One hundred percent of palm oil sourced for Unilever’s European foods business will be traceable and certified sustainable by the end of 2014, according to the company’s sustainable palm oil progress report.
The report says 58 percent of its global volume is now traceable to known sources and Unilever now has visibility of about 1,800 crude palm oil mills, representing around two-thirds of all mills in the global palm oil industry.
Unilever has set a goal that by 2020 the entire industry will achieve 100 percent sustainable palm oil.
About 90 percent of companies see opportunities in shifting to sustainably sourcing key forest-risk commodities, according to a CDP report published this month that makes the business case for ridding supply chains of deforestation. The major driver of global deforestation comes from the demand for four critical agricultural commodities: cattle products, palm oil, timber products and soy.
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