yes, IOI Corporation has been an RSPO member since 2004.

      IOI Group's RSPO certificates were suspended on 4th April 2016, but not its membership. As of 8th August 2016 the company's RSPO certificates were reinstated.

      1 / 1.0 | Source

    • Q: 1.2. Has the company submitted its most recent Annual Communication of Progress (ACOP) report to the RSPO?

      A: Yes

      1 / 1.0 | Source

    • Q: 1.3.1. In the company's  most recent and up-to-date RSPO ACOP report, does the company refer to itself as an oil palm grower?

      A: Yes, IOI refers to itself an as an oil palm grower.

      1 / 1.0 | Source

    • Q: 1.3.2. In the company's most recent and up-to-date RSPO ACOP report, does the company state all the countries and regions in which it operates?

      A: No. IOI only states the following countries and regions in which the company operates: Malaysia (Johor, Malacca, Negeri Sembilan, Pahang, Sabah and Sarawak) and Indonesia (West Kalimantan). It does not state the company's operations in Central Kalimantan in Indonesia.

      0 / 1.0 | Source

    • Q: 1.4.1. Has the company RSPO-certified its first plantation estate: a) By November 2010, for companies joining prior to finalisation of the RSPO certification systems in November 2007? b) Within three years of joining the RSPO or of acquiring plantation operations as an RSPO member?

      A: Yes, IOI joined the RSPO in 2004 and certified its first plantation estate in 2009. IOI has a time-bound plan to complete certification by 2020 (this target does not cover the company's operations in Central Kalimantan).

      1 / 1.0 | Source

    • Q: 1.4.2. Has the company missed any of its public targets to be 100% RSPO-certified?

      A: No. A target for 100% RSPO certification of estates was extended from 2013 to 2017 in the 2013-2014 ACOP, and then to 2018 in the 2014 ACOP. This was to take into account the acquisition of 2 new mills at the end of 2013. In the 2015 ACOP this target was further extended to 2020.

      No score | Source

    • Q: 1.5. What percentage of the company's total plantation estates is RSPO-certified?

      A: 78.6% of IOI's plantation estates are RSPO-certified.

      Calculation: 141,487 ha (total area RSPO-certified) divided by 180,000 ha (stated planted area) x 100

      4 / 4.0 | Source

    • Q: 1.6. Are the company's RSPO Principles and Criteria certification assessments publicly available?

      A: Yes

      No score | Source

    • Q: 1.7.1. Have the first of the company's independent FFB suppliers achieved RSPO certification?

      A: No information could be found using the research protocols.

      0 / 1.0

    • Q: 1.7.2. Has the company missed any public targets for 100% of its independent FFB suppliers to be RSPO-certified?

      A: No. IOI has a time-bound plan to 100% RSPO-certify independently sourced FFB by 2017.

      No score | Source

    • Q: 1.8.1. Has the company RSPO-certified its first scheme smallholders?

      A: No. IOI has a time-bound plan to complete certification of its scheme smallholders by 2020 (this target does not cover the company's operations in Central Kalimantan).

      0 / 1.0 | Source

    • Q: 1.8.2. Has the company missed any public targets for 100% of its scheme smallholders to be RSPO-certified?

      A: No. IOI has a time-bound plan to complete certification of its scheme smallholders by 2020, that was extended from 2017.

      No score | Source

    • Q: 1.9. What percentage of the company's scheme smallholder plantations is RSPO-certified?

      A: No information could be found using the research protocols.

      0 / 4.0

    • Q: 1.10. Does the company have any open complaints filed through the RSPO complaints system?

      A: Yes, IOI has the following open complaints filed through the RSPO complaints system:

      March 2010: IOI Group has been accused by local communities and NGOs of infringement of P&C 2.2 the right to land use disputed

      April 2015: IOI subsidiaries PT Sukses Karya Sawit, PT Berkat Nabati Sawit, PT Bumi Sawit Sejahtera have been accused by AidEnvironment of no NPPs published, no challenging time-bound plan, land clearing without Ijin Usaha Perkebunan (IUP), fraudulent statement on activity on the ground issued to Provincial authority, no concession boundary filed in ACOP 2013-2014, encroachment and deep peat clearance

      No score | Source

  • Landbank and maps 4 / 8 50%
    • Q: 2.1.1. Does the company have a publicly available statement detailing its land acquisition criteria?

      A: No information could be found using the research protocols

      0 / 1.0

    • Q: 2.1.2. Does this statement apply to all of the company's scheme smallholders and independent FFB suppliers?

      A: No information could be found using the research protocols

      0 / 1.0

    • Q: 2.2.1. Has the company publicly disclosed its total landbank area for oil palm cultivation?

      A: Yes, landbank for oil palm cultivation is 197,935 ha

      1 / 1.0 | Source

    • Q: 2.2.2. Has the company publicly disclosed its total planted area?

      A: Yes, planted area is 180,322 ha

      1 / 1.0 | Source

    • Q: 2.2.3. Has the company publicly disclosed its total scheme smallholder area?

