PETALING JAYA: The market views negatively the Friday announcement by the Round Table on Sustainable Palm Oil (RSPO) that it will suspend the RSPO certifications of the entire IOI group from April.
Analysts said while the sales premium from certified sustainable palm oil (CSPO) represents only a small percentage of IOI Corp Bhd
’s revenue, the damage would be to the company’s reputation as a sustainable palm oil producer.
Already a subscriber? Log in
Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.
Cancel anytime. Ad-free. Unlimited access with perks.
