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palm oil principles agreed

January 2006

Eight principles and nine criteria drawn up in Singapore by the Roundtable on Sustainable Palm Oil (RSPO) have now been adopted.

The standards cover many aspects of sustainability to ensure that production is environmentally desirable and socially beneficial while making economic sense.

They were ratified in Singapore at the third roundtable meeting of RSPO, which was formed by companies in the industry to promote the growth and use of sustainable palm oil through co-operation within the supply chain and consultation with stakeholders.

RSPO has 95 members representing a third of the world’s palm oil production and including some of the largest processors and manufacturers, many in the Asia Pacific region. Among the prominent members are Mitsubishi, the China National Cereals, Oils and Foodstuffs Corporation, the Indonesian Palm Oil Producers’ Association, and Malaysian Palm Oil Association. The roundtable was attended by more than 300 delegates from 28 countries involved in supply and production, and at least ten plantation companies committed themselves to pilot-test the principles and criteria during the next two years.

Andrew Ng, the RSPO secretary-general, said: ‘This is a major achievement, considering the RSPO was founded only less than two years ago. Without the goodwill of all stakeholders this would not have been possible.’




Further Information
http://www.rspo.org
ang@sustainable-palmoil.org
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