Palm oil buyers with No Deforestation, No Peat, No Exploitation (NDPE) policies have increasingly removed deforestation-linked palm oil suppliers from their supply chains. However, some palm oil buyers remain linked to deforestation as their palm oil suppliers continue to deforest in other sectors, such as timber and mining. Currently, NDPE policies are still applied to …
The palm oil sector has seen significant decreases in deforestation over the past few years with most land clearing done by just a few companies. However, deforestation in Southeast Asia is still a cause for concern, and many palm oil suppliers are tied to subsidiaries and other entities clearing new land for timber and mining. …
On November 24, 2022, the palm oil company Bumitama Agri Ltd issued a statement clarifying its commitment to its No Deforestation, No Peat, No Exploitation (NDPE) policy. The statement came after it was uncovered that a non-compliant supplier, PT Permata Sawit Mandiri (PSM), had entered Bumitama’s supply chain. Fresh fruit bunches (FFB) from PT PSM …
This report discusses the traceability requirement of the new EU regulation on deforestation-free products and the feasibility of its implementation in cattle and soy supply chains in Brazil. Traceability is crucial to ensure that commodity production is not linked to deforestation or forest degradation. Download the PDF here: EU Deforestation Law_Traceability Viable in Brazilian Beef …
Analysis conducted by CRR partner AidEnvironment shows that Indonesia remains the deforestation hotspot in the Southeast Asia, based on concession data for the first six months of 2022. Data shows that the top 10 deforesters together contributed to 8,100 hectares (ha) of forest loss, and all the concessions featured in the top 10 list are …
Cargill and Bunge, the world’s two largest traders of Brazilian soy, have been recently linked to a contested farm in Brazil, connecting the companies to human rights violations of traditional communities. Earthsight and De Olho nos Ruralistas, two non-profit organizations in the UK and Brazil, recently found that Cargill and Bunge are sourcing soy from …
A subsidiary of Jhonlin Group, PT Jhonlin Agro Raya (JAR), is currently launching an Initial Public Offering (IPO) through the Indonesia Stock Exchange. According to the prospectus, the IPO was held from July 12-15, 2022, with the anticipation of a share listing on August 3, 2022. The company is issuing 1.22 billion new shares, with …
This report discusses the EU’s regulation on deforestation-free products and how its requirements will affect the palm oil industry, one of the key commodities driving deforestation. The upcoming law, expected to be implemented in 2023, will have implications for palm oil supply chain actors and their financers. Watch our webinar covering the findings of this …
Wilmar International is a leading company in the palm oil sector. It has 230,000 hectares of planted area and a 10 times greater palm oil footprint through its trading, refining, and fast-moving consumer good activities. Concerns about ESG violations and investor ratings have hampered Wilmar, an early adopter of RSPO certification and a frontrunner in …
In April 2022, the government of Indonesia introduced a new regulation to ban the export of palm oil. The regulation (Minister of Trade Regulation Number 22/2022) covered crude palm oil and its derivatives, including refined, bleached, and deodorized palm oil (RBDPO), refined, bleached, and deodorized olein (RBDO), and used cooking oil. The regulation sought to …
