The AIM-Listed palm oil production company said it is working with business and human rights expert Anna Triponel to conduct a human rights impact assessment as an initial step in its work to implement the United Nations Guiding Principles on business and human rights.
Through this process Equatorial Palm Oil said it had identified notable areas to ensure the company respects human rights at its operations.
Equatorial Palm Oil said areas of high priority include contractor wages and employment status, accidents on the plantations, the impact of use of land on communities, employee housing conditions, and the health and well-being of the company’s executives.
The company said it is now working with the senior management and employees in Liberia to address the areas highlighted in the assessment.
Executive Director Geoffrey Brown said: “Equatorial Palm Oil is committed to respecting internationally recognised human rights throughout our operations, and we use the guiding principles to help us assess and strengthen the relevant policies and processes to put in place.”
“The human rights impact assessment has been a unique and valuable exercise to provide a clear focus on aspects of our operations that impact human rights,” Brown said.
“Equatorial Palm Oil has a long-term commitment to Liberia and its people, and the hard work and effort that has gone into the human rights impact assessment is to benefit those people most closely affected by our operations,” Brown added.
Equatorial Palm Oil shares were down 4.0% at 3.00 pence Tuesday.
By Gem Sofianos; firstname.lastname@example.org