{"text_format":"1","workbook":"xlsx","n_sheets":1,"sheets":["ACOP_2018_BI"],"not_rendered":{"charts":0,"images":0,"macros":0,"external_links":0,"defined_names":1,"comments":0,"pivot_tables":0},"unopened":[],"bounds":{"document_bytes":16777216,"sheet_cells":100000,"rows_first":2000,"rows_last":500,"rows_between":2000,"halvings":0,"cell_chars":16384,"cell_head_chars":4096},"cells_cut":0,"cells_raw":0,"read":"whole","date_system":"1900"}

{"sheet":"ACOP_2018_BI","index":0,"n_rows":16,"n_cols":48,"rows_kept":16,"cut":false,"hidden":false,"merged":[]}
["#","Submission Status","Name of your organisation","Membership number","Membership category","Membership sector"," Country","What is/are the primary activity(ies) or product(s) of your organisation? Please tick all the sectors that best describe the business activity(ies) your organisation is involved in, including the primary RSPO membership sector. \nYou will be required to answer the ACOP survey for all sectors that have been selected.","BI.1.1 Please state your main activity(ies) within the palm oil supply chain. Please select the option(s) that apply to you","BI.1.1 Other","BI.2.1 What are the various types of financial services to the palm oil sector provided by your organisation?","BI.2.1 Other","BI.2.2 What geographic region(s) do you operate in for the palm oil business?","BI.3.1 Does your organisation have a lending or investment policy on palm oil?","BI.3.2 Which sub-sectors does your palm oil policy cover?","BI.3.2 Others","BI.3.3 Does the policy on palm oil make specific reference to RSPO-certified sustainable palm oil and oil palm products and/or RSPO certification?","BI.3.4 Do you have a policy that requires all your palm oil customers to be RSPO members?","BI.3.5 Do you require your customers to have a public Time-Bound Plan* for 100% RSPO certification?","BI.3.6 When do you expect to require all your Grower customers to be RSPO certified?","BI.3.7 When do you expect to require all your customers in other sectors to be RSPO certified?","BI.3.8 In which regions do the above commitments cover?","BI.3.9 What measures do you take if a customer is not meeting the requirements of your policy on palm oil?","BI.3.10 Do you proactively engage with your customers to support and ask them to join the RSPO?","BI.3.11 What other activities have you undertaken in the reporting year to promote RSPO-certified sustainable palm oil and oil palm products?","BI.4.1 Outline actions that will be taken in the coming year to promote RSPO-certified sustainable palm oil and oil palm products.","BI.5.1 Information in the sections above are mandatory declarations in your ACOP. For confidentiality purposes, members may choose not to display data in Section 3 publicly; however, RSPO reserves the right to utilise the member's data on an aggregate basis for sectoral and total analysis. Please check this box if the member consents to have the data in Section 3 displayed publicly.","BI.6.1.A Water, land, energy and carbon footprints","BI.6.1.A.1 Water, land, energy and carbon footprints","BI.6.1.B Land use rights","BI.6.1.B.1 Land use rights","BI.6.1.C Ethical conduct and human rights","BI.6.1.C.1 Ethical conduct and human rights","BI.6.1.D Labour rights","BI.6.1.D.1 Labour rights","BI.6.1.E Stakeholder engagement - Name","BI.6.1.E.1 Stakeholder engagement","BI.6.1.F None of the above. Please explain why.","BI.6.2 What best practice guidelines or information has your organisation provided in the past year to facilitate production and consumption of RSPO-certified sustainable palm oil and oil palm products? What languages are these guidelines available in?","BI.7.1 Are you currently supporting any oil palm Independent Smallholder groups?","BI.7.2 If yes, how are you supporting them?","BI.7.2.1 Do you have any future plans to support oil palm Independent Smallholders?","BI.7.2.2 When do you plan to start your support for oil palm Independent Smallholders?","BI.8.1 What significant economic, social or environmental obstacles have you encountered in the production, procurement, use and/or promotion of CSPO and what efforts did you make to mitigate or resolve them?","BI.8.1 Other","BI.8.2 In addition to the actions already reported in this ACOP, how has your organisation supported the vision of RSPO to transform the market for sustainable palm oil in other ways? (e.g. Funding; Engagement with key stakeholders; Business to business education/outreach)","BI.8.2 Other","BI.8.3 Please attach or add links to any other information from your organisation on your palm oil policies and activities (e.g.: sustainability reports, policies, other public information)"]
[1,null,"Co¬îperatieve Rabobank U.A.","5-0001-04-000-00","Banks and Investors","Ordinary","Netherlands","Bank and/or Investor","Corporate / Commercial Banking,Trade Finance,Private Banking,Investment / Equity,Debt / Capital Market",null,"Trade Solutions,Lending/Loans,Leasing,Treasury Products,Cash Management Products,Investments",null,"Africa,Oceania,Europe,South America,Middle East,China,India,Indonesia,Malaysia,Rest of Asia","Yes","Growers,Traders,Processors,Consumer Goods Manufacturers,Retailers",null,"Yes","No","No",2020,2030,"Africa,Oceania,Europe,North America,South America,Middle East,China,India,Indonesia,Malaysia,Rest of Asia","We will ask for reasons why requirements have not been met, or not met in a timely fashion.  If an extension of a timeline is reasonable given the circumstances, we will grant such extensions.  If however, the reasons provided are not pointing towards sincere efforts to comply with our policy and/or it is unlikely an improvement in sustainable conduct will be achieved by the client, we will ultimately terminate the relationship","Yes","In the reporting year, we had :\n- included NDPE commitments in our policy, as well as revised our Land Governance Policy to include specific references to FPIC.\n- revised our Bio-diversity policy to include our 'deforestation' commitments.\n- included in our Human Rights policy a \"due diligence\" process - on how to assess the human rights risks.\n- See attached link on the Bank's commitment to sustainable palm oil \nhttps://www.rabobank.com/en/raboworld/articles/can-palm-oil-be-sustainable.html","In 2019, Rabobank will : \n- actively engage with our oil palm clients - to perform assessments on their progress towards their timebound plan targets (taking the clients ACOPs as a starting point). \n- provide leadership to the RSPO-Smallholder Interim Group\n- continue to work with the Dutch Banking Association - to follow up on the mapping of potential human rights impacts in the palm oil value chain\n","Yes - Display Publicly","sustainability-policy-framework.pdf",null,null,"Please refer to sustainability policy framework pdf above.We had revised our Land Governance Policy to include specific references to FPIC",null,"Please refer to sustainability policy framework pdf above.We had included in our Human Rights policy a \"due diligence\" process.",null,"Please refer to sustainability policy framework pdf above",null,"Please refer to sustainability policy framework pdf above","NA","As a financial institution, we are not a direct user or consumer of palm oil.  Please see our palm vision attached.\nhttps://www.rabobank.com/en/images/make-sustainable-palm-oil-the-norm-our-vision-on-a-commodity-chain.pdf ","Yes","By leading the discussions in the Smallholder Interim Group at RSPO.\n\nWe also have various initiatives to try to develop financial solutions to support the smallholders (directly or indirectly).",null,null,"Difficulties in the certification process,Competition with non-RSPO members,Insufficient demand for RSPO-certified palm oil,Reputation of palm oil in the market,Reputation of RSPO in the market",null,"Engagement with business partners or consumers on the use of CSPO,Promotion of CSPO outside of RSPO venues, eg. trade workshops, industry associations\n,Stakeholder engagement",null,"https://www.rabobank.com/en/raboworld/articles/can-palm-oil-be-sustainable.html\n\nhttps://www.rabobank.com/en/images/rabobanks-contribution-to-the-un-sustainable-development-goals-2018.pdf\n\nhttps://www.rabobank.com/en/images/sustainability-policy-framework.pdf\n\nWe would like to mention that Rabobank recognises our client's efforts and will take into consideration our client's engagement towards sustainability and ultimately full certification.\n\n"]
