SPOTT annual assessment 2024: REA increases score to 91.5%

REA has increased its score from 88.7% to 91.5%, compared with the average score of 48.2% and the top score of 97.4%, and is ranked 8th out of the 100 palm oil companies assessed.

Each year the group participates in the Sustainable Palm Oil Transparency Toolkit (SPOTT) assessment by the Zoological Society of London (ZSL). SPOTT assesses palm oil producers, processors and traders on their disclosures regarding their organisation, policies and practices with respect to environmental, social and governance (ESG) issues to incentivise best practices.

SPOTT assesses the transparency and content of disclosures regarding:

·      Organisation: operations, assets and management structure

·      Policy: policies, commitments and processes that guide the operations and practices

·      Practice: activities undertaken to progress towards targets and implementation of policies and commitments.

The 2024 assessment covered 186 ESG indicators across 10 categories, with REA’s score significantly improved in the categories of deforestation and biodiversity, as well as HCV, HCS, and community, land and labour rights.