The United Kingdom and Germany have recently announced new bills aimed at achieving deforestation-free commodity supply chains. The bills also focus on decarbonization of the transportation and energy sectors, and, if enacted, they would help countries meet climate change and greenhouse gas emission reduction targets. At the same time, however, Indonesia plans to implement a …
For the first six months of 2020, Chain Reaction Research (CRR) has detected a total of 19,894 hectares (ha) of deforestation within known oil palm concessions in Indonesia, Malaysia, and Papua New Guinea. Based on satellite imagery from CRR partner Aidenvironment, more than half of the total detected deforestation (57 percent) is attributed to ten …
On July 7, 2020, PT Pradiksi Gunatama held an Initial Public Offering (IPO) on the Indonesia Stock Exchange. On the day the IPO went public, the Indonesia Stock Exchange reported a 34.78 percent increase in the company’s share price. The IPO raised proceeds of IDR 103 billion (over USD 7 million). The company plans to use …
BlackRock Investment Stewardship released a report on sustainability this week, providing an overview of the asset manager’s voting practices and engagement in 2020 connected to climate change. BlackRock, the world’s largest asset manager, says that it has voted against 53 companies for not making enough progress in disclosing climate risks or integrating these risks into …
A palm oil company clearing forest in the Malaysian state of Sabah, Aspirasi Kristal Sdn Bhd, has ownership links to the Malaysian palm oil grower and trader IOI Corporation. In 2011, the State Government of Sabah granted a 5,033 hectare (ha) concession to Aspirasi Kristal Sdn Bhd. The concession is within the Bonggaya Forest Reserve, …
Palm oil spot markets have become a backdoor that has allowed non-compliant producers to enter into the supply chains of companies with No Deforestation, No Peatland, and No Exploitation policies. The spot market’s nature allows palm products to cross many hands before reaching their final destinations, making due diligence difficult. Chain Reaction Research (CRR) analysts …
The palm oil industry has seen considerable transformation in the last few years, as suppliers that are not compliant with NDPE policies have been increasingly excluded from supply chains. However, these gains are undermined when the same suppliers enter supply chains via spot purchases. Yet, little is known about the spot market. This paper seeks …
On June 15th, the consumer goods company Unilever announced new measures to combat climate change and protect biodiversity. The measures commit Unilever to a deforestation-free palm oil supply chain by 2023 and net-zero emissions by 2039. The company plans the establishment of a EUR 1 billion (USD 1.12 billion) Climate & Nature Fund, which will …
In May 2020, the Finnish consumer good manufacturer Neste Oyj (known as Neste) updated its traceability dashboard. The dashboard provides data on both Neste’s palm fatty acid distillate (PFAD) suppliers and its Tier 2 suppliers (mills that supply crude palm oil to the PFAD suppliers – see Graphic 1). Despite the company committing to NDPE …
Laporan diterjemahkan ke Bahasa Indonesia Pembelian di Pasar Spot Memungkinkan Minyak Kelapa Sawit yang Berkaitan dengan Deforestasi untuk Memasuki Rantai Pasokan NDPE Industri perkelapasawitan mengalami transformasi yang cukup berarti selama beberapa tahun terakhir, karena semakin banyak pemasok yang tidak mematuhi kebijakan NDPE dikeluarkan dari rantai pasokan. Namun, kemajuan ini dilemahkan oleh situasi ketika pemasok yang …
