Environmental, Social, and Corporate Governance (ESG) indicators refer to the three central factors in measuring the sustainability and societal impact of an investment in a company or business. These non-financial metrics are used as part of an analytical process to identify material risks and growth opportunities:
Environmental criteria consider how a company performs as a steward of nature
Social criteria examine how it manages relationships with employees, suppliers, customers, and the communities in which it operates
Governance criteria deal with a company’s leadership, anti-corruption mechanisms, internal controls, and shareholder rights
In practical terms, the ‘S’ in ESG criteria focuses on human rights issues relevant to business, including modern slavery, child labor, land rights, inequality, diversity, employee relations, health and safety, privacy, and human capital management.
Japan-based Kirin Holdings Company, Ltd. should publish its investigation report on the military-owned Myanmar Economic Holdings Ltd. (MEHL) and swiftly cut ties with the company, Human Rights Watch said today.
The Straits Times
It is the third US ban on a Malaysian firm last year over forced labour allegations
Palm oil is used in everything from food to cosmetics to biodiesel. It is mainly produced in Malaysia and Indonesia. The ban on Sime Darby, the world s largest palm oil company by land size and seen as a leader in sustainably produced palm oil, could be lifted if remedial action is taken.PHOTO: REUTERS
PublishedJan 1, 2021, 5:00 am SGT
https://str.sg/JRy5
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By Reuters Staff
3 Min Read
KUALA LUMPUR (Reuters) - The United States has banned imports of palm oil from Malaysian producer Sime Darby Plantation from Wednesday over allegations of forced labour during production, the U.S. Customs and Border Protection (CBP) said.
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The ban on Sime Darby, the world’s largest palm oil company by land size and seen as a leader in sustainably produced palm oil, is another blow to an industry that has faced mounting allegations of labour and human rights abuses.
Palm oil, used in everything from food to cosmetics to biodiesel, is mainly produced in Malaysia and Indonesia, where the industry has been blamed for wide-scale deforestation and habitat destruction.