date:Aug 14, 2018
ios may be exposed to. Companies that source palm oil from suppliers that illegally destroy forests, or exploit workers, face material financial risks, such as reputational damage, regulatory action and loss of market access.
As an example, palm oil giant IOI Group lost dozens of buyers when its certification from the Roundtable on Sustainable Palm Oil (RSPO) was suspended for compliance failures. As a consequence, the traders share price dropped 18 percent, and its reputation was tarnished, Na