{"id":662,"date":"2020-09-28T09:39:44","date_gmt":"2020-09-28T09:39:44","guid":{"rendered":"http:\/\/eos.co.id\/main\/?p=662"},"modified":"2020-09-28T09:39:48","modified_gmt":"2020-09-28T09:39:48","slug":"asian-palm-giants-say-sustainability-is-the-new-business-norm","status":"publish","type":"post","link":"https:\/\/eos.co.id\/main\/uncategorized\/asian-palm-giants-say-sustainability-is-the-new-business-norm\/","title":{"rendered":"Asian palm giants say sustainability is the new business norm"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"855\" height=\"561\" src=\"http:\/\/eos.co.id\/main\/wp-content\/uploads\/2020\/09\/image-4.png\" alt=\"\" class=\"wp-image-663\" srcset=\"https:\/\/eos.co.id\/main\/wp-content\/uploads\/2020\/09\/image-4.png 855w, https:\/\/eos.co.id\/main\/wp-content\/uploads\/2020\/09\/image-4-300x197.png 300w, https:\/\/eos.co.id\/main\/wp-content\/uploads\/2020\/09\/image-4-768x504.png 768w\" sizes=\"(max-width: 855px) 100vw, 855px\" \/><figcaption>FILE PHOTO: A worker unloads palm oil fruit bunches at a factory in Tanjung Karang, Malaysia August 14, 2020. REUTERS\/Lim Huey Teng\/File Photo<\/figcaption><\/figure>\n\n\n\n<p>By&nbsp;<a href=\"https:\/\/www.reuters.com\/journalists\/mei-mei-chu\" target=\"_blank\" rel=\"noreferrer noopener\">Mei Mei Chu<\/a><\/p>\n\n\n\n<p>3 MIN READ<\/p>\n\n\n\n<p>KUALA LUMPUR (Reuters) &#8211; Palm oil companies, which have faced criticism in recent years of widespread deforestation, said on Monday that ensuring sustainability across the supply chain was the new business norm as scrutiny on responsibly produced palm oil mounts.FILE PHOTO: A worker unloads palm oil fruit bunches at a factory in Tanjung Karang, Malaysia August 14, 2020. REUTERS\/Lim Huey Teng\/File Photo<\/p>\n\n\n\n<p>In an online conference, plantation companies with estates in top producers Indonesia and Malaysia said supply chain traceability, and policies surrounding no deforestation, no planting on peatland and no exploitation were now a standard requirement from major global buyers such as Nestl\u00e9 and Unilever.<\/p>\n\n\n\n<p>\u201cSustainability is the new business as usual,\u201d said Perpetua George, Wilmar International\u2019s Group Sustainability General Manager. \u201cIf a company like Wilmar wants to remain globally relevant, it is important to maintain sustainability as part of the business.\u201d<\/p>\n\n\n\n<p>Cheap and versatile, palm oil is found in products ranging from pizza to lipstick but the $60 billion industry in Southeast Asia has faced an intense backlash and even consumer boycotts for clearing biodiversity-rich rainforests for palm cultivation.<\/p>\n\n\n\n<p>The European Union, the third largest palm importer, has already decided to phase out palm-based transport fuels from its consumption of renewables by 2030 and is expected to set new rules on the use of palm oil in food.<\/p>\n\n\n\n<p>Britain is also considering a new law that would fine companies that uses commodities grown on illegally deforested land.<\/p>\n\n\n\n<p>With satellite technology making the monitoring of deforestation publicly accessible, the level of scrutiny is high and deforestation is not acceptable to stakeholders, the sustainable-certified palm companies said.<\/p>\n\n\n\n<p>\u201cDemand for physical certified sustainable palm oil has also been on an increase year-on-year,\u201d said Sime Darby Plantation sustainability head Rashyid Redza Anwarudin.<\/p>\n\n\n\n<p>Malaysia\u2019s Sime, the world\u2019s largest producer of sustainable palm oil, added that international and local investors such as the central bank and Securities Commission also have increasing commitments around climate change.<\/p>\n\n\n\n<p>\u201cTaking [climate] action is not optional and we have set a bold path forward to ensure sustainability across the supply chain,\u201d said Cargill Tropical Palm\u2019s Group Sustainability Manager Yunita Widiastuti.<\/p>\n\n\n\n<p>Reporting by Mei Mei Chu; editing by David Evans<\/p>\n\n\n\n<p>Our Standards:\u00a0<a href=\"http:\/\/thomsonreuters.com\/en\/about-us\/trust-principles.html\">The Thomson Reuters Trust Principles.<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.reuters.com\/article\/us-malaysia-palmoil-idUSKBN2651MU\">https:\/\/www.reuters.com\/article\/us-malaysia-palmoil-idUSKBN2651MU<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By&nbsp;Mei Mei Chu 3 MIN READ KUALA LUMPUR (Reuters) &#8211; Palm oil companies, which have &hellip; <a href=\"https:\/\/eos.co.id\/main\/uncategorized\/asian-palm-giants-say-sustainability-is-the-new-business-norm\/\" class=\"more-link\"><span class=\"more-button\">Continue Reading<span class=\"screen-reader-text\">Asian palm giants say sustainability is the new business norm<\/span><\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/eos.co.id\/main\/wp-json\/wp\/v2\/posts\/662"}],"collection":[{"href":"https:\/\/eos.co.id\/main\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eos.co.id\/main\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eos.co.id\/main\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eos.co.id\/main\/wp-json\/wp\/v2\/comments?post=662"}],"version-history":[{"count":1,"href":"https:\/\/eos.co.id\/main\/wp-json\/wp\/v2\/posts\/662\/revisions"}],"predecessor-version":[{"id":664,"href":"https:\/\/eos.co.id\/main\/wp-json\/wp\/v2\/posts\/662\/revisions\/664"}],"wp:attachment":[{"href":"https:\/\/eos.co.id\/main\/wp-json\/wp\/v2\/media?parent=662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eos.co.id\/main\/wp-json\/wp\/v2\/categories?post=662"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eos.co.id\/main\/wp-json\/wp\/v2\/tags?post=662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}