The Forest Stewardship Council (FSC) has sanctioned Korean-Indonesian conglomerate Korindo for clearing tropical forests in Indonesia to produce palm oil. Although the Korindo Group isn’t being expelled from the certification scheme, the company must rapidly improve its forestry operations to meet FSC standards.
Two major corporations have announced a new initiative to promote sustainable palm oil practices. BASF, Estée Lauder and the Roundtable on Sustainable Palm Oil (RSPO) are partnering with civil society organization Solidaridad to promote sustainable palm oil production in Indonesia. Approximately 40% of the world’s palm production comes from smallholder farmers, ... Read more »
The Roundtable on Sustainable Palm Oil (RSPO) has ratified and adopted new Principles & Criteria standards for certification. The updated Principles & Criteria (P&C) include a number of new elements, including the adoption of a “no deforestation through the implementation of the High Carbon Stock Approach,” the organization says. They ... Read more »
The J.M. Smucker Company’s new 2018 corporate responsibility report outlines how the food and beverage manufacturer is working with suppliers on responsible sourcing. The report also details the company’s work on palm oil traceability.
An in-depth look: Institutional investors, increasingly concerned about the risks of deforestation on their investment portfolios, have called for stronger provisions for certifying the sustainable production of palm oil. More than 90 investors, representing more than $6.7 trillion in assets under management, sent
The Roundtable on Sustainable Palm Oil (RSPO) reinstated Nestlé’s membership this week after the company submitted a time-bound action plan to achieve 100% RSPO certified sustainable palm oil by 2023. Earlier this month the organization had suspended Nestlé over lax reporting and failure to pay the membership fee, which counted ... Read more »
The Roundtable on Sustainable Palm Oil (RSPO) has suspended Nestlé’s membership over the company’s failure to submit an annual progress report for 2016, and for delivering a 2017 report without the required time-bound plan for working toward sustainable palm oil.
The Roundtable on Sustainable Palm Oil (RSPO) and technology company Ulula have partnered to introduce a simplified and inclusive mechanism to report potential workers’ incidents and abuses, and to monitor employee satisfaction and social investments in oil palm plantations. The tool, which has been made available free of charge through simple ... Read more »
Leading UK frozen food specialist Iceland plans to axe all palm oil from its own-label products by the end of this year, with 130 products to be reformulated. Moves like this are important to manufacturers as
Golden Agri-Resources (GAR) says that its 44 own mills have achieved 100% traceability back to the source plantation for its palm oil supply. Why bother? Companies that fail to manage their environmental performance, including deforestation, expose themselves to business risks
A number of food and beverage companies based in Singapore have committed to sourcing sustainable palm oil, including 10 that signed on today.
Samsung IT says its subsidiary will not pursue any business with the Korean-Indonesian conglomerate Korindo, a company linked to rainforest destruction practices. A petition, launched by SumOfUs.org and delivered by Mighty Earth directly to Samsung’s Corporate Social Responsibility team, was part of an extensive two-month campaign, calling on Samsung to drop the joint venture or any business partnership with Korindo. But