FDBusiness.com

GreenPalm certificates: Traceable back to individual certified oil palm mills

 Breaking News
  • Kerry Group Benefits From Unique Business Model Kerry Group, the global taste, nutrition and consumer foods business, has reported a 3.1% increase in revenue to €6.6 billion for the year ended 31 December 2018, reflecting strong volume growth and contribution from acquisitions, partially offset by adverse currency movements. Business volumes grew by 3.5% and pricing decreased by 0.5% against a backdrop of [...]...
  • Premier Foods Discontinues Ambrosia Sale Process Premier Foods has decided not to proceed with the potential disposal of its Ambrosia brand. A number of parties expressed interest in the business, and since the New Year Premier Foods has been engaged in detailed discussions with a small group of potential buyers. However, the Premier borad has concluded that in the present business [...]...
  • Heineken Maintains Strong Top Line Growth in 2018 Heineken achieved organic net revenue growth of 6.1% to €22.471 billion in 2018, with a 4.0% increase in total consolidated volume and a 2.0% increase in revenue (beia) per hectolitre. Operating profit (beia) rose organically by 6.4% to €3.868 billion but the operating profit margin (beia) slipped by 17 bps to 17.2%. Net profit for [...]...
  • Another Year of Progress For Nestlé Nestlé has reported a 2.1% increase in sales to SFr91.4 billion (€80.6 billion) for 2018 with organic growth of 3% and group RIG of 2.5%, which was at the high end of the food and beverage industry, helped by faster innovation and successful new product launches. 2018 organic growth was supported by stronger momentum in [...]...
  • Fast-growing Asia Maternal Nutrition Market to Boost Demand For Dairy ingredients and Formula Maternal nutrition is a hot new opportunity in emerging markets, according to the latest report from food and drink experts, Zenith Global. In many parts of Asia, the concept of optimal nutrition during the first 1,000 days of a baby’s life (from conception to two years old) is capturing the attention of mothers and their [...]...

GreenPalm certificates: Traceable back to individual certified oil palm mills

February 26
11:13 2016

palmoilGreenPalm, the certificate trading system that supports sustainable oil palm production, has introduced certificate traceability back to the individual originating certified mill for the 2016 market.

The move is in response to a resolution adopted by the General Assembly of the Roundtable on Sustainable Palm Oil (RSPO), asking for traceability back to the mills linked to the Book & Claim, segregated and mass balance supply chain systems. The resolution was proposed by Unilever, one of the world’s biggest buyers of oil palm products.

GreenPalm, operators of the Book & Claim system that enables buyers to offset palm purchases by buying certificates representing an equivalent volume of certified product, is the first non-physical supply chain option to implement such traceability system-wide.

Bob Norman, general manager of GreenPalm, said: “We’ve listened, reacted and introduced traceable certificates for the 2016 market.

“Currently, businesses have to work with their oil palm suppliers to devise traceability systems as there is no automatic method of tracing palm product purchases back to the originating mill. GreenPalm is the first non-physical supply chain option to link every purchase back to its source, giving the mill’s name and location so that every buyer of certificates will know which certified mill it is supporting.

“The need to expand sustainable practices in oil palm production is urgent. It is not about which product contains physical sustainable palm oil, but what is being done to support producers to work responsibly and to certified standards.

“GreenPalm was initially regarded as a stepping stone to sourcing sustainable oil palm. Now, many regard it as the only fully inclusive supply chain that is open to every certified grower.

“Forty per cent of the world’s palm oil is produced by smallholders and independent producers, a high proportion of whom do not generally have a route to export or who sell to markets where there is limited demand for sustainability. They cannot benefit from overseas demand for segregated physical supplies, but they can be supported for their efforts via GreenPalm. Without GreenPalm, they are cut out of the global drive for sustainability.”

GreenPalm membership includes manufacturers, retailers and certified growers from across the world. GreenPalm publishes the latest information regarding its members and growers, as well as real-time data about certificates traded and market data for all to see on its website at http://greenpalm.org/.

About Author

admin

admin

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • June 18, 2019Multimodal 2019
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements