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Understanding ESG in Palm Oil

Environmental, Social, and Governance (ESG) criteria are vital in assessing the sustainability and ethical impact of palm oil production. Musim Mas integrates ESG principles to ensure responsible sourcing, production, and distribution of palm oil products.

As a responsible palm oil company, we are under significant public scrutiny on our business’s environmental and social impacts. Our performance has been benchmarked or rated by the following ESG rating providers.

Musim Mas’ ESG Achievements 

Highlighting our commitment to ESG in palm oil:

1. CDP Scores (2023): Climate Change: B, Forests: A, Water Security: A

2. EcoVadis: Gold Medal for PT Musim Mas

3. Global Canopy’s Forest 500 (2023): 55%

4. Global Child Forum (2023): Score of 8.7/10, placing in the top fifteen globally

5. World Benchmarking Alliance (2023): Food and Agriculture Benchmark: 30.8% (Rank 61/350), Nature Benchmark: 29.5% (Rank 41/380)

6. SPOTT (2023): 91.8% score, ranked 7th out of 100 palm oil companies

CDP, formerly the Carbon Disclosure Project, runs the global disclosure system that enables companies, cities, states, and regions to measure and manage their environmental impacts. CDP translates the environmental performance data submitted into a detailed analysis of critical environmental risks, opportunities, and impacts. Investors, businesses, and policymakers could leverage these insights to make better decisions, manage risk, and capitalize on opportunities. Since 2018, we have volunteered for inclusion in the company’s scorecard. View Musim Mas’ 2023 score and assessment below:

Score:

The EcoVadis rating assesses the quality of a company’s sustainability management system through its policies, actions, and results. The assessment is based on four themes, i.e., Environment, Labour and Human Rights, Ethics, and Sustainable Procurement.

2023 award:

Global Canopy’s Forest 500 assessment looks at how 350 of the most influential companies and 150 financial institutions in forest-risk supply chains are addressing deforestation and associated human rights abuses risks through their policy commitments, and at what they say they are doing to implement these commitments.

2023 score:

Since 2013, Global Child Forum has been benchmarking companies in collaboration with Boston Consulting Group, assessing companies’ impact on children based on the Children’s Rights and Business Principles.
Companies are scored across four impact areas – Governance & Collaboration, Workplace, Marketplace and Community and Environment.

2023 score:

The World Benchmarking Alliance assesses Musim Mas under two benchmarks:

1. Food and Agriculture Benchmark: The Food and Agriculture Benchmark measures and ranks 350 of the world’s most influential food and agriculture companies on their contributions to transforming our global food system. The benchmark builds upon existing frameworks and targets to holistically assess companies from farm to fork on their environmental, nutritional, and social impact.

2023 score:

  • 30.8%

2023 rank:

2. Nature Benchmark:The Nature Benchmark measures 350 companies from across the food and agriculture value chain and 30 companies from the paper and forest industry. It measures how companies are reducing their negative impacts on nature, and contribute to the protection and restoration of ecosystems.

2023 score:

  • 29.5%

2023 rank:

 

Developed by the Zoological Society of London (ZSL), SPOTT assesses 100 major palm oil producers, processors and traders on their public disclosure regarding their organisation, policies and practices related to environmental, social and governance (ESG) issues.

2023 score:

  • 91.8% 2023

Rank:

Global ESG Impact Across Key Markets

At Musim Mas, our commitment to ESG in palm oil guides our operations across global markets. ESG principles are embedded throughout our supply chain, with tangible initiatives in place across numerous countries, including the United States, India, Singapore, the UAE, and Indonesia.

These focus markets reflect our ongoing efforts to align with local sustainability priorities while contributing to global ESG progress.

Align Your Business With ESG Palm Oil Excellence

Reach out today to integrate ESG-driven palm oil into your supply chain.

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