Indonesian palm oil grower PT Dharma Satya Nusantara Tbk (DSNG) was ranked 7th out of more than 100 global palm oil companies in the 2021 Sustainable Policy Transparency Toolkit (SPOTT)’s ESG Policy Transparency Assessment.
In the assessment, released online from London on November 18, 2021, DSNG, the only Indonesian domiciled palm oil company in the top 10 of SPOTT, achieved a score of 85.4 percent, up significantly from 75.3 percent in 2020, the company said in a release obtained here on November 23, 2021.
“The independent assessment result released by SPOTT motivates us to continue earnestly in implementing positive and impactful ESG practices within our business lines, specifically in our palm oil business. For us, communicating our ESG practices effectively and transparently is not only a necessary obligation, but it has become a fundamental tenet of our business communications,” said DSNG CEO, Andrianto Oetomo.
The SPOTT ranking is based on the assessment of over 100 global companies in palm oil on their Environmental, Social and Governance (ESG) disclosures.
SPOTT is an initiative developed by the Zoological Society of London (ZSL) and is an online platform dedicated to support sustainable commodity production and trace. By tracking the company transparency, SPOTT incentivizes implementation of company best practices.
It assesses commodity producers, processors, and traders for their public disclosure regarding their organization, policies and practices related to environmental, social and governance (ESG) issues. It also assesses tropical forestry, palm oil, and natural rubber companies annually against more than 100 sector-specific indicators to measure their progress over time.
Oetomo said that DSNG has begun its Greenhouse Gas (GHG) Emission Scoping and Climate Risk Assessment with two notable companies that are specialists in the field of emission reduction projects and climate action for businesses and organizations around the world in September 2021.
“This work is an important step of DSNG’s planned and structured approach towards Net Zero,” he said, adding that “Ultimately we aim to reduce emissions, align ourselves with the Government of Indonesia’s efforts to meet the Nationally Determined Contribution (NDC), and transition to a low-carbon and climate resilient future. But we want to do this in a structured, meaningful and measurable manner.”