Responsible Purchasing of Palm Oil: A guide for manufacturers and retailers
Responsible palm oil purchasing guide for business
Many products found on retail shelves contain palm oil - chocolate, baked goods, processed foods, cosmetics, pharmaceuticals, detergents and many others. Palm oil is a highly efficient crop and versatile oil, accounting for 65% of all vegetable oil traded internationally. Global production of palm oil has increased tenfold since 1980 and the impacts of this rapid expansion have been both positive and negative. On the one hand, oil palm has contributed to unprecedented economic growth and rural development especially in Southeast Asia. On the other hand, it has been a major driver of deforestation, destroying the habitats of critically endangered species, displacing local communities and contributing to harmful climate change. Palm oil buyers have a key role in ensuring that the future expansion of the industry has only positive impacts.
By purchasing certified sustainable palm oil (CSPO) from responsible growers, companies can help stop the destruction of forests in Southeast Asia (the source of 85% of the world’s palm oil), Africa and Latin America. CSPO is palm oil that has been produced in plantations that are developed and managed according to robust environmental, social and economic standards. By buying CSPO, manufacturers and retailers reinforce the incentives for their suppliers, and the palm oil growers they buy from, to act more sustainably. This guide is designed to help businesses understand the issues around palm oil production and to take steps towards using sustainable palm oil.