MARKET DEVELOPMENT
PALM OIL: NGO Applauds Corporate Move
PALM OIL: NGO Applauds Corporate Move
02/05/2014 (Xperedon Charity News) - The American corporation Procter & Gamble has agreed to new sustainability targets to safeguard rainforests, setting a goal of no deforestation across its entire palm supply chain.
The consumer goods company that includes international brands such as Gillette and Head & Shoulders, says it will also commit to working with local farmers to improve practices.
“P&G’s commitment to no deforestation in its palm supply chain is unequivocal... says Len Sauers, P&G Vice President of Global Sustainability.
“Our aim is to develop effective long-term solutions to the complicated issue of palm oil sustainability.
“We are committed to driving positive change throughout the entire supply chain, not just for us, but for the industry and for the small farmers who depend on this crop...”
The company says already, 100 per cent its purchased palm oil is certified by Roundtable for Sustainable Palm Oil (RSPO) standards.
However, the company’s new goals call for ensuring no deforestation in its entire palm supply chain including specific commitments like establishing traceability of palm oil and palm kernel oil to supplier mills by December 31, 2015....
The move follows long-term campaigning by environmental groups, including Greenpeace that has welcomed the announcement as the latest major palm oil business commitment to improve sustainability...
Such commitments are being shown to have an impact on business credibility as well as benefiting society, as in this case making progress towards environmental sustainability...
Rainforests are crucial oxygen producers and are home to vital and substantial carbon resources, plus two thirds of the planet’s wildlife...
Reversing deforestation is seen as essential in order to halt man-made climate change...
Greenpeace International’s Areeba Hamid described the multinational’s commitment as “another step towards responsible supply chains and ending deforestation in the world’s rainforests...
“Hundreds of thousands of people across the planet have called on P&G to get rid of palm oil that is leaving tigers and orangutans homeless...” she says.
The announcement has been seen as the latest in a shifting culture towards Corporate Social Responsibility (CSR) and Creating Shared Value (CSV) among large multinationals, that has occurred at least in part to the campaigning efforts of environmental groups and charities....
Such sustainability changes have the potential for significant impact by creating value within supply chains for stakeholders...
As well as supporting conservation, investing in local farmers to support sustainability can make a difference in terms of fair trade and livelihoods...
Greenpeace says the development follows on from other major palm oil traders who have seen the light and committed to no deforestation in their supply chains, including L’Oreal, Colgate-Palmolive, Wilmar and GAR...
The move towards responsibly traded palm oil is also due to the demands of consumers, who are becoming increasingly aware about the negative impact of deforestation...
Consequently in growing numbers they want forest friendly products that provide a fair livelihood to local farmers, and help protect the environment...
It’s a development that benefits everyone, consumers, producers, business and the planet...
The consumer goods company that includes international brands such as Gillette and Head & Shoulders, says it will also commit to working with local farmers to improve practices.
“P&G’s commitment to no deforestation in its palm supply chain is unequivocal... says Len Sauers, P&G Vice President of Global Sustainability.
“Our aim is to develop effective long-term solutions to the complicated issue of palm oil sustainability.
“We are committed to driving positive change throughout the entire supply chain, not just for us, but for the industry and for the small farmers who depend on this crop...”
The company says already, 100 per cent its purchased palm oil is certified by Roundtable for Sustainable Palm Oil (RSPO) standards.
However, the company’s new goals call for ensuring no deforestation in its entire palm supply chain including specific commitments like establishing traceability of palm oil and palm kernel oil to supplier mills by December 31, 2015....
The move follows long-term campaigning by environmental groups, including Greenpeace that has welcomed the announcement as the latest major palm oil business commitment to improve sustainability...
Such commitments are being shown to have an impact on business credibility as well as benefiting society, as in this case making progress towards environmental sustainability...
Rainforests are crucial oxygen producers and are home to vital and substantial carbon resources, plus two thirds of the planet’s wildlife...
Reversing deforestation is seen as essential in order to halt man-made climate change...
Greenpeace International’s Areeba Hamid described the multinational’s commitment as “another step towards responsible supply chains and ending deforestation in the world’s rainforests...
“Hundreds of thousands of people across the planet have called on P&G to get rid of palm oil that is leaving tigers and orangutans homeless...” she says.
The announcement has been seen as the latest in a shifting culture towards Corporate Social Responsibility (CSR) and Creating Shared Value (CSV) among large multinationals, that has occurred at least in part to the campaigning efforts of environmental groups and charities....
Such sustainability changes have the potential for significant impact by creating value within supply chains for stakeholders...
As well as supporting conservation, investing in local farmers to support sustainability can make a difference in terms of fair trade and livelihoods...
Greenpeace says the development follows on from other major palm oil traders who have seen the light and committed to no deforestation in their supply chains, including L’Oreal, Colgate-Palmolive, Wilmar and GAR...
The move towards responsibly traded palm oil is also due to the demands of consumers, who are becoming increasingly aware about the negative impact of deforestation...
Consequently in growing numbers they want forest friendly products that provide a fair livelihood to local farmers, and help protect the environment...
It’s a development that benefits everyone, consumers, producers, business and the planet...