pg. 49

“In November 2021, the European Commission proposed a new legislation to minimise deforestation and conversion of ecosystems by preventing import of commodities linked to deforestation through mandatory due diligence of global supply chains. We welcome this development, which if fully supported by the EU Council and EU Parliament, is expected to help curb deforestation and create a more level playing field based on facts for sustainably produced commodities such as beef, leather, palm oil, soy, wood, cocoa, and coffee.”

Pg. 89

“In 2021, all of our estates and mills except our newly acquired plantation, Tanarata Estate have been successfully certified against the new RSPO Principles and Criteria 2018 which demonstrate a stringent compliance on No Deforestation, No New Planting on Peat regardless its Depth and No Exploitation of Workers and Local Communities (NDPE). Tanarata Estate is anticipated to conduct the RSPO Scope Extension Assessment before the end of 2022 (within three years from the date of acquisition i.e August 2019).”

In the first excerpt, the company welcomes the new legislation to reduce deforestation but its impact is yet to be seen, so it cannot be considered.

Whereas in the second excerpt, it states that all its estates and mills are certified against NDPE compliance. Since this is a measurable progress towards no deforestation, we have considered it.