Stakeholder Collaboration And Transparency
Collaboration with stakeholders is one of ISF’s core value pillars. Dialogue with stakeholders, industry partners, and peers in multi-stakeholder initiatives, helps us develop the way we deal with sustainability issues and prepare for future risks and opportunities. We are committed to communicating transparently with our stakeholders on matters of sustainability and have re-vamped our website to communicate our sustainability footprint and journey, including a dedicated dashboard and GRI web-based report.
Stakeholder Engagement Table
|Stakeholder Group||Objectives||Method of engagement||Frequency|
Supplier screening and assessments
Strategic partnership and engagement meetings
|Customers and buyers||
||Joint ventures and meetings|
|External initiatives and memberships of associations||
||Formal audits and verification assessments
Engagement through platforms such as SEDEX and RSPO
|NGOs & CSOs||
||Collaborations on social programmes and CSI initiatives|
|Certification and sustainability assessment platforms||
Submission of the following documents
|Employees and workers||
OSH Committee meetings
Working With Communities
To ensure that our business does not negatively impact nearby communities, we ask our suppliers to seek ways to engage with and consult local communities, and to respect the rights of indigenous peoples affected by their operations. All suppliers doing business with us must respect the principles of Free, Prior, and Informed Consent (FPIC) to operate on lands on which indigenous peoples hold legal, communal, or customary rights, in line with the Universal Declaration of Human Rights. Any supplier found to be in breach of these commitments, as per our Policy, may face discontinuation of business subject to the terms of our Supplier Code of Conduct.
Smallholders play an integral role in the production of sustainable palm oil, and ISF understands that they can face tremendous challenges in meeting the high sustainability standards currently adopted by companies that have more resources. Should these challenges go unaddressed, smallholders will continue to be excluded from the sustainable palm oil production movement. We believe that appropriate mechanisms and strategies need to be put into place to support smallholder inclusion. We are exploring ways to have programmes aimed at facilitating smallholders' inclusivity in ISF’s supply chain and are working with industry partners to develop it.
Corporate Sustainability Initiatives (CSIs)
Our Corporate Social Initiatives (CSI)
Empowering Our Employees, Stakeholders, And Communities
ISF strives to be a socially responsible corporation and empowers our employees to leverage our resources in line with our sustainability values. Apart from the customary environmental and community activities that we have been practicing, we formally launched our new strategic Corporate Social Responsibility (CSI) programme in 2019. Through this programme, we aim to positively influence the local communities and the environments in which we operate, while sustaining best management practices and values within our corporation.
The CSI is part of our Sustainability Stories, which promises more undertakings to come.