Saturday, July 22, 2017
News
NEWS HOME
»
PRESS RELEASES

RSPO Confident of Positive Momentum in India and China
  SocialTwist Tell-a-Friend  
   


Date: 03-10-2012 04:53 PM
Source: RSPO (Business Wire India)
Category: Business, Leisure, Entertainment
Location: New Delhi, Delhi, India

The Roundtable on Sustainable Palm Oil (RSPO), a global multi-stakeholder organization and an international certification scheme for sustainable palm oil revealed today that critical markets for palm oil, India and China are steadily progressing in their commitment towards certified sustainable palm oil (CSPO). A shift in awareness regarding the direct linkage of conventional palm oil practices and deforestation is picking up as the footprints of companies in India and China in the global arena are growing at a rapid pace.

India is the world’s largest consumer and importer of palm oil with a palm oil footprint of approximately 2 million hectares and imports of over 7.2 million metric tons. China the second largest importer of palm oil in the world, imported around 5.9 million tons in 2011 with a palm oil footprint of approximately 1.5 million hectares.

Commenting on the developments, Darrel Webber, Secretary General RSPO said, “Both power house economies are becoming aware of their increasing responsibility to ensure that the procurement of palm oil comes from responsible sources and are not linked to rainforest and peat land destruction, resulting in climate change. As significant global economies, India and China have immense propensity to influence worldwide advancement of sustainable palm oil.

“From a global reputational point of view, this will carve India and China as an international benchmark on how large and complex economies can commit, assess and assume policies for a mainstream agricultural commodity such as palm oil which is fast gaining sustainable momentum. Through our engagements in these complex and stunningly diverse markets, we are witnessing enthusing levels of affinity and interchange amongst industry players within the palm oil supply chain amongst environmental associations, business communities, food related associations and government agencies.“ Webber further commented.

The RSPO asserts that it is committed to play an active role in the advancement of sustainable pam oil in India and China by focusing on three key aspects.
 
Firstly; To encourage the role of multinational companies in cascading their global procurement policies and commitment towards sustainable palm oil into India and China. As a case in point: Unilever has announced that by the end of 2012 it will achieve its target of sourcing all palm oil sustainably through Green Palm Certificates, a full three years ahead of its previous schedule that is applicable to India. Unilever has also set a new target for purchasing all of its palm oil from traceable sources by 2020. Similarly, by 2015, the palm oil products Cargill supplies to our customers in Europe, United States, Canada, Australia and New Zealand will be RSPO certified and/or originated from smallholder growers (excluding palm kernel oil products). By 2020, 100 percent of all palm oil products, Cargill will supply to our customers worldwide from across all our oil and trading businesses which will be RSPO certified and/or originated from smallholder growers. Wal-Mart has also pledged to use sustainable palm oil for all of its private brands globally by the end of 2015.

Secondly: To establish awareness and buy-in amongst local companies in India and China on both the commercial and altruistic advantages of their role towards sustainable palm oil, primarily along the supply chain which includes processors & traders; consumer goods manufacturers and retailers. Recently, house hold name in India with extensive international operations, Godrej announced its commitment and intent to procure certified sustainable palm oil and to study procedures for certifying domestically produced palm oil. Subsequently, Ruchi Soya, one of India’s largest palm oil importers, joined RSPO membership along with existing member companies, Adani Wilmar Limited, Kamani Oil Industries Private Limited and VVF Limited, amongst others.

Thirdly: To engage and open channels of communications with Government; relevant Associations; and the civil society in both these markets to establish understanding of the dynamics and priorities within each economic and social landscape; and to weave into that strategic guidelines that embrace sustainable palm oil as key pillar. A recent forum held in Tianjin, China by WWF China; the Consumer Goods Forum; Chinese Chamber of Commerce of Foodstuffs and Native Produce (CFNA) and RSPO on the Sustainable Palm Oil Supply Chain Forum showcased tangible domestic efforts and commitment. The CFNA, a key government influencer, recently released report into the prospects for sustainable palm oil in China. These developments mirror an increasing awareness of sustainability issues amongst Chinese consumers, with a recent survey showing that Chinese consumers’ purchasing behavior is increasingly influenced by a company's CSR performance.

Latest developments on sustainable palm oil in India and China will be shared at RT10, RSPO’s annual global meeting on sustainable palm oil which will be held from October 20th to November 1st 2012 in Singapore www.rt10.rspo.org.

