FGV produces Malaysia's first EUDR-compliant crude palm kernel oil
08/08/2024 (New Straits Time), Kuala Lumpur - FGV Holdings Bhd cements its commitment to sustainable practices with the first production of its European Union Deforestation Regulation (EUDR) compliant crude palm kernel oil (CPKO).
This marks another milestone for FGV as one of the first Malaysian companies to produce EUDR-compliant CPKO.
FGV group chief executive officer Datuk Nazrul Mansor said the production of EUDR-compliant CPKO marks a major advancement for the company's operations and underscores its dedication to meeting stringent global environmental and social standards.
"This achievement will positively impact our bottom line over time and reflects our proactive approach to environmental stewardship and our commitment to sustainable palm oil production," Nazrul said in a statement.
CPKO is primarily used in food and personal care products including non-dairy ice cream, margarine, chocolate, confectionery, soap and detergent.
The EUDR is a legislative framework aimed at ensuring that products imported into the European Union (EU) are free from deforestation and forest degradation activities.
FGV said its ability to produce EUDR-compliant CPKO for clients worldwide showcases its dedication to upholding global sustainability standards and regulatory compliance.
"We aim to expand the network of our business partners from amongst the smallholders.
"This in turn will generate better economic opportunities for them, and further enhance collective sustainability efforts of the Malaysian palm oil industry," Nazrul said.