[2,"Late Submission","International Finance Corporation (IFC)","5-0002-05-000-00","Banks and Investors","Ordinary","United States","Bank and/or Investor","Corporate / Commercial Banking,Trade Finance,Investment / Equity",null,"Trade Solutions,Lending/Loans,Investments",null,"Africa,South America,China,India,Indonesia","Yes","Growers,Traders,Processors,Consumer Goods Manufacturers,Retailers",null,"Yes","Yes","Yes",2018,2020,"Worldwide","Generally potential clients whom are not RSPO members will be recommended to join RSPO. IFC then would expect the firm to\nfollow the RSPO Codes of Conduct.\n","Yes","IFC continues to work on its Indonesia smallholder palm project to build the technical capacity of independent smallholders, link them closer to\nmills and improve the sustainability of production. IFC continues to support the international trade of CSPO through the promotion of its sustainable Letter of Credit for RSPO certified palm oil.\n\nIFC remains an active participant in the RSPO FITF and is also working closely with Otoritas Jasa Keuangan (OJK), the Indonesia Financial Services Authority, to build capacity and provide direct technical support. IFC has provided in-depth technical assistance in developing the Sustainable Finance Roadmap and Umbrella Policy policy, convening focus group discussions and leading the drafting of the academic paper that undergirds the new policy. IFC has provided training in collaboration with OJK to ensure that financial institutions can implement the policy, conducting training of trainers to establish knowledge resources to sustain the growth of sustainable finance in the market. All of these activities support the development of a more environmentally and socially responsible financial sector in Indonesia, which is better able and informed to support sustainable palm oil development.\n\nIFC is also part of the Good Growth Partnership (GGP) that aims to reduce deforestation in tropical commodity supply chains. This is a GEF-funded program that includes palm oil in Indonesia, led by UNDP with IFC as a partner along with WWF, Conservation International and UNEP-FI. IFC held series of sharing sesions among GGP partners to actively promote collaboration and synergy among GGP parners.\n\nIn March 2018, IFC conducted a workshop to convene industry stakeholders and discuss the progress and challenges of developing traceability systems for independent oil palm smallholders in Indonesia. The workshop objectives are to share experiences and lessons learned, clarify definitions of traceability, elucidate the roles and responsibilities of industry stakeholders, and better understand the incentives and physical interventions needed to support traceability for smallholders.\n\n","Over the next two years IFC will bring to a close its smallholder palm projects in Sumatra, at completion the project will have directly trained 50,000 smallholders in best management practices and sustainability certified 2,000 independent smallholders across four project locations in Sumatra. \n\nIFC is also part of the Good Growth Partnership (GGP) that aims to reduce deforestation in tropical commodity supply chains. In Jan 2019, IFC will hold a workshop with other GGP partners to share knowledge and lessons learned so far among the GGP partners and with key stakeholders in the Government of Indonesia and major players in the sustainable palm oil supply chain. It is expected that the workshop will stimulate more collaboration and synergy among the GGP partners and encourage the participation of key stakeholders in the effort to promote sustainable commodity production and also maintains forests and important ecosystem services.\n\nOver the next two years IFC will bring to a close its smallholder palm projects in Sumatra, at completion the project will have directly trained 50,000 smallholders in Best management practices and sustainability certified 2,000 independent smallholders across four project locations in Sumatra. \n\nIFC is also part of the Good Growth Partnership (GGP) that aims to reduce deforestation in tropical commodity supply chains. In Jan 2019, IFC will hold a workshop with other GGP partners to share knowledge and lessons learned so far among the GGP partners and with key stakeholders in the Government of Indonesia and major players in the sustainable palm oil supply chain. It is expected that the workshop will stimulate more collaboration and synergy among the GGP partners and encourage the participation of key stakeholders in the effort to promote sustainable commodity production and also maintains forests and important ecosystem services.\n\n","Yes - Display Publicly",null,null,null,null,null,null,null,null,null,null,null,"The WBG and IFC continue to abide by the The World Bank Group Framework and IFC Strategy for Engagement in the Palm Oil Sector that was produced in 2011. This is available in English, French, Spanish and Bahasa Indonesia. The 2012 edition of IFC's Sustainability Framework and Performance standards applies to all investment and advisory clients whose projects go through IFC's initial credit review process after January 1, 2012. The Performance Standards are available in English, French, Spanish, Arabic, Chinese, Russian, Portuguese and Turkish; the Guidance Notes are available in English, French, Spanish, Arabic, Chinese, Russian and Portuguese. Additional training Resources on the Performance Standards are also available. The WBG has also developed Environmental, health and safety guidelines for vegetable oil production and processing in 2015. The WBG developed Environmental, health and safety guidelines for perennial crop production in 2016.","Yes","IFC have an ongoing advisory project working with a company to build the capacity of independent smallholders in Indonesia. The\nproject is running at one site in North Sumatra and three sites in Riau. At the end of 2018, more than 15,000 farmers were registered to the program (or about 34,500 Ha) and more than 12,000 farmers had received BMP training, across four sites in North Sumatra and Riau. The project has also hired and trained over 70 local field staff, who provide farmers with training and coordinate activities on the ground. Trainings include; Harvesting and FFB grading, fertilizer and manuring, integrated pest management, and crop maintenance. The project also developed additional modules on occupational health and safety, financial literacy and environmental and social standards. The project is developing a range of agricultural services for farmers and helping to improve extension services provided by off-takers and local agents. This includes a fertilizer distribution scheme.  \n\nAs well as technical capacity building, the project has begun the process of certification for over 400 smallholders, in 33 farmer groups in Labuhan Batu, North Sumatra province and for more than 300 smallholders in 23 farmer groups in Rokan Hulu, Riau province. As part of the certification effort and broader project implementation, IFC has signed an MOU with BNI to develop a scalable financing model to improve access to working and replanting capital for independent smallholders. \n",null,null,"Others","The inclusion of smallholders and independent mills remains a major hurdle for the RSPO. The costs of certification, limited capacity to implement RSPO standards, complexity and information barriers embedded in existing supply chains, and lack of market demand for sustainably produced palm oil, holds smaller producers back and makes it difficult for those who wish to adopt more sustainable practices, to compete. IFC is engaging with all stakeholders within the supply chain, as well as smallholders themselves, to develop a viable and sustainable business model for smallholders. \n\nTo achieve full market transformation, it is necessary to promote uptake of CSPO in emerging markets, particularly India, China and particularly in domestic markets such as Indonesia, but current uptake is limited. One key reason is the lack of a persuasive business case for increased purchasing of CSPO, as well as uncertain government support and a confusing policy environment. \n\nThe RSPO and its members have made significant progress in the years since its inception, and IFC supports further collaboration and knowledge sharing among stakeholders to address some of the most challenging environmental, social and economic obstacles to the production, procurement and uptake of CSPO. IFC is working to play a convening role in different forums, it remains an active participant in the RSPO FITF and is in discussions with the RSPO Smallholder working group regarding the sharing of its smallholder training materials.