Last Friday, the palm oil industry crossed an important threshold: Golden Agri-Resources (GAR) announced a decision to source only palm oil produced without deforestation. This means that now, a majority of the world’s traded palm oil is covered by deforestation-free sourcing policies, heralding a clear shift in the market towards responsible commodity production.
There recently have been a number of breaking updates in the palm oil sector, which reflect rapidly changing market entry requirements on deforestation:
We are writing to announce that Kellogg recently adopted a new palm oil sourcing policy that requires its suppliers to provide fully traceable, no-deforestation, no-exploitation palm oil by 2016.
Chain Reaction Research conducted a new analysis identifying serious undisclosed risks associated with the scheduled December 12 Initial Public Offering of the palm oil company PT Sawit Subermas Sarana (SSMS) on the Jakarta Stock Exchange.
Asia’s largest agribusiness company, Wilmar International, and consumer products leader Unilever today announced an agreement to protect forests and communities through its new policy. Crucially, the policy applies not only to Wilmar’s own operations, but also to its subsidiaries and third-party suppliers. As part of its commitment, Wilmar will work with suppliers to immediately move …
We wanted to alert you to news on Bumitama Agri Ltd (BAL:SP) that could have a bearing on its market and access to finance. Within the last few days, Bumitama has been the subject of yet another NGO report – this one from Friends of the Earth, SumofUs, and the Forest Heroes campaign – that …
