4th July 2018, Kuala Lumpur, Malaysia ( refer the Sustainability section )
6 June 2018, Kuala Lumper, Malaysia
The Pacific Inter-link (PIL) – a leading edible oil and consumer goods producer and trader – today made the following statement concerning its palm oil sustainability commitments. PIL draws its lineage from the Hayal Sayeed Anam Family (HSA).
As an organization which has long placed sustainability at the heart of its business, PIL took recent, misinformed allegations of involvement in the deforestation of concessions in Indonesian Papua extremely seriously.
PIL wishes to clarify that these reports are not accurate. Neither PIL nor HSA owns or operates any palm oil plantation in Papua, or in any other part of the world. The HSA family had once intended to invest in the Indonesian upstream palm oil sector – which was prematurely advertised on its websites – but terminated all such plans by mid-2017 after due diligence studies demonstrated there was no clear business case to do so. Any confusion on this issue is unintended.
PIL shares wider industry concerns regarding the need to drive forward sustainability initiatives. The organisation is a proud Roundtable on Sustainable Palm Oil (RSPO) member and believes there is an opportunity for PIL to be more transparent in its championing of palm oil sustainability. As such, PIL will launch a Palm Oil Sustainability Charter and Implementation Plan, which will outline the organisation’s commitments to protecting the environment and delivering positive social impacts.
PIL will work with its key stakeholders to develop and launch this Sustainability Charter, which will be published on its website when finalised in Q3 2018. This will become a core tenet in the organisation’s long-term business strategy.
A key commitment in this Charter will be working towards supply chain traceability, which PIL aims to achieve by 2020. The initial stage in this process is undertaking a detailed review of PIL’s existing supply chain, from which a timebound implementation plan will be developed to source palm oil from responsible producers.
PIL remains committed to engaging and maintaining a dialogue with its business associates, clients and wider stakeholders to achieve the mutual goal of responsible and sustainable palm oil development.
About Pacific Inter-Link (PIL)
Pacific Inter-Link (PIL) was incorporated in 1988 in Kuala Lumpur to promote the export of various commodities and services from Malaysia and the Far East to the Global Markets. Over the past three decades PIL has grown into a respected global player in the field of edible oils and consumer goods.
Pacific Inter-link draws its lineage from the Hayal Sayeed Anam (HSA) family which is one of the most respected industrial, trading and service names in the Middle-East. Both Pacific Inter-link and HSA family are recognized by the stakeholders as ethical and responsible parties.
For further information please contact:
Mr Arup R Pal, Head of Communications, Marketing and CSR