About Palm Oil Policy

Committed To Sustainable Productions And Responsible Sourcing

ISF is committed to the sustainable production and responsible sourcing of palm oil in our supply chain by applying the three pillars of sustainability – environmental protection, social development, and economic development to our operations. Our Sustainable Palm Oil Policy was launched in December 2017 corresponding to our No Deforestation, No Peat, and No Exploitation (NDPE) Policy commitments, and incorporates major sustainable elements with a focus on traceability, certification, stakeholder collaborations, and ethical conduct.

Our policy is updated according to the latest developments surrounding the above NDPE elements and is applied to all ISF-owned facilities, operations, and our third-party suppliers. We also share our NDPE Policy Implementation Targets and Progress, consistent with our value of being transparent in our business operations to our stakeholders.

ISF’s Sustainable Palm Oil Policy

ISF’s Sustainability Palm Oil Policy Illustration

No new development on peatland regardless of depth No clearing of High Carbon Stock (HCS) and High Conservation Value (HCV) areas Reduce Greenhouse Gas Emissions and implement Climate Actions Eliminate all forms of illegal, forced, bonded, and child labour No use of fire in land preparation and no burning of waste Prohibit corruption and all forms of discrimination Free, Prior, and Informed Consent (FPIC) No use of paraquat, WHO Class 1A & 1B Chemicals, and those listed by Stockholm and Rotterdam Conventions Require suppliers to conduct SEIA when undertaking a new development Supporting smallholders' inclusion and other collaborations through multi-stakeholder landscape approaches Complaint handling and grievance management Protect human rights defenders, complainants, whistleblowers, and community spokespersons Requiring our suppliers to comply with our Code of Conduct Traceability to our suppliers’ mills and plantations RSPO & MSPO Certification compliance Biodiversity protection and prevent hunting

ISF’s Sustainability Palm Oil Policy Illustration

101
No clearing of High Carbon Stock (HCS) and High Conservation Value (HCV) areas
202
No new development on peatland regardless of depth
303 & 04
No use of fire in land preparation
405
Eliminate all forms of illegal, forced, bonded, and child labour
506
Free, Prior, and Informed Consent
607
Prevent and prohibit corruption
708
Elimination of all forms of discrimination
809
To support smallholders' inclusion into our supply chains
910
No use of paraquat and WHO Class 1A & 1B Chemicals
1011
Communication and Transparency
1112
Our suppliers need to comply with our Code of Conduct
1213
Traceability to mill and plantation
1314
RSPO & MSPO Certification compliance
1415
Complaint handling and grievance

Policy Action Plan and Progress

ISF’s Sustainable Palm Oil Policy and its implementation scope are largely based on the components of the NDPE policy and pave the way for a long-term sustainable future if achieved successfully. We update our Sustainability Timebound Action Plan quarterly to monitor our advancement toward achieving a deforestation-free supply chain. Our action plan targets and progress cover the scope of our policy and include all other sustainability-related commitments within our supply chain.

Overview of NDPE Policy and additional supporting commitments from existing policies:

  • Sustainable Palm Oil Policy
  • Supplier Code of Conduct
  • Environmental Policy
  • Occupational Health & Safety Policy
  • Quality Policy
  • Ethical Policy
  • Food Safety Management Policy
  • Corporate Sustainability Initiatives (CSI)

ISF’s Sustainability Timebound Action Plan

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Cross-cutting commitments
  • Build traceable and sustainable palm oil supply chain
  • Support sustainability certification schemes
  • Ensure transparency and open communication with stakeholders
  • Provide an effective grievance mechanism accessible to stakeholders
  • Comply with all applicable international, national and local laws and regulations
  • Carry out corporate sustainability initiatives

Supplier Code of Conduct

ISF’s Supplier Engagement Workshop held on 31 July 2019 at Setia Convention Centre, Selangor, featuring a representative from the Malaysian Palm Oil Board (MPOB)

Published in 2017, ISF’s Supplier Code of Conduct defines the basic requirements that our suppliers must adhere to and implement throughout their business, including full compliance with applicable laws, environmental, and social and corporate governance standards.

Along with our Sustainable Palm Oil Policy, the Supplier Code of Conduct is updated in 2021 consistent with the latest components required in the NDPE policy.

Components of the ISF Supplier Code of Conduct

  1. Legal Compliance
  2. Environment
  3. Human Rights and Labour
  4. Health and Safety
  5. Food Safety, Quality, and Traceability
  6. Anti-corruption
  7. Conflict of Interest
  8. Fair Competition
  9. Proprietary Information and Confidential Information
  10. Data Protection
  11. Grievance Management
  12. Supplier Engagement and Verification
 

ISF’s Supplier Code of Conduct

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