FDBusiness.com

Unilever to source all palm oil from traceable sources by 2014

 Breaking News
  • Valeo Foods Acquires Tangerine Confectionery For £100 Million Valeo Foods Group, the acquisitive Irish and international food business, is reported to have purchased Tangerine Confectionery of the UK for £100 million (€112 million) from Blackstone Group. The deal adds popular UK confectionery brands such as Dip Dab, Fruit Salad and Blackjack to Valeo Foods Group’s growing portfolio, and will increase annual turnover to [...]...
  • Constellation Brands to Invest $4 Billion to Develop Canabis Market Constellation Brands, the North American and international alcoholic drinks group, is investing US$4 billion (C$5 billion) to increase its stake in Canopy Growth Corporation, a leading diversified cannabis company, to 38%. The significantly expanded strategic partnership will position Canopy Growth as the global leader in cannabis production, branding, intellectual property and retailing. As a result of [...]...
  • Brewing Up Authenticity, Vibrancy, and Sol With the hot summer months in full swing, beer lovers are reaching for their favorite cold brews to beat the heat. But as consumers venture down their grocer’s beer aisle, they are met with an onslaught of brands vying for attention in a sea of packaging. When MillerCoors recently relaunched the Mexican import brand Sol, they [...]...
  • Carlsberg Group Delivers Strong First Half Carlsberg Group has increased operating profit organically by 14.2% in the first half of 2018 with all three of its regions – Western Europe, Asia and Eastern Europe – delivering very solid performances. Organic net revenue growth was 5.1%. Reported operating profit rose by 6.0% to DKr4.373 billion (€586.5 million), impacted by negative currency factors [...]...
  • Levi Roots Caribbean Snack Pots Launched by Aimia Foods Aimia Foods is introducing to the market ‘Levi Roots Caribbean Snack Pots’, a range of On the Go Instant Snack Pots, that consumers simply add hot water to and stir for ease of preparation. Using natural, clean ingredients, the products have an authentic, home cooked taste and incorporate the Levi Roots Caribbean vibe, flavours and recipes. Michelle [...]...

Unilever to source all palm oil from traceable sources by 2014

Unilever to source all palm oil from traceable sources by 2014
November 13
09:55 2013

Unilever has made a pledge to buy all of its palm oil from known and traceable sources by the end of 2014, a part of its target to procure the controversial oil from certified sources by 2020.

Purchasing around 1.5 million tonnes of palm oil and its derivatives annually, which represents about 3% of the world’s total production, Unilever is one of the world’s major buyers of palm oil for use in products such as margarine, ice cream, soap and shampoo.

Because of its heavy palm oil use, the company was a founder member of the Roundtable on Sustainable Palm Oil (RSPO), which, since 2004, aims to promote the growth and use of sustainable palm oil through co-operation within the supply chain.

Unilever’s chief procurement officer Marc Engel stressed that market transformation is only possible if everyone involved takes responsibility and is held accountable for driving a sustainability agenda.

“Our progress has been made possible by the commitment and efforts of a number of our strategic suppliers. We will continue to engage with our suppliers, NGOs, governments, RSPO, end users and other industry stakeholders to develop collaborative solutions to halt deforestation, protect peat land, and to drive positive economic and social impact for people and local communities,” said Engel.

Many industries have come under fire recently for their use of palm oil and the impact it is having on tropical forests. In September, some of the biggest brands in skincare including Clarins, Estée Lauder and Superdrug, were linked to the destruction of tropical rainforests through the use of palm oil.

However, Unilever, and other heavy users of palm oil such as Nestle, have made strong commitments to improve palm oil procurement.

WWF’s Market Transformation Initiative director Richard Holland said: “Unilever’s 2014 commitment marks a very promising step on the continuing journey towards real market transformation to sustainable palm oil.

“Unilever’s role and actions have been instrumental on this journey so far. They helped us establish the RSPO in 2004 and have been closely involved in its development into a credible institution and standard,” added Holland.

About Author

colin

colin

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • September 5, 2018Int'l Food Products and Processing Technologies Exhibition (WorldFood Istanbul)
  • September 12, 2018Packaging Innovations & Luxury Packaging London 2018
  • September 15, 2018iba
  • September 25, 2018PPMA Show 2018
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements