IOI Group , one of Malaysia ’s largest companies , has been suspended from the Roundtable on Sustainable Palm Oil ( RSPO ) , an association it helped to found . “The only effect is that IOI will not be able to earn CSPO premium on our oil which represents only a very small percentage (less than 0.5%) of our revenue,” Yeo Lee Nya said. The company 's suspension relates to IOI 's activities in the Ketapang area of North Borneo , where three of its subsidiaries are accused of violating RSPO standards . The violations were first reported by NGOs six years ago . During the intervening period , IOI has been one of the largest supplies of RSPO ’s “ Certified Sustainable Palm Oil ” ( CSPO ) to Unilever , which is also a member of the RSPO . IOI ’s suspension means that is no longer able to sell CSPO certified palm oil .
IOI Group , one of Malaysia ’s largest companies , has been suspended from the Roundtable on Sustainable Palm Oil ( RSPO ) , an association it helped to found . The company 's suspension relates to IOI 's activities in the Ketapang area of North Borneo , where three of its subsidiaries are accused of violating RSPO standards . The violations were first reported by NGOs six years ago . During the intervening period , IOI has been one of the largest supplies of RSPO ’s “ Certified Sustainable Palm Oil ” ( CSPO ) to Unilever , which is also a member of the RSPO . IOI ’s suspension means that is no longer able to sell CSPO certified palm oil .