Petaling Jaya, 8 July 2014 - The world’s largest palm oil players have taken a significant step forward in sustainability, by committing to the Sustainable Palm Oil Manifesto which sets higher standards for growers, traders, end users, and other stakeholders. The Manifesto demands increased commitment to sustainable production right across the supply chain and is an important step the industry is taking to set the direction for sustainable agriculture.
The Manifesto commits its signatories to no deforestation, creating traceable and transparent supply chains, and protecting peat areas, while ensuring economic and social benefits for the local people and communities where oil palm is grown. These standards are higher than, and in addition to, those set by the Roundtable on Sustainable Palm Oil (RSPO), of which all signatories are members.
Five oil palm growers – who are the largest in the industry, together producing more than 9% of the world’s palm oil – were the first to sign the Manifesto. They are Sime Darby Plantation, IOI Corporation Berhad, Kuala Lumpur Kepong Berhad, Musim Mas Group, and Asian Agri. Other signatories include global palm oil trader Cargill and Apical.
These signatories, along with global agribusiness group, Wilmar International Limited, will also be funding research to define what constitutes a High Carbon Stock (HCS) forest and to establish HCS thresholds that take into account environmental, socio-economic and political factors in developing and emerging economies.
Unlike High Conservation Value (HCV) areas, which are areas of critical importance in terms of ecological, social or cultural value, HCS needs further study to establish appropriate thresholds that will not stifle the economic development of nations while ensuring that environmental concerns are addressed. The research will establish these, and determine suitable assessment methods to identify HCS forests, which will be excluded from future oil palm plantation development.
Speaking on behalf of the five growers, Tan Sri Dato’ Seri Mohd Bakke Salleh, President and Group Chief Executive of Sime Darby Bhd, said that while the signatories include many of the industry’s key players, the Manifesto is an open invitation to all stakeholders in the palm oil value chain, including civil society and environmental groups, to sign up and work together to increase momentum in the drive towards sustainability.
“This Manifesto represents an important milestone for the global palm oil industry. As the world’s leading palm oil producers, we want to make clear our commitment to driving progress towards sustainability in the industry, and across all sustainable agriculture, and to leading by example.”
“While many of these growers have been consistently improving their sustainability performance over the last five years, the Sustainable Palm Oil Manifesto puts their commitment in writing and calls on the rest of the industry to follow their lead,” Mohd Bakke said.
The Sustainable Palm Oil Manifesto aims to build upon the signatories’ existing commitments to the Roundtable for Sustainable Palm Oil (RSPO). The RSPO’s Principles and Criteria have established the foundation for the growing, production, processing and trading of sustainable palm oil. It is currently the only sustainability standard available in the global edible oil industry, making palm oil the only edible oil produced on a large scale that adheres to stringent social and environmental standards.
Cookie | Duration | Description |
---|---|---|
cookielawinfo-checkbox-analytics | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics". |
cookielawinfo-checkbox-functional | 11 months | The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". |
cookielawinfo-checkbox-necessary | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary". |
cookielawinfo-checkbox-others | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. |
cookielawinfo-checkbox-performance | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance". |
viewed_cookie_policy | 11 months | The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data. |
A cookie is a small file which asks permission to be placed on your computer’s hard drive. Once you agree, the file is added and the cookie helps analyse web traffic or lets you know when you visit a particular site. Cookies allow web applications to respond to you as an individual. The web application can tailor its operations to your needs, likes and dislikes by gathering and remembering information about your preferences.
We use traffic log cookies to identify which pages are being used. This helps us analyse data about web page traffic and improve our website in order to tailor it to customer needs. We only use this information for statistical analysis purposes and then the data is removed from the system.
A cookie in no way gives us access to your computer or any information about you, other than the data you choose to share with us.
You can choose to accept or decline cookies. Most web browsers automatically accept cookies, but you can usually modify your browser setting to decline cookies if you prefer. This may prevent you from taking full advantage of the website.
Click to see the Personal Data Protection Act 2010.