Post by hasan77 on Feb 15, 2024 5:31:14 GMT
Given limited resources, technical capacity or incentives, expansion — often on land that is critical to ecosystems and climate health — rather than through efficiency gains. Second, the market will pick up what the pristine supply chains do not want. India is the world’s largest importer of palm oil, while growing demand from emerging markets for palm oil is a key driver of deforestation in Indonesia and Malaysia. In fact, the major growth markets for palm oil are exactly those markets with softer sustainability standards — not only in China and India, but also the Middle East and Eastern Europe.
Third, Asian banks continue to lend to those sourcing or producing unsustainable palm oil without requiring time-bound improvements on sustainability criteria as conditions for lending. India is the world’s largest importer of palm oil, while growing demand from emerging markets for palm oil is a key driver of deforestation in Fiji Email List Indonesia and Malaysia. A new report, "Keep Palm" (PDF) by WWF and CLSA, an Asian capital markets and investment group, outlines how companies, banks and investors can play a role in lifting the entire industry’s sustainability standards.
The report recommends that end buyers — the regions’ retailers, consumer goods companies, restaurants, and hotels — should commit to and disclose progress against time-bound plans for sourcing RSPO-certified and NDPE-compliant palm oil and to achieving 100 percent traceable (to the plantation) supply chains. This "clean up," however, should not merely displace the sector’s problems. At least a portion of procurement for sustainable supply chains should come from smallholders, preferably by helping smallholders to achieve RSPO certification. At the same time, the focus needs to go beyond individual plantations and projects to ensure the sustainability of wider landscapes and the communities that depend on them, finding multistakeholder solutions that simultaneously protect vital ecosystems and forests and uplift local communities.
Third, Asian banks continue to lend to those sourcing or producing unsustainable palm oil without requiring time-bound improvements on sustainability criteria as conditions for lending. India is the world’s largest importer of palm oil, while growing demand from emerging markets for palm oil is a key driver of deforestation in Fiji Email List Indonesia and Malaysia. A new report, "Keep Palm" (PDF) by WWF and CLSA, an Asian capital markets and investment group, outlines how companies, banks and investors can play a role in lifting the entire industry’s sustainability standards.
The report recommends that end buyers — the regions’ retailers, consumer goods companies, restaurants, and hotels — should commit to and disclose progress against time-bound plans for sourcing RSPO-certified and NDPE-compliant palm oil and to achieving 100 percent traceable (to the plantation) supply chains. This "clean up," however, should not merely displace the sector’s problems. At least a portion of procurement for sustainable supply chains should come from smallholders, preferably by helping smallholders to achieve RSPO certification. At the same time, the focus needs to go beyond individual plantations and projects to ensure the sustainability of wider landscapes and the communities that depend on them, finding multistakeholder solutions that simultaneously protect vital ecosystems and forests and uplift local communities.