\n\n","Others","Participation in RSPO RT 16 in Kota Kinabalu, Malaysia. Promotion of sustainable palm oil through local and international business forums and\nevents. As part of its work with the GEF, IFC is looking at the development of an appropriate financial product to support the inclusion of\nsmallholders.\n"]
[3,null,"Standard Chartered Bank","5-0004-06-000-00","Banks and Investors","Ordinary","United Kingdom","Bank and/or Investor","Corporate / Commercial Banking,Trade Finance",null,"Trade Solutions,Lending/Loans",null,"Africa,South America,Middle East,India,Indonesia,Malaysia","Yes","Growers,Traders,Processors",null,"Yes","Yes","Yes",2024,2024,"Worldwide","We will only bank clients with plantations if they have RSPO membership and work towards 100% certification of management units. If they do not meet this requirement, we request they develop a plan to do so as soon as possible and report on its implementation on a regular basis to demonstrate ongoing active progress. If a client is not able or unwilling to meet our requirements, we will consider exiting the relationship. ","Yes","We take an active role in RSPO and are members of the FITF and the Complaints Panel. We take part in panel events at the RSPO RT and other palm oil related outreach events to promote RSPO to other FI's and customers. ","We will continue to participate in RSPO forums and promote RSPO in client meetings and outreach activities. ","Yes - Display Publicly","climate_change_position_statement_sustainability_standard_chartered 2019.pdf",null,null,"https://www.sc.com/en/sustainability/position-statements/agro-industries/","human-rights-position-statement-sustainability-standard-chartered 2019.pdf",null,"F-Policies-to-PNC-equal opps_diversity.pdf",null,null,"https://www.sc.com/en/sustainability/position-statements/",null,"https://www.sc.com/en/sustainability/position-statements/agro-industries/","No",null,"No",null,"Insufficient demand for RSPO-certified palm oil,Traceability issues,Others","Some potential clients in Africa/India and South America state that they are not willing to seek RSPO certification as the market does not require it and they cannot charge a premium to offset the costs of certification. ","Engagement with business partners or consumers on the use of CSPO,Stakeholder engagement",null,"https://www.sc.com/en/sustainability/position-statements/agro-industries/\nhttps://www.sc.com/en/sustainability/\nhttps://av.sc.com/corp-en/others/2018-sustainability-summary2.pdf"]
[4,null,"ANZ Banking Group Limited","5-0008-08-000-00","Banks and Investors","Ordinary","Australia","Bank and/or Investor","Corporate / Commercial Banking,Trade Finance,Private Banking,Debt / Capital Market,Other","Retail","Trade Solutions,Lending/Loans,Treasury Products,Cash Management Products",null,"Oceania,Indonesia,Malaysia,Rest of Asia","N/A","N/A","N/A","N/A","N/A","N/A","N/A","N/A","N/A","N/A","N/A","N/A","We have a range of social and environmental training programs to educate our employees on our policies and standards and how they are applied in practice. This year more than 700 employees completed our foundation course: online Social and Environmental Risk training, which covers our Sustainability Framework, Sensitive Sector requirements and our approach to human rights. \n\nhttps://www.anz.com.au/about-us/sustainability-framework/fair-responsible-banking/responsible-business-lending/","No - Redact Data",null,"Yes",null,"Yes",null,"Yes",null,"Yes",null,"Yes",null,"English \n\n","No",null,"No",null,"Others","NA","Others","NA"]
[5,null,"HSBC Holdings Plc","5-0009-04-000-00","Banks and Investors","Ordinary","United Kingdom","Bank and/or Investor","Corporate / Commercial Banking,Trade Finance,Private Banking,Investment / Equity,Debt / Capital Market",null,"Trade Solutions,Lending/Loans,Leasing,Treasury Products,Cash Management Products,Investments,Insurance",null,"Africa,Oceania,Europe,South America,Middle East,China,India,Indonesia,Malaysia,Rest of Asia","Yes","Growers,Traders,Processors",null,"Yes","Yes","Yes",2018,2018,"Worldwide","HSBC has a policy requirement for our existing clients to have all current existing (and certifiable) operations 100% certified.\nIf a customer is not meeting our policy, HSBC will engage with them to take actions to ensure they can achieve compliance within an agreed time period.\nFailure to meet the agreed timebound plans to achieve certification and compliance with our policy could lead to HSBC exiting from a specific client relationship when contractually possible.","Yes","HSBC engages in ongoing dialogue with our clients and promotes RSPO and Certified Sustainable Palm Oil (CSPO) at industry events and conferences, supporting the benefits of RSPO certification and sustainable palm oil development.\n\nHSBC is taking a leading role in the RSPO through technical working groups and representing the financial sector to improve standards, transparency and strengthen processes to accelerate the transition to CSPO becoming the norm.\n\nIn February 2017, HSBC strengthened our Agricultural Commodities policy to include protection of High Carbon Stock and peat areas, which is now aligned to the new RSPO P&Cs agreed as of Nov2018. \n\nHSBC continues to participate in several sustainability outreach events across South East Asia as a lead speaker to encourage the adoption of sustainability policies and considerations, including support of RSPO and CSPO in financing activities.  We are also directly involved with the India and China Sustainable Palm Oil Alliances, a cross party working group looking to advance RSPO certification and best practices.","Continue engagement through the China and India alliances.\nContinued engagement with clients and prospect clients in the sector to pursue certification and encourage CSPO uptake\nProgrammes with NGO partners to advance sustainable palm oil developments for smallholders and support of jurisdiction approach.","Yes - Display Publicly",null,"https://www.hsbc.com/-/files/hsbc/our-approach/measuring-our-impact/pdfs/190408-esg-update-april-2019-eng.pdf?download=1",null,null,null,"https://www.hsbc.com/-/files/hsbc/our-approach/risk-and-responsibility/pdfs/190327-hsbc-statement-on-conduct.pdf?download=1",null,"https://www.hsbc.com/-/files/hsbc/investors/hsbc-results/2018/annual/hsbc-holdings-plc/190412-msa-statement.pdf?download=1",null,null,null,"HSBC is working with NGO partners on a number of RSPO related programmes to encourage sustainable palm oil production","Yes","HSBC supports a smallholder community through a project with an NGO partner to advance sustainable palm oil production, with ultimate certification aims. \nHSBC is also engaging with client related to their support of smallholder and supply chain initiatives aimed at improving smallholder sustainability and livelihoods. ",null,null,"Awareness of RSPO in the market,Difficulties in the certification process,Certification of smallholders,Reputation of RSPO in the market",null,"Engagement with business partners or consumers on the use of CSPO,Promotion of CSPO outside of RSPO venues, eg. trade workshops, industry associations\n,Providing funding or support for CSPO development efforts,Stakeholder engagement",null,"https://www.hsbc.com/-/files/hsbc/our-approach/risk-and-responsibility/pdfs/170220-hsbc-agricultural-commodities-policy.pdf?download=1\n\nhttps://www.hsbc.com/our-approach/risk-and-responsibility/sustainability-risk/forestry-and-agricultural-commodities"]