      A: No information could be found using the research protocols

      0 / 1.0

    • Q: 2.2.4. Has the company publicly disclosed its total area of land managed for conservation that is set aside (i.e. including areas of High Conservation Value)?

      A: Yes, land managed for conservation is 3,473 ha (1,128 ha in Peninsula Malaysia and 2,345 ha in Sabah)

      1 / 1.0 | Source

    • Q: 2.3.1. Are all of the company's concession maps publicly available for all countries in which it operates?

      A: Concession boundaries have been made available to the RSPO, but not all are publicly available due to ongoing legal issues.

      1 / 1.0 | Source

    • Q: 2.3.2. Are all of the company's scheme smallholders' concession maps publicly available for all countries in which it operates?

      A: No information could be found using the research protocols.

      0 / 1.0

  • Environmental management 10 / 14 71.4%
    • Q: 3.1.1. Does the company have a publicly available statement to address deforestation resulting from its operations?

      A: Yes, IOI ensures no deforestation of High Carbon Stock (HCS) or High Conservation Value (HCV) areas

      1 / 1.0 | Source

    • Q: 3.1.2. Does this statement apply to all its scheme smallholders and independent FFB suppliers?

      A: Yes

      1 / 1.0 | Source

    • Q: 3.2.1. Does the company have a publicly available commitment to undertake Free, Prior and Informed Consent (FPIC) prior to any new planting taking place?

      A: Yes

      1 / 1.0 | Source

    • Q: 3.2.2. Does the company make its Free, Prior and Informed Consent (FPIC) process publicly available?

      A: The following IOI subsidiary has a publicly available FPIC process:

      PT Bumi Sawit Sejahtera (BSS)

      1 / 1.0 | Source

    • Q: 3.3.1. Does the company have a publicly available commitment to conduct SEIA (Social and Environmental Impact Assessments) assessments prior to any new planting taking place?

      A: Yes

      1 / 1.0 | Source

    • Q: 3.3.2. Are all SEIA assessments conducted after November 2005 publicly available?

      A: There is public availability of some of IOI's SEIA assessments:

      No SEIA assessments could be found for: Sarawak, Sabah, Peninsular Malaysia

      Indonesia: PT Bumi Sawit Sejahtera (BSS), no further SEIA assessments could be found

      0 / 1.0 | Source

    • Q: 3.4.1. Does the company have a publicly available commitment to conduct High Conservation Value (HCV) assessments prior to any new planting taking place?

      A: Yes

      1 / 1.0 | Source

    • Q: 3.4.2. Has the company publicly committed to only using licensed High Conservation Value (HCV) assessors accredited by the HCV Resource Network's Assessor Licensing Scheme (ALS)?

      A: Yes, IOI Group states a commitment to "use a licensed assessor by HCV Resource Network for the preparation and submission of our New Planting Procedure (NPP) and pre-development planning".

      1 / 1.0 | Source

    • Q: 3.4.3. Are all of the company's High Conservation Value (HCV) assessments conducted after November 2005 publicly available?

      A: There is public availability of some of IOI's HCV assessments:


      No HCV assessments could be found for: Sarawak, Sabah, Peninsular Malaysia

      Indonesia: PT Bumi Sawit Sejahtera (BSS), no further HCV assessments could be found.

      0 / 1.0 | Source

    • Q: 3.4.4. Does the company make its High Conservation Value (HCV) management and monitoring plans for all of its estates publicly available?

      A: There is public availability of some of IOI's HCV management plans:

      No HCV management plans could be found for: Sarawak, Sabah, Peninsular Malaysia

      Indonesia: PT Bumi Sawit Sejahtera (BSS), no further HCV management plans could be found.

      0 / 1.0 | Source

    • Q: 3.5. Has the company publicly committed to applying a High Carbon Stock (HCS) methodology to all of its landholdings and not developing on HCS areas?

      A: Yes

      1 / 1.0 | Source

    • Q: 3.6. Does the company have a publicly available Water Management Plan or equivalent for its operations?

      A: No. IOI only states some information relating to its water management, including recent figures on its water consumption for FFB processing, and commitments to maintain riparian reserves and monitor and treat palm oil mill effluent (POME).

      0 / 1.0 | Source

    • Q: 3.7. Does the company have a publicly available Integrated Pest Management Plan for its operations?

      A: Yes. IOI practies IPM through using beneficial plants, biological pest controllers and minimising pesticide use.

      1 / 1.0 | Source

    • Q: 3.8. Does the company have a publicly available commitment to not use WHO Class 1A and 1B pesticides and paraquat, or time-bound plan for phasing out their use?

      A: Yes

      1 / 1.0 | Source

    • Q: 3.9. Has the company been mentioned in any relevant media stories and/or reports that make reference to wildlife conflict or deforestation within the company's plantation estates and/or its scheme smallholders' or independent FFB suppliers' plantations?

