Globalization: IOI Group’s Economic Activities Leads Social and Political Issues

IOI Corporation Berhad (IOI) is a palm oil producer that has plantations and vertical integration into the processing of palm oil (About Us, IOI Group, 2020). They operate globally. Businesses that operate globally are said to contribute to and enjoy globalization. Globalization has been criticized for damaging the environment, supporting questionable international practices, human rights

The TBL Potential of the Palm Oil Industry: A Closer Look at RSPO

What is RSPO? The potential applications for corporate social responsibility (CSR) in the palm oil industry are immense. The industry currently has numerous negative social and environmental impacts that it could work to nullify through CSR and the triple bottom line (TBL). The industry also has a massive global presence and seemingly infinite longevity which

Externalities in the Palm Oil Industry

Externalities can be explained as “a cost or benefit caused by a producer that is not financially incurred or received by that producer. An externality can be both positive or negative and can stem from either the production or consumption of a good or service. The costs and benefits can be both private—to an individual

Working conditions for palm oil employees

Situation Producers of palm oil have been creating unsafe conditions for workers. The issue of safety is exacerbated by the Covid-19 pandemic which has caused a labour shortage of migrant workers in Malaysia. Usually, cheap foreign labour is used to produce palm oil because locals think the work is too unsafe (Pattison, 2020). There have