IOI Group, a leading palm oil producer, has had its certificate for sustainable palm oil reinstated by the Roundtable for Sustainable Palm Oil (RSPO).
The Malaysia-based company lost its accreditation in March 2016 after having failed to meet the certificate’s environmental standards, including the failure to protect peat areas and forest.
This decision led a number of multinationals, such as Unilever and Mars, to remove IOI Groupfrom their lists of approved suppliers.
RSPO have now stated that the body is “satisfied” with improvements made by IOI Group to meet industry sustainability standards and will reinstate the certification subject to an independent ground inspection.
IOI Group’s suspension will be re-established if the inspection “finds significant failures in the implementation of IOI’s commitments to RSPO”.