"Mounting Pressures on Sustainability & New Challenges for the Palm Oil Industry" "Sustainability has entered into a new ball game for the palm oil industry" "For many years, there have been mounting pressures from NGOs eg Greenpeace but finally the catalysts that has pushed this to the tipping point is the changing tide of sentiment from consumers goods industry" "Unilever Commits to Sustainable Palm Oil by End of 2014" Wall Street Journal, Nov. 12, 2013 "Procter & Gamble commits to protect world's rain forests" CBS New.com Apr 9, 2014 "L'Oréal Pledges 'Zero Deforestation' by 2020" Environmental Leader Jan 27, 2014 "Kellogg's to buy only sustainably sourced palm oil" The Guardian 19 Feb 2014 Palm oil companies are now forced look seriously into their procurement policies and incorporating sustainability into their supply chain. 2 big palm oil giants Wilmar and Golden Agri has already taken the lead to raise the bar for sustainability by committing to provide products that are "free from links to deforestation or abuse of human rights and local communities". What significant impact will this bring to the palm oil industry ? Meanwhile a multiplicity of standards such as the International Standard for Carbon Certification (ISCC), Indonesian Sustainable Palm Oil (ISPO) and the newly introduced Malaysian Sustainable Palm Oil (MSPO) have emerged. |