The purpose of this Forest Sustainability Knowledge Hub is to share news, reports and other content on the latest developments to stakeholders in the forest risk commodity supply chain, to help stakeholders share, co-create, research and build capacity to enhance the application of sustainable palm oil certified products and other forest friendly certified products, and ultimately to promote the industry and reduce deforestation risks.
Republic reported on July 1st that India has lifted the Nepalese palm oil export ban since June last year. India's move paved the way for Nepalese exporters to resume business. The General Directorate of Foreign Trade of the Ministry of Commerce and Industry of India issued an announcement on Wednesday to lift the restriction, which will be valid until the end of 2021.
Keywords: India, Nepal, Nepalese palm oil export ban
The Malaysian Sustainable Palm Oil (MSPO) certification is currently in the final stage of revision and is expected to be completed by the end of 2021 or early 2022. The revised MSPO certification is expected to have new standards, including the latest sustainability requirements and practices.
Keywords: RSPO, sustainable palm oil, Malaysia
Original title: MSPO certification at final stage of revision, expected to be ready soon | The Edge Markets
On August 9, Indian Prime Minister Narendra Modi announced a new national initiative on palm oil production. The initiative is called the National Edible Oil Mission-Oil Palm (NMEO-OP) and aims to make India a center of edible oil production.
Keywords: India, NMEO-OP
Original title: PM Modi’s palm oil initiative to usher an Aatmanirbhar Bharat | News ON AIR
Indonesia is home to the third largest tropical forest in the world and the largest palm oil producer. A three-year ban on plantation permits issued by the country will expire in September this year. However, environmentalists say that Indonesia should permanently ban the issuance of new palm oil plantation permits to advance the process of tackling deforestation and meet its climate goals.
Keywords: Indonesia, palm oil plantation
Original title: To hit climate goals, Indonesia urged to ban new palm oil plantations forever | Eco-Business
BASF released the fifth edition of the "Palm Progress Report" and promised to realize that all palm oil and palm kernel oil purchased will be certified by the Sustainable Palm Oil Round Table Initiative (RSPO) from 2020, and palm oil and palm kernel oil will be realized by 2025 Certified procurement of important intermediates (such as fatty alcohols, fatty acids, etc.) as raw materials.
In order to raise consumers' awareness of the complexity of sustainability issues in the palm oil supply chain, Nestlé launched the“Beneath the Surface”interactive video platform on August 11, allowing viewers to directly experience Nestlé's Some challenges in sourcing palm oil.
Keywords: Consumer participation, palm oil, sustainable purchasing, video platform, Nestlé
Original title: Nestlé launches palm oil consumer platform | food and drink technology
Sime Darby Plantation is expected to complete the WRO assessment issued by the U.S. Customs and Border Protection Agency in early 2022. Hong Leong Investment Bank (HLIB) analyst Chye Wen Fei said that other important information in the plantation's briefing shows the challenges facing the plantation.
Adani Wilmar, India's largest palm oil importer and retailer, is inviting the public to buy shares in the company. According to media reports, this "initial public offering" (IPO) is aimed at expanding the company's business, repaying debt and acquiring other industry participants.
Keywords: Adani Wilmar, IPO, palm oil
Original Title: Adani’s palm-oil IPO a potential threat to water, farmers, tribal lands and wildlife | AdaniWatch
The RSPO Council has formally approved the revised "RSPO2021 New Planting Procedure 2021" (NPP2021) to ensure consistency with the updated RSPO Principles and Standards (P&C) of 2018, and to improve NPP requirements and the clarity of procedures.
Keywords: RSPO, new planting procedures in 2021, RSPO principles and standards (P&C) in 2018
Original title: RSPO New Planting Procedure 2021 Improves Guidance for Smallholders | Roundtable on Sustainable Palm Oil
The global population surge has brought many challenges including food shortages, water shortages, climate change and the spread of epidemics. As the amount of available resource storage continues to decline, these problems will become more severe. In this context, the Council of Palm Oil Producing Countries (CPOPC) believes that sustainable palm oil will play a key role in solving future food security issues.
The Sustainable Palm Oil Roundtable Initiative (RSPO) officially launched the RSPO Hotspot Center platform to further strengthen the fire protection of palm oil plantations in Indonesia and Malaysia. The Hotspot Center is supported by advanced satellite technology and is a free interactive digital platform that provides near real-time information on hotspots and potential fires detected within and outside the RSPO concession area.
Keywords: RSPO, hotspot hub, forest fire prevention, palm oil plantation
Original title: Hotspot Hub — RSPO strengthens fire prevention with satellite technology | Roundtable on Sustainable Palm Oil
Although palm oil has positive meanings, it is also related to deforestation and greenhouse gas emissions. To solve these problems, the major palm oil producing countries Indonesia and Malaysia are actively promoting sustainable palm oil production and transitioning to net zero emissions.
Keywords: palm oil, sustainable, net zero emissions
Original title: How the palm oil industry is transitioning to net-zero | world economic forum
As the deadline for the UN's 2030 Sustainable Development Goals approaches, Credit Suisse believes that the palm oil industry lacks commercially available alternatives and investment will be the best way out for its sustainable transformation.
About this newsletter: This newsletter has been prepared by SynTao as part of the CDP Sustainable Palm Oil Project. We would like to thank CDP for their active participation in the preparation of this publication.
Disclaimer: The information used in this newsletter has been sourced from the internet and the views expressed in the information do not represent the personal opinions of the editor. All rights reserved. If there is any infringement, please contact us.
Feedback: Feel free to give us your feedback or suggestions, see below for contact details.