Halcyon Agri Corporation has been rated as the most transparent rubber-producing company globally in the second Sustainability Policy Transparency Toolkit (SPOTT) assessment, up from second place in the previous year.
The assessment, created by international conservation charity Zoological Society of London (ZSL), assesses 15 significant natural rubber producers and processors on the public disclosure of their policies, operations, and commitments to Environmental, Social and Governance (ESG) best practice. The present assessment covers a period of 16 months, from November 2019 to March.
Halcyon Agri achieved a total score of 77.7% in the current assessment, an 8.2% improvement from 69.9% in the 2019 inaugural assessment, and notably higher than the industry average score of 41.2% among major natural rubber companies assessed by SPOTT.
Li Xuetao, CEO of Halcyon Agri, says that the company is honoured to be recognised as the most transparent natural rubber producer.
“We continue to embrace sustainability as one of our key business tenets, and such recognitions validate the efforts and investments that our global team have continuously made in setting the industry example as a sustainable business organisation. As a sustainable natural rubber franchise, we believe that our actions and achievements will inspire meaningful change in the industry,” he says.
The company notes that the ranking follows Halcyon Agri’s other recent achievements in the last six months, including EcoVadis Gold, which recognises Halcyon Agri’s responsible conduct in the environment, labour practices, ethics and sustainable procurement, as well as the Malaysian Sustainable Palm Oil (MSPO), which certifies responsible management of palm oil plantations.
Shares in Halcyon Agri closed 0.5 cents of 1.76% higher at 28.5 cents on March 19.
