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This chapter reviews natural capital and biodiversity accounting in Malaysian palm-oil production. It outlines the palm-oil industry’s impact on biodiversity and natural capital. It then assesses the transparency of sustainability information in the Malaysian palm-oil industry. Five initiatives for improving the transparency of sustainability reporting and the implementation of best practice by palm-oil companies are highlighted. These five initiatives are Carbon Disclosure Project, Forest 500, No Deforestation, No Peat and No Exploitation Implementation Reporting Framework, Sustainability Policy Transparency Toolkit (SPOTT), and Worldwide Fund for Nature Palm Oil Buyers Scorecard. The chapter includes examples of SPOTT data from Malaysian palm-oil companies. This chapter ends with a discussion of weaknesses in current governance that justify the need for more governmental initiatives towards sustainable palm-oil production.
- 1 Introduction
- 2 The impact of the palm-oil industry on biodiversity and natural capital
- 3 Sustainability initiatives in the Malaysian palm-oil industry and the issue of transparency
- 4 Transparency initiatives to monitor the palm-oil industrys impact on biodiversity and natural capital
- 5 Transparency in practice: SPOTT framework examples from Malaysian palm-oil companies
- 6 Conclusion
- 7 Where to look for further information
- 8 References