[6,null,"Credit Suisse AG","5-0010-10-000-00","Banks and Investors","Ordinary","Switzerland","Bank and/or Investor","Corporate / Commercial Banking,Trade Finance,Private Banking,Investment / Equity,Debt / Capital Market",null,"Trade Solutions,Lending/Loans,Treasury Products,Investments",null,"Africa,Oceania,Europe,North America,South America,Middle East,China,India,Indonesia,Malaysia,Rest of Asia","Yes","Growers,Processors",null,"Yes","Yes","Yes",2022,2022,"Worldwide","Engagement and advisory support in the first instance","Yes","Examples of activities include:\n(1) Chairing the RSPO Financial Institutions Task Force (FITF)\n(2) Participation in Technical Advisory Group of the ZSL SPOTT project\n(3) Ongoing advisory to business clients to develop a sustainable palm oil strategy\n(4) We feature the RSPO on our corporate website under 'Agreements & Memberships': https://www.credit-suisse.com/hk/en/about-us/responsibility/banking/agreements-and-memberships.html","Actions will include the following:\n(1) Continued participation in the RSPO FITF\n(2) Alternate Banks and Investors' representative to the Shared Responsibility Task Force\n(3) Continued participation in Technical Advisory Group of the ZSL SPOTT project\n(4) Ongoing advisory to business clients to develop a sustainable palm oil strategy","Yes - Display Publicly",null,"https://www.credit-suisse.com/media/assets/corporate/docs/about-us/responsibility/banking/policy-summaries-en.pdf",null,"https://www.credit-suisse.com/media/assets/corporate/docs/about-us/responsibility/banking/policy-summaries-en.pdf",null,"https://www.credit-suisse.com/media/assets/corporate/docs/about-us/responsibility/banking/policy-summaries-en.pdf",null,"https://www.credit-suisse.com/media/assets/corporate/docs/about-us/responsibility/banking/policy-summaries-en.pdf",null,"https://www.credit-suisse.com/media/assets/corporate/docs/about-us/responsibility/banking/policy-summaries-en.pdf",null,"We continue to support ZSL's SPOTT project as a donor and member of their Technical Advisory Group https://www.spott.org/about/technical-advisors/","No",null,"No",null,"Competition with non-RSPO members,Insufficient demand for RSPO-certified palm oil,Reputation of RSPO in the market,Others","Occasional feedback from our bankers in client / prospect meetings that Asian regional banks are not applying ESG standards to deals in the sector, placing us at a disadvantage. There needs to be more work done across the RSPO membership to reward /recognize the efforts of committed members and to pressure other players to join and support a sustainable palm oil industry","Engagement with business partners or consumers on the use of CSPO,Engagement with government agencies,Promotion of CSPO outside of RSPO venues, eg. trade workshops, industry associations\n,Stakeholder engagement,Others","Earlier responses refer, including (1) client engagement on strategy development, (2) supporting ESG integration and capacity building among local banks, (3) global peer bank engagement through FITF, and (4) support to the NGO community through funding and/or industry insights.","https://www.credit-suisse.com/corporate/en/responsibility.html"]
[7,null,"Citi","5-0011-10-000-00","Banks and Investors","Ordinary","Indonesia","Bank and/or Investor","Corporate / Commercial Banking,Trade Finance,Private Banking,Debt / Capital Market",null,"Trade Solutions,Lending/Loans,Treasury Products,Cash Management Products",null,"Africa,Oceania,Europe,North America,South America,Middle East,China,India,Indonesia,Malaysia,Rest of Asia","Yes","Growers",null,"Yes","Yes","Yes",2022,"N/A","Worldwide","Citi requires all growers and mills of palm oil to be members of the RSPO with a commitment to become 100% certified. We only bank RSPO members or palm oil companies with a strong and realistic commitment to becoming RSPO members. If a client is not an RSPO member at the time of onboarding we engage the client to ensure they generate a timeline to become a member along with a time bound plan for 100% certification and we include this commitment in the loan documentation. If a client cannot make a serious commitment to become a member of the RSPO we decline the engagement. If a client decides to exit the RSPO or has its membership suspended or revoked due to non-compliance we exit the relationship unless the client creates a strong and reliable plan to reengage.\n\nWe understand that it is an iterative process to align with the stringent rules of the RSPO P&C and as such we review our client's progress toward meeting the RSPO Principles and Criteria through the distribution of our own annual questionnaire in addition to reviewing the client's RSPO ACOP. We do this to both encourage adoption of challenging aspects of the P&C as well as to learn about best practices being adopted. If non-alignment with the RSPO principles and criteria occurs for an existing client, we first engage with the client to understand the non-alignment and any attempts to realign with RSPO Principles and Criteria. We also encourage the client or the complainant to utilize the RSPO Complaints Panel to resolve the issue at hand. If accusations of non-compliance are valid we require a corrective action plan and status updates toward achievement. If non-alignment continues and no corrective action plan is forthcoming, Citi will exit the relationship with the client.\n","Yes","Citi consistently promotes the uptake of RSPO membership with our peer banks and clients. This year we featured our work with the RSPO in a full page of our 2018 Global Citizenship Report: https://www.citigroup.com/citi/about/citizenship/download/Global-Citizenship-Report-2018.pdf?ieNocache=184#page=60\n\nWe also work with prospective clients to help them better understand the RSPO and the business case for membership and certification as well as the technical challenges of certification.\n\nCiti is also an active member of the RSPO complaints panel and Financial Institutions Task Force. ","In the coming year Citi will promote the aspects of the RSPO Principles and Criteria to ensure uptake of new labor and zero deforestation principles (among others aspects) through our annual questionnaire and client engagement. \n\nWe will also continue to engage with local and global financial institutions to explain the benefits and business case of RSPO membership. We look forward to seeing more financial institutions become RSPO members in 2019. ","Yes - Display Publicly",null,null,null,null,null,null,null,null,null,null,"We do not have a sustainable palm oil policy related to Citi internal procurement of goods outside of our lending policy.","Citi's Environmental and Social Risk Management team produces an internal training that includes information on RSPO principles and criteria and our policy of RSPO membership and certification. This training is available in English and to a lesser degree, Spanish. ","No",null,"No",null,"Awareness of RSPO in the market,Difficulties in the certification process,Competition with non-RSPO members,Human rights issues,Traceability issues",null,"Engagement with business partners or consumers on the use of CSPO,Engagement with government agencies,Promotion of CSPO outside of RSPO venues, eg. trade workshops, industry associations\n,Stakeholder engagement",null,"Citi Global Citizenship Report 2018: https://www.citigroup.com/citi/about/citizenship/download/Global-Citizenship-Report-2018.pdf?ieNocache=184#page=60\n\nCiti Environmental and Social Risk Management Framework: https://www.citigroup.com/citi/sustainability/data/Environmental-and-Social-Policy-Framework.pdf"]
