Plantation giant, IOI Corp Bhd has submitted documents to comply with conditions set by the Roundtable on Sustainable Palm Oil (RSPO) for the lifting of the suspension.
CIMB Research expect this case to be deliberated at RSPO’s complaints panel (CP) meeting in June 2016 and the suspension could be lifted if the CP was satisfied with IOI’s submission.
“We gathered from the RSPO website that the CP meets once a month via teleconference. We are of the view that if the CP is satisfied with IOI’s submission and accepts its plans, the CP is likely to recommend that the RSPO Board of Governors lifts IOI Corp’s RSPO certification suspension.
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CIMB Research expect this case to be deliberated at RSPO’s complaints panel (CP) meeting in June 2016 and the suspension could be lifted if the CP was satisfied with IOI’s submission.
“We gathered from the RSPO website that the CP meets once a month via teleconference. We are of the view that if the CP is satisfied with IOI’s submission and accepts its plans, the CP is likely to recommend that the RSPO Board of Governors lifts IOI Corp’s RSPO certification suspension.
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