SINGAPORE -- Malaysia's second-largest plantation company by market capitalization is being dropped as a supplier to such major multinationals as Unilever, Kellogg, and Mars after being stripped of its status as a sustainable producer of palm oil.
The suspension of IOI by the Roundtable on Sustainable Palm Oil, an industry regulatory association, followed complaints a year ago by environmental activists that three subsidiaries in Indonesia had cleared land without permits and beyond permissible boundaries.