[8,null,"BNP Paribas","5-0013-11-000-00","Banks and Investors","Ordinary","France","Bank and/or Investor","Corporate / Commercial Banking,Trade Finance,Private Banking,Investment / Equity,Debt / Capital Market,Other:","Capital Market Advisory Service, Retail banking","Trade Solutions,Lending/Loans,Treasury Products,Cash Management Products,Investments",null,"Africa,South America,India,Indonesia,Malaysia","N/A","N/A","N/A","N/A","N/A","N/A","N/A","N/A","N/A","N/A","N/A","N/A","As mentioned above, our CSR policy regarding our financing and investing activities in the palm oil sector has been reinforced take into account recent developments and commitments taken by major players. On that basis, we continue to strengthen the dialogue with our clients regarding their CSR performance, including the promotion of CSPO as explained above. This update will contribute to our commitment made within the Soft Commodities Compact to finance the growth in the markets for palm oil, wood products, soya and beef, without causing net deforestation up to 2020. Above their own due diligence processes, the signatory banks ensure that their customers also implement suitable internationally-recognized monitoring means, such as RSPO in the palm oil sector.","No - Redact Data","RSE0010EN-CSR Sector Policy-Palm Oil.pdf","On top of RSPO requirements, BNP Paribas specifies that it requires that Upstream Palm Oil Companies to (1) have a policy in place to conduct High Conservation Value (HCV) assessments before developing new oil palm plantations and to protect the HCV areas identified within their concessions, (2) do not develop new oil palm plantations on Key Biodiversity Area, (3) have policies in place in order to minimize GHG emissions (No-burning for the development of oil palm plantations; No development of new oil palm plantations on peatlands, regardless of depth; Implement best management practices for existing oil palm plantations located on peatlands; Minimize the use of artificial fertilizers; Reduce GHG emissions from palm oil mills).","RSE0010EN-CSR Sector Policy-Palm Oil.pdf","On top of RSPO requirements, BNP Paribas specifies that it requires that Upstream Palm Oil Companies to have a policy in place to obtain the free, prior and informed consent (FPIC) of indigenous and local communities, prior to developing new oil palm plantations; have a formal grievance mechanism in place to identify and address concerns from their internal and external stakeholders.","RSE0010EN-CSR Sector Policy-Palm Oil.pdf","On top of RSPO requirements, BNP Paribas specifies that it requires Palm Oil Companies to have policies in place to respect major topics of the international human rights treaties.","RSE0010EN-CSR Sector Policy-Palm Oil.pdf","On top of RSPO requirements, BNP Paribas specifies that it requires Palm Oil Companies to have policies in place to respect major topics of the international human rights treaties.","RSE0010EN-CSR Sector Policy-Palm Oil.pdf","As part of its disclosure, BNP Paribas‚Äô stakeholders are informed of the existence and the content of this policy, which is posted on BNP Paribas‚Äô website. Furthermore a copy is provided to our clients and potential clients as part of the due diligence process or upon discussion of any financial product or service to be provided subsequently to the official release date of this policy.",null,"In addition to the policy, technical guidelines are released internally to ensure its understanding and application across our different business lines. As for the policy, these guidelines promote the production of RSPO certified sustainable palm oil. This document is available both in English and in French. It is an internal document that is not made public outside the Group.","No",null,"No",null,"Others","1) Economic obstacle: RSPO seems to be in an in-between situation: on one hand, many very important markets do not pay particular importance to environmental labels such as RSPO and growers find strong difficulties in passing-through certification costs when addressing these markets. On the other hand, many Consumer Goods Manufacturers in the European and American markets ask now their providers to comply with environmental standards which go beyond RSPO requirements, such as HCS protection and no deforestation commitment, generally embedded in a No Deforestation, No Peat, No Exploitation policy. \nAddressing these two issues appears to be crucial for RSPO and a necessary preamble to any effort from the financial sector to promote CSPO among its clients.\n2) Another important difficulty is, while assessing the ESG performance, to know precisely what the real practices of the company on the ground are. Many different statements and points of view may arise during investigation or audit and we need to clearly state out what's really happening. To mitigate this difficulty we ask, we primarily rely on experts that go on the ground, such as Earthwarn, but also on other stakeholders, such as NGOs.","Promotion of CSPO outside of RSPO venues, eg. trade workshops, industry associations\n,Others","BNP Paribas is member of RSPO since 2011 and has been since then fully supporting the vision of RSPO to transform markets by being a responsible financial player in the palm oil sector, based on a public policy including binding ESG criteria and with the help of external auditors to assess the ESG performance of the actors we chose to support. BNP Paribas is also member of the Financial Institution Task Force (FITF): placed under the umbrella of RSPO, this group gathers several banks involved in the palm oil sector and members of RSPO. It has released an outreach document detailing what are the opportunities for a financial player to become RSPO member and where can be found useful information regarding best practices in financing the palm oil sector.","https://eurt.rspo.org/elisabeth-hipeau-bnp-paribas/\nhttps://group.bnpparibas/decouvrez-le-groupe/responsabilite-sociale-environnementale/politiques-financement-investissement\nhttps://innovation-forum.co.uk/analysis.php?s=how-bnp-paribas-promotes-sustainable-palm-oil\n"]
[9,null,"UBS AG","5-0014-11-000-00","Banks and Investors","Ordinary","Switzerland","Bank and/or Investor","Corporate / Commercial Banking,Trade Finance,Private Banking,Investment / Equity,Debt / Capital Market",null,"Trade Solutions,Lending/Loans,Investments",null,"Africa,Oceania,Europe,North America,South America,Middle East,China,India,Indonesia,Malaysia,Rest of Asia","Yes","Growers,Traders,Processors",null,"Yes","Yes","Yes",2020,2030,"Worldwide","We will only work with clients who are RSPO members. In case a new client is not meeting our requirements, we engage with them to understand their willingness, capacity and resources to become RSPO members (if not already) with a credible plan for full certification. If the client is committed to obtaining full RSPO certification, we would then incorporate relevant contract clauses and corrective action plan in loan documentation and contractual agreements. If the client does not show willingness or is unable to comply with our requirements we will not\nenter the relationship.","Yes","'- Member of RSPO's Financial Institutions Task Force to increase engagement with financial institutions (non-members) & attract more members from the Financial Institutions community\n- Member of the RSPO's Complaints Panel\n- Continuous work with and on the Banking Environment Initiative's and the Consumer Goods Forum's 'Soft Commodities' Compact. The Compact clearly references the RSPO as the relevant certification scheme in the palm oil industry to support the goal of 'zero net deforestation' by 2020\n- UBS applies a requirement for palm oil companies to be committed to 'No Deforestation, No Peat and No Exploitation' (NDPE), which is increasingly being adopted in the palm oil sector","'-Encourage regional banks in palm oil producing countries to join RSPO;\n-Further strengthen our engagement with RSPO and peers; and\n-Foster exchange with other Financial Institutions and corporations on palm oil topic","Yes - Display Publicly","UBS