The RSPO is committed to continuing to build momentum through strategic engagement and collaboration with key stakeholders in both markets. Market transformation in India and China will represent a milestone in RSPO’s efforts to protect high bio-diversity areas, address climate change and deforestation and deal with social issues in producing nations.

About RSPO

In response to the urgent and pressing global call for sustainably-produced palm oil, the Roundtable on Sustainable Palm Oil (RSPO) was formed in 2004 with the objective of promoting the growth and use of sustainable oil palm products through credible global standards and engagement of stakeholders. The seat of the association is in Zurich, Switzerland, while the secretariat is currently based in Kuala Lumpur with a satellite office in Jakarta.

RSPO is a not-for-profit association that unites stakeholders from seven sectors of the palm oil industry - oil palm producers, palm oil processors or traders, consumer goods manufacturers, retailers, banks and investors, environmental or nature conservation NGOs and social or developmental NGOs - to develop and implement global standards for sustainable palm oil.

Such multi-stakeholder representation is mirrored in the governance structure of RSPO such that seats in the Executive Board and project-level Working Groups are fairly allocated to each sector. In this way, RSPO lives out the philosophy of the "roundtable" by giving equal rights to each stakeholder group to bring group-specific agendas to the roundtable, facilitating traditionally adversarial stakeholders and business competitors to work together towards a common objective and make decisions by consensus.


More Press Releases

Toshiba Tec Demonstrates Sustainable Business Excellence by Achieving Product Life Cycle Assessment Verification from BSI

Usage of Mobile Banking and Digital Payment Grows Dramatically in India Post Demonetisation, New FIS Survey Shows

NEET 2017 Result: The Central Board of Secondary Education Declared NEET 2017 Result

Selection of Preferred Bidder for the Sale of Toshiba Memory Corporation

BionextLaunches Biosight: an Online Platform That Will Revolutionize Pharmaceutical Research

Brands from India Among 92 Winners of the 2017 Animalis Edition of the World Branding Awards

WNS Launches Enhanced Version of SocioSEER™

iQor Names Deepak Batheja as Chief Digital Officer and Group CIO

KAL Launches Open Banking Technology Ahead of Europe’s PSD2 Initiative

Zydus Wellness Announces National Launch of Sugar Free Green

Bledsoe Telephone Cooperative Selects Nominum to Deliver a Faster, More Secure Internet

Essel Group ME Acquires Serena's Middle East Business

Blurry Box, the Unbreakable Software Protection Technology

XPRIZE Announces Teams Advancing in $15M Global Learning XPRIZE at EdTechXEurope

Wipro Collaborates with Red Hat for Cloud Application Factory powered by Red Hat OpenShift Container Platform

JW Marriott Mumbai Sahar Appoints Nikita Gonsalves As Director of Sales and Marketing

Thepackersmovers.com Eases the Way of Hiring Reliable Packers and Movers in India

Chitkara University in Strategic Partnership with Frost & Sullivan Announces a New Academic Program in Healthcare Information Technology

Krishnapatnam Becomes the First Port to go Paperless with e-Xpressway

How Mettl Helped Mankind and HummingBird in Revving up their Recruitment Engines to Success

FreeCharge Goes Big on Digital Entertainment Space

GoDaddy Launches New Business Email Solution for Small Businesses in India

Australian Automotive Manufacturing Plants Shutting Down Operations

New data reveal high rates of stroke history in asymptomatic atrial fibrillation patients

Luxury Brand OMEGA Launches 1957 Trilogy Limited Edition Watches

ARM CEO Simon Segars Joins SoftBank Group Board of Directors

 
TRENDING TOPICS
 
 
 
CITY NEWS
MORE CITIES
INDIA WORLD ASIA
Train services resume in Kashmir...
1,180 pilgrims leave for Amarnath...
CBI books Delhi firm for providing fake ...
Modi Govt. visibly 'helpless' in solving...
Mamata Govt. knows there is no case agai...
BJP corners Congress over Ambika Soni, V...
More...    
 
 Top Stories
Rain ends dry spell in UP's Braj ar... 
Actively working towards clean poli... 
Don't think I'm a feature film dire... 
Rush-hour pollution may be more har... 
Mithali Raj's father confident that... 
India was funded by invisible money... 
Dowry death: Women burnt alive in E... 
Amarnath pilgrimage progressing smo...