IOI Corp's plantation in Johor
KUALA LUMPUR: Leading global buyers of palm oil are holding off on mending business ties with plantation giant IOI Group despite an industry watchdog’s decision to reinstate the producer’s green certification.
The Roundtable for Sustainable Palm Oil (RSPO) in April withdrew IOI’s “sustainability certification” after allegations the company had illegally chopped down rainforests in Indonesia and planted palm crops on peatland.
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