ESR FRAMEWORK.pdf",null,"UBS ESR FRAMEWORK.pdf",null,"UBS ESR FRAMEWORK.pdf",null,"UBS ESR FRAMEWORK.pdf",null,"UBS ESR FRAMEWORK.pdf",null,null,"Not applicable","No",null,"No",null,"Others","'-UBS may be losing business to banks that do not have similarly stringent RSPO requirements\n-Availability of reliable data on companies' overall sustainability performance/ compliance with RSPO efforts.","Others","As outlined above UBS will continue to apply an environmental & social risk framework to all transactions, products, services and activities in order to identify and assess potential environmental and social issues and to manage any identified risks. As part of this process, UBS will engage with clients and suppliers in order to understand their processes and policies and to explore how environmental and social risks may be mitigated. UBS is involved in initiatives to promote sustainable palm oil including:\n- Working on the implementation of the BEI/CGF 'Soft Commodities Compact', together with other banks;\n- Representing the finance sector at a panel discussion & breakout learning session on sustainable palm oil for the WWF Conservation Director's Forum;\n- Supporting WWF-International and the Indonesian OJK with their ESG Integration series of workshops delivered to Indonesian banks, in which oil palm sector issues were a key theme;\n- Being a member of the RSPO complaints panel; and\n- Regular engagement with global peer banks through the RSPO Financial Institution Task Force\ngroup.","Climate Strategy:\nhttps://www.ubs.com/global/en/ubs-society/our-documents/_jcr_content/mainpar/toplevelgrid/col1/tabteaser/innergrid_1637709579/xcol2/teaser/linklist/link.0211888923.file/bGluay9wYXRoPS9jb250ZW50L2RhbS91YnMvZ2xvYmFsL3Vicy1zb2NpZXR5L3Vicy1jbGltYXRlLXN0cmF0ZWd5LW1hcmNoLTIwMTktZW4ucGRm/ubs-climate-strategy-march-2019-en.pdf"]
[10,null,"ABN AMRO Bank N.V.","5-0016-14-000-00","Banks and Investors","Ordinary","Netherlands","Bank and/or Investor","Corporate / Commercial Banking,Trade Finance,Private Banking,Investment / Equity,Debt / Capital Market",null,"Trade Solutions,Lending/Loans,Cash Management Products",null,"Africa,Oceania,North America,South America,Middle East,China,India,Indonesia,Malaysia","Yes","Growers,Traders,Processors,Others","In addition to our palm oil policy, RSPO requirements are included in our Manufacturing Policy  ","Yes","Yes","Yes",2020,2020,"Worldwide","Our clients have to comply with our Exclusion List and our sustainability risk policies (oa policy for agri commodities/palm oil requirements and manufacturing for downstream clients). ABN AMRO undertakes a (annual) review of the client and engages with the company to address the issues until they are rectified. This engagement will be time bound (max. 3 years), include an engagement and action plan and include regular monitoring  and reporting system on progress (see our Engagement Guideline in the Sustainability Risk Policy for Lending and Project Finance). ","Yes","'- Via the RSPO FITF and together with WWF we provided trainings to APAC banks, promoting RSPO membership and certification\n-We represented the FITF in the P&C Review Task Force and are representing the FITF in the Shared Responsibility Task Force\n- We participate in panel discussions and meetings on sustainability to discuss sustainable palm oil practices\n- We had discussions with various clients on Impact Banking; a product that focuses on promoting the livelihood of small holders and improving farming practices\n- We are using social media (oa Linked in) to promote RSPO certified sustainable palm oil and oil palm products","'- We will continue our engagement with clients to closely monitor compliance with our sustainability risk policies incl. our agri commodities policy and the implementation of their plans re RSPO Certification\n- We will continue our collaboration with WWF in providing training to other banks re underlining and implementing the RSPO criteria. We will continue our dialogue with non RSPO banks on sustainable practices in the palm oil sector\n- We will look for long term value creation opportunities via impact banking/sustainable loans/green bonds/sustainability linked loans.\n- We will continue to be an active member within the FITF, and contribute via the Shared Responsibility Task Force and human rights working group.","Yes - Display Publicly","Beleid_-_Climate_Change_Statement_EN.pdf",null,"Beleid_-_Human_Rights_Statement_EN.pdf","Land use rights are covered in our Human Rights Statement and our agri commodities policy","Beleid_-_Human_Rights_Statement_EN.pdf","Included in our Human Rights Statement and agri commodities policy","ABN_AMRO_Summary_agri-commodities_policy.pdf","Included in our Human Rights Statement and agri commodities policy","Beleid_-_Human_Rights_Statement_EN.pdf",null,null,"'- we promote best practices via our sustainability requirements for palm oil clients. These requirements are published on our website.\n- we promote RSPO certified sustainable palm oil and oil palm products (internally and externally) via awareness sessions, conferences etc (outreach to stakeholders)\n- we promote RSPO certified sustainable palm oil via social media and in our sustainability report and our human rights report (2018) \n\nOur information and guidelines are available in Dutch and English","No",null,"No",null,"Awareness of RSPO in the market,Competition with non-RSPO members,Human rights issues,Insufficient demand for RSPO-certified palm oil,Reputation of palm oil in the market,Reputation of RSPO in the market",null,"Engagement with business partners or consumers on the use of CSPO,Engagement with government agencies,Providing funding or support for CSPO development efforts,Stakeholder engagement",null,"https://www.abnamro.com/en/newsroom/Videos/2019/telling-it-like-it-is-why-we-choose-to-finance-palm-oil-companies.html\nhttps://www.abnamro.com/en/about-abnamro/in-society/sustainability/sustainable-better-world/palm-oil/index.html\nhttps://www.abnamro.com/en/newsroom/newsarticles/2018/abn-amro-and-palm-oil.html\nhttps://www.abnamro.com/en/newsroom/newsarticles/2018/abn-amro-approach-and-policy-for-companies-in-the-palm-oil-sector.html\nhttps://www.abnamro.com/en/images/Documents/040_Sustainable_banking/080_Reporting/2018/ABN_AMRO_Human_Rights_Report_2018.pdf\nhttps://www.abnamro.com/en/images/Documents/040_Sustainable_banking/080_Reporting/Newsletters/ABN_AMRO_Sustainable_Banking_Newsletter_14_-_January_2019.pdf\nhttps://www.youtube.com/watch?v=qkRFN_tx-lU\n\n"]
[11,null,"Commerzbank AG","5-0017-14-000-00","Banks and Investors","Ordinary","Germany","Bank and/or Investor","Corporate / Commercial Banking,Trade Finance,Debt / Capital Market",null,"Trade Solutions,Lending/Loans",null,"Indonesia,Malaysia,Rest of Asia","Yes","Growers,Traders,Processors",null,"Yes","Yes","Yes",2020,2020,"Worldwide","Palm oil suppliers which are accompanied by Commerzbank have to meet the following criteria: \n1. The supplier has to be a member of the RSPO. \n2. Additional information on how the palm oil supplier is already implementing sustainability criteria in its supply chain and what goals the company in this respect wants to achieve (e.g. certification) is also required. \n3. The Reputational Risk Management conducts an individual ESG-assessment.\n\nThis means: If one of these three criteria is violated Commerzbank cannot finance the transaction or engage in the business relationship.","Yes","Commerzbank collaborated on various activities (e.g. panel discussions) and articles concerning sustainable trade and procurement.","We continue to apply our criteria and the RSPO certification schemes as the minimum acceptable standards for our clients. \n\nWe participate in the Financial Institutions Task Force, placed under the umbrella of RSPO. By doing so we intend to contribute to a sustainable development of the palm oil sector as well as to have a positive impact on the support of sustainable production. \n\nAs a member of the RSPO we commit, among others, to more transparency, long-term orientated economic activities and responsible dealing with the environment, natural resources as well as affected individuals and communities in the palm oil market.","Yes - Display Publicly","Commerzbank_ES_Framework_EN_Final.pdf",null,"Commerzbank_ES_Framework_EN_Final.pdf",null,"Commerzbank_ES_Framework_EN_Final.pdf",null,"Commerzbank_ES_Framework_EN_Final.pdf",null,"Commerzbank_ES_Framework_EN_Final.pdf",null,null,"Commerzbank collaborated on various activities concerning sustainable trade and procurement (in German and English).\n\ne.g. https://www.commerzbank.de/en/nachhaltigkeit/markt___kunden/mittelstand/nachhaltiger_handel/nachhaltiger_handel.html\n","No",null,"No",null,"Awareness of RSPO in the market,Difficulties in the certification process,Insufficient demand for RSPO-certified palm oil,Traceability issues",null,"Engagement with business partners or consumers on the use of CSPO,Stakeholder engagement",null,"https://www.commerzbank.de/en/nachhaltigkeit/nachhaltigkeitsstandards/positionen_und_richtlinien/positionen_und_richtlinien.html\n"]
