MARKET DEVELOPMENT
Yum! Promised to Improve its Palm Oil Sourcing Policy Starting 2017
Yum! Promised to Improve its Palm Oil Sourcing Policy Starting 2017
19/05/2015 (Investor Newswire) - The new policy sets December 2017 for putting up the latest safeguards when looking for palm oil sources. Yum! said it will only source palm oil from suppliers which set improvement in their carbon emission level and protect rainforests and peat terrains. The giant fast food restaurant will implement the new roles in all its operations down to the restaurant levels.
Greenpeace immediately praised the declaration, which led a crusade campaign in 2012 against the company’s paper pulp operation.
Rolf Skar, Forest Campaign Director at Greenpeace USA said that Greenpeace wants Yum! to ” define more clearly terms like ‘high carbon stock forest’ and ‘best management practices’ for peat lands in order to make sure change really happens on the ground.”
However, an advocacy organization called the Union of Concerned Scientists (UCS), on Wednesday gave a score card for the company, zero out of 100 rank on its palm oil policy, wanted Yum! to pledge much more that what is promising to do.
“Yum! Brands seems to have good intentions with its commitment. But palm oil is also a common ingredient in some the company’s baked goods and sauces, there the problem lies, products that are prepared by a third-party vendor, are not covered under the commitment. This is where the commitment loses effectivity,” said in a statement.
In any case, UCS’s Lael Goodman said the strategy would help a lot in upgrading Yum’s! environmental scorecard, take it away from the bottom part which it shares with Dairy Queen, Wendy’s, Carl’s Jr. and Domino’s.
“However, if Yum! Brands wants to be an environmental leader amongst fast food giants, the company should to extend the commitment to all forms of palm oil and bulk up its transparency efforts. Such transparency efforts include reporting the quantities of palm oil used and on the commitment’s implementation.”
Greenpeace immediately praised the declaration, which led a crusade campaign in 2012 against the company’s paper pulp operation.
Rolf Skar, Forest Campaign Director at Greenpeace USA said that Greenpeace wants Yum! to ” define more clearly terms like ‘high carbon stock forest’ and ‘best management practices’ for peat lands in order to make sure change really happens on the ground.”
However, an advocacy organization called the Union of Concerned Scientists (UCS), on Wednesday gave a score card for the company, zero out of 100 rank on its palm oil policy, wanted Yum! to pledge much more that what is promising to do.
“Yum! Brands seems to have good intentions with its commitment. But palm oil is also a common ingredient in some the company’s baked goods and sauces, there the problem lies, products that are prepared by a third-party vendor, are not covered under the commitment. This is where the commitment loses effectivity,” said in a statement.
In any case, UCS’s Lael Goodman said the strategy would help a lot in upgrading Yum’s! environmental scorecard, take it away from the bottom part which it shares with Dairy Queen, Wendy’s, Carl’s Jr. and Domino’s.
“However, if Yum! Brands wants to be an environmental leader amongst fast food giants, the company should to extend the commitment to all forms of palm oil and bulk up its transparency efforts. Such transparency efforts include reporting the quantities of palm oil used and on the commitment’s implementation.”