      A: Please find the relevant media stories listed in the media monitor below.

      No score

  • Fragile, marginal and peat soils 2 / 2 100%
    • Q: 4.1.1. Does the company have a publicly available statement stating that it is committed to a strict 'no new development on peat' policy?

      A: Yes. IOI has a commitment of no new development on peat lands, regardless of depth.

      1 / 1.0 | Source

    • Q: 4.1.2. Does this policy apply to all its scheme smallholders and independent FFB suppliers?

      A: Yes

      1 / 1.0 | Source

    • Q: 4.2. What percentage of the company's landbank for oil palm cultivation is located on peat?

      A: No information could be found using the research protocols

      No score

  • Zero burning 2 / 2 100%
    • Q: 5.1.1. Does the company have a publicly available statement stating that it is committed to a strict policy of zero burning?

      A: Yes. IOI have a zero-burning policy that strictly forbids any open burning for new planting or replanting of oil palm.

      1 / 1.0 | Source

    • Q: 5.1.2. Does this policy apply to all its scheme smallholders and independent FFB suppliers?

      A: Yes

      1 / 1.0 | Source

    • Q: 5.2. Has the company been mentioned in any relevant media stories and/or reports that make reference to fires found within the company's plantation estates and/or its scheme smallholders’ or independent FFB suppliers’ plantations?

      A: Please find the relevant media stories listed in the media monitor below.

      No score

  • Greenhouse gas emissions 2 / 6 33.3%
    • Q: 6.1.1. Does the company have a publicly available time-bound plan to reduce greenhouse gas (GHG) emissions?

      A: No information could be found using the research protocols. IOI has programmes to reduce GHG emissions, but no time-bound plan.

      0 / 1.0 | Source

    • Q: 6.1.2. Does this time-bound plan apply to all its scheme smallholders and independent FFB suppliers?

      A: No information could be found using the research protocols

      0 / 1.0

    • Q: 6.2. Does the company publicly report on progress made towards achieving its time-bound plan?

      A: No information could be found using the research protocols

      0 / 1.0

    • Q: 6.3. Does the company publicly report its GHG emissions from land use change associated with new planting?

      A: No information could be found using the research protocols

      0 / 1.0

    • Q: 6.4. Has the company made a public commitment to report and to reduce effects from Palm Oil Mill Effluent (POME)?

      A: Yes

      1 / 1.0 | Source

    • Q: 6.5. Has the company made a public commitment to eliminate methane emissions from all of its palm oil mills?

      A: Yes. IOI states it plans to reduce GHG at all IOI mills through biogas capture systems by 2020. It has two mills with biogas plants that capture methane, and plans two more by 2018.

      1 / 1.0 | Source

  • Traceability 5 / 12 41.7%
    • Q: 7.1. Are all of the company's mill locations publicly available for all countries in which it operates?

      A: No information could be found using the research protocols

      0 / 1.0

    • Q: 7.2. What percentage of the company's total palm oil mills is RSPO-certified?

      A: 80% of IOI's palm oil mills are RSPO-certified.

      Calculation: 12 (stated number of palm oil mills RSPO-certified) divided by 15 palm oil mills (stated number of palm oil mills operated) x 100

      However, the company's 2015 ACOP only states a total of 14 palm oil mills.

      4 / 4.0 | Source

    • Q: 7.3. What percentage of the company's total fresh fruit bunches (FFBs) purchased from independent suppliers (not including outgrowers and scheme smallholders) is RSPO-certified?

      A: No information could be found using the research protocols

      0 / 4.0

    • Q: 7.4. Does the company have a public commitment to move towards Segregated and/or Identity Preserved certified sustainable palm oil (CSPO)?

      A: No. IOI only states it will increase use of RSPO certified oils, both segregated and mass balance.

      0 / 1.0 | Source

    • Q: 7.5. Does the company prioritize certified sustainable palm oil (CSPO) from Segregated or Identity Preserved supply chain models over Mass Balance or GreenPalm?

      A: Book & Claim, Mass Balance and Segregated

      1 / 2.0 | Source

Trend Tracker: IOI Corporation Bhd

SPOTT's Trend Tracker displays score changes across seven indicator categories over time. Return to the full company assessment for more detail, and check the Updates page for a narrative of changes.

Click an icon to show only the corresponding category tracking line and the axis will adjust accordingly. Please note that trends are only available for companies with previous assessments.

Media Monitor: IOI Corporation Bhd

SPOTT's Media Monitor gathers reports and stories from global media sources, covering specific company activities related to the environmental management (deforestation and wildlife conflict) and zero burning (fires and haze) categories. ZSL does not assess the validity of these reports and stories, and cannot guarantee their substantiation.

Deforestation and wildlife conflict

Fires and haze

Map of Concessions: IOI Corporation Bhd

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Use the map search bar to find specific company concessions or locations. Click the concession sites marked by pins to zoom in for more information, then go to the company pages of featured concessions to view their assessments.