[12,null,"Koperasi Kredit Keling Kumang","5-0018-14-000-00","Banks and Investors","Ordinary","Indonesia","Bank and/or Investor","Other","Savings and Loan","Lending/Loans,Other","Savings and Lending/Loans","Indonesia","Yes","Growers,Others","Smallholders","No","No","No",2020,"N/A","Indonesia",null,"Yes","We promote RSPO P&C and Best Management Practices through Farmers Field School (FFS) Training","We will continue deliver FFS and helping farmers for RSPO certification through farmers association developed by FFS alumni in 2017","Yes - Display Publicly",null,null,null,null,null,null,null,null,null,null,null,null,"Yes","Delivering Farmers Field School (FFS) training. Providing access to savings and loans/lending. Helping them on mapping the land, and through farmers association and together with Solidaridad Indonesia we preparing some smallholders for RSPO certification.",null,null,"Difficulties in the certification process,Certification of smallholders,Others","Through our project with Solidaridad Indonesia, we invited RSPO Indonesia team to give training on RSPO P&C, FFS training, doing socialization of RSPO standard to farmers groups, founded an association called APKS KK and ICS preparing for RSPO certification process.","Stakeholder engagement",null,"http://kelingkumanggroup.co.id/\n\nhttp://cukelingkumang.com/news/sekolah-lapangan-mewujudkan-petani-mandiri-di-kebun-sendiri\n\nhttp://cukelingkumang.com/tanera\n\n"]
[13,null,"ING Bank N.V.","5-0019-15-000-00","Banks and Investors","Ordinary","Netherlands","Bank and/or Investor","Corporate / Commercial Banking,Trade Finance",null,"Trade Solutions,Lending/Loans,Treasury Products,Cash Management Products",null,"Africa,Europe,China,Indonesia,Malaysia","Yes","Growers,Traders,Processors",null,"Yes","Yes","Yes",2023,2030,"Africa,Europe,Indonesia,Malaysia,Rest of Asia","ING applies an Environmental Social Risk (ESR) policy framework to its business engagements. One policy in the ESR framework is the Sector Policy for Forestry and Agrocommodities, which applies to all products and services offered by ING to entities operating in the forestry and agrocommodities sector, including palm oil.\n1) Business engagements in the palm oil sector will require companies that own, operate or manage palm oil plantations demonstrating to the satisfaction of ING compliance with RSPO certification progress companies. This means that companies that own, operate or manage palm oil\nplantations will have to describe how they operate in line with the P&C of the RSPO.\nIf a company owns, operates or manages palm oil plantations which do not comply with the RSPO certification, then ING engages the company on the reasons for such non-compliance. Afterwards, we require the company to have a time-bound plan to achieve RSPO certification for all the plantations under its operational control. We will then assess the client's commitment and progress\ntowards full RSPO certification. Non complinace may pose an event of default.\nIn case our financing is in scope of the Equator Principles and directly supporting the development of palm oil plantations, ING requires compliance with the P&C of the RSPO certification and with the IFC environmental, health, and safety guidelines for vegetable oil production and processing.\n\n2) ING promotes the use of best practices with its clients. ING also promotes the RSPO certification with companies that buy or trade palm oil products, but do not own, operate or manage palm oil plantations. For such companies ING promotes RSPO membership and a longer time to achieve full RSPO certification/trade RSPO certified palm.\n","Yes","1) Engagement\nING has resources in risk and front office departments that are trained to engage clients in the palm oil sector and discuss relevant topics, when necessary. We discuss how we can support clients in realizing their RSPO certification' objectives and solve potential environmental or social issues affecting their operations.\n2) Conferences\nING participated in the RSPO in 2018 and will do so in 2019.\n3) Collaboration with the Dutch Government ING is also liasing with the Dutch Government to find solutions to reach the objective of 100% CSPO sourced by the EU within 2020.\n4) Financial Institution Task Force\nING is a member of the Financial Institutions Task Force working group of the RSPO where Financial Institutions share sector knowledge and feedback on board dicussions. The Task Force also does outreach to local regional operating banks and hosts consultants that share advancements related to tools to manage and assess Environmental and Social risks in the palm oil supply chain.","ING will continue to support the objectives of the RSPO by promoting RSPO membership and certification amongst the palm oil actors in the supply chain and the Financial Institution sectors. ING has a restrictive policy on onboarding new Palm Oil clients currently.","Yes - Display Publicly","09072018 ING  ESR Framework .pdf","https://www.ing.com/ING-in-Society/Sustainability/Our-Stance/Palm-oil.htm","09072018 ING  ESR Framework .pdf","https://www.ing.com/ING-in-Society/Sustainability/Our-Stance/Palm-oil.htm","09072018 ING  ESR Framework .pdf","https://www.ing.com/ING-in-Society/Sustainability/Our-Stance/Palm-oil.htm","09072018 ING  ESR Framework .pdf","https://www.ing.com/ING-in-Society/Sustainability/Our-Stance/Palm-oil.htm","09072018 ING  ESR Framework .pdf","https://www.ing.com/ING-in-Society/Sustainability/Our-Stance/Palm-oil.htm",null,"Financial institutions are not directly involved in the production, processing or trading of palm oil products. ING ESR policies are directed to manage the Environmental Social risks linked to financial services we provide to our clients in the palm oil supply chain. We are committed to engage clients in the palm oil supply chain whenever there are improvements to be made from an\nEnvironmental and Social perspective. These guidelines are in English.","No",null,"No",null,"Awareness of RSPO in the market,Difficulties in the certification process,Certification of smallholders,Competition with non-RSPO members,High costs in achieving or adhering to certification,Human rights issues,Insufficient demand for RSPO-certified palm oil,Low usage of palm oil,Reputation of palm oil in the market,Reputation of RSPO in the market,Supply issues,Traceability issues,Others","To manage the perception of a number of ING's stakeholders that observe little global progress in terms of RSPO certification of plantations/operations whilst we continue to support our own clients which do commit to a time bound plan to reach full. ING actively monitors the progress of all its clients in the portfolio.","Engagement with business partners or consumers on the use of CSPO,Engagement with government agencies,Stakeholder engagement,Others","Provide sustainable linked loans to companies that may obtain more favorable banking terms when they meet meet or exceed certain environmental and social perfromance standards."]
