SINGAPORE—Halcyon Agri Corp. is being recognized as the most transparent rubber producing company in the world, according to one assessment.
Sustainability Policy Transparency Toolkit (SPOTT) was created by the Zoological Society of London, an international conservation charity to assess sustainable commodity production and trade.
SPOTT ranked Halcyon Argi first in transparency among 15 natural rubber producers and processors regarding public disclosure of policies, operations and commitments to environmental, social and governance best practices, the company said.
SPOTT assessed Halycon Agri from over a 16-month period from November 2019 to this month.
The company's total SPOTT score was 77.7 percent, up 8.2 percent from the previous 2019 assessment where the company ranked second. The industry average score is 41.2 percent in the latest assessment.
"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 organization. As a sustainable natural rubber franchise, we believe that our actions and achievements will inspire meaningful change in the industry," Halcyon Agri CEO Li Xuetao said in a statement.
Halycon Agri includes subsidiary Corrie MacColl Ltd.
"Sustainability has always been the core of our business, especially more so in managing our group-wide plantations, where we need to strike a balance between protecting the ecosystem, safeguarding the wellbeing of our people and their families, as well as being profitable," Corrie MacColl CEO Lee Chestnutt said in a statement.
Halcyon, based in Singapore, has capacity to produce 1.76 million tons (1.6 million metric tons) of rubber each year and owns 38 processing facilities. Operations include warehouses, terminals, laboratories and sales offices throughout the world. The company distributes natural rubber grades, latex and specialized rubber for both tire and non-tire applications.