[14,null,"African Agriculture Fund LLC","5-0020-15-000-00","Banks and Investors","Ordinary","Mauritius","Bank and/or Investor","Investment / Equity",null,"Investments",null,"Africa","Yes","Growers,Processors,Retailers",null,"No","No","No",2019,2019,"Africa"," Portfolio companies are legally bound and committed to implementing the required sustainability principles.  Where non-compliance is identified, corrective actions are implemented with associated timelines, and if necessary relevant sanctions will be implemented.","Yes","Monitoring and driving RSPO certification of smallholder farmers associated with direct palm oil investments.  ","Continuation of broadly promoting the value of RSPO as a sustainability driven organisation/management system.","Yes - Display Publicly","AAF_ESG_Policy.pdf","As an investor, we are not directly involved in any elements beyond growers, however we endorse and encourage all palm oil growers we are involved with to adopt the RSPO Ps and Cs regardless of whether persuing certification or not.",null,null,null,null,null,null,null,null,null,"Direct reference is made to RSPO as an organisation as well as a link to the Ps and Cs.  All our palm oil investments are strongly encouraged to adopt the RSPO Ps and Cs regardless of whether certification is pursued or not.","Yes","Indirectly through one of our palm oil investments that is dependent on smallholder farmers for FFB input.  The business is training and financially supporting around 6,500 smallholder farmers that will be grouped and certified during the second half of 2019.  The same groups have already been certified Organic.",null,null,"Difficulties in the certification process,Certification of smallholders,High costs in achieving or adhering to certification,Reputation of palm oil in the market",null,"Engagement with business partners or consumers on the use of CSPO,Promotion of physical CSPO"]
[15,null,"Robeco Institutional Asset Management B.V","5-0021-19-000-00","Banks and Investors","Ordinary","Netherlands","Bank and/or Investor","Investment / Equity,Debt / Capital Market",null,"Investments",null,"Africa,Oceania,Europe,North America,South America,Middle East,China,India,Indonesia,Malaysia,Rest of Asia","Yes","Growers",null,"Yes","Yes","Yes","N/A","N/A","Worldwide","Robeco's policy on sustainable palm oil defines the investment criteria for palm oil companies. Per 1 March 2019, Robeco excludes from its investment universe palm oil companies that are not RSPO members or have less than 20% of hectares of plantations certified against the RSPO standard. Companies may be re-included once they meet the 20% minimum threshold. This threshold is increased whereby per 31 December 2021 palm oil companies will be required to have 50% of hectares of plantations RSPO-certified.","Yes","In March 2019 Robeco adopted a new Palm Oil Policy. Robeco‚Äôs new approach consists of three pillars: (1) investing only in sustainable producers of palm oil; (2) engaging with palm-oil producers in our investment universe to further enhance their sustainable practices; and (3) becoming member of RSPO.  \n\n(1) Exclusion of laggards: Robeco has identified palm oil-producing companies in its investment universe for whom less than 20% of land is RSPO certified. Robeco has engaged with the affected companies in previous programs, but this dialogue has not led to the required improvements. Therefore, the shortlisted companies are excluded from Robeco‚Äôs investable universe from 1 March 2019. The excluded producers are eligible for re-inclusion and enhanced engagement upon attainment of the 20% RSPO certification threshold. However, by 31 December 2021 this threshold is increased and only companies with at least 50% of plantations with RSPO certification will be eligible in our investment universe. \n\n(2) Enhanced engagement: Robeco focuses the enhanced engagement program on those companies in the investable universe that can benefit most from it, namely palm oil producers that have 20%-80% of land RSPO certified. The main goal of the three-year enhanced engagement program is to support companies in improving material sustainability issues. Upon completion of the enhanced engagement program in December 2021, Robeco expects selected palm oil producers to reach at least 50% of land with RSPO certification. Producers that have not reached this threshold at the end of the engagement program will be excluded. We believe that these companies which currently have a lower percentage RSPO certification are able to meet the 50% threshold within three years, bringing them to a substantially better sustainability performance from today‚Äôs low base. \n\nFor this addition to our enhanced engagement program, Robeco conducts a sector screen that benchmarks companies according to their share of RSPO-certified land for palm oil cultivation. The screen aggregates information from RSPO and ZSL-SPOTT and is primarily based on two key sources ‚Äì the Annual Communication on Progress (ACOP), which all RSPO members are required to submit, and the latest available results of the ZSL-SPOTT benchmark. The sector screen is complemented with a company-specific assessment of relevant policies, key ESG risks and controversies. \n\n(3) RSPO membership: Robeco joined the RSPO in January 2019 to support the growth of RSPO certification. Furthermore, Robeco became a member of the RSPO Financial Institutions Task Force (FITF). The FITF enables conversations with peers to exchange best-practice examples and align efforts. \n\n","We will be engaging with those companies that currently meet our investment criteria to encourage them to increase the percentage of RSPO-certified plantations to at least 50% by end-2021, and ultimately achieve 100% certification. ","Yes - Display Publicly",null,null,null,null,null,null,null,null,null,null,null,null,"Yes","In our engagement, we ask palm oil-producing companies to support independent smallholders.",null,null,"Difficulties in the certification process,Certification of smallholders,Competition with non-RSPO members,Human rights issues,Insufficient demand for RSPO-certified palm oil",null,"Stakeholder engagement",null,"https://www.robeco.com/docm/docu-palm-oil-policyl.pdf\n\nhttps://www.robeco.com/docm/docu-exclusion-policy-and-list.pdf\n\nhttps://www.robeco.com/en/insights/2019/03/our-approach-to-sustainable-investing-in-palm-oil.html\n\nhttps://www.robeco.com/media/0/e/2/0e269c20369df64dbb80eb053f3abf75_dutch-financial-institutions-support-the-transition-to-a-sustainable-palm-oil-industry_tcm17-17617.pdf"]