Results for tag: "Sustainable Palm Oil"

The Sustainable Palm Oil market is a sector within the broader oils and fats industry that specifically focuses on producing palm oil in an environmentally and socially responsible manner. Palm oil is an edible vegetable oil derived from the fruit of the oil palms, and it is one of the most widely produced oils worldwide. Traditional palm oil production has often been associated with deforestation, habitat degradation, climate change, and violations of social rights, which has led to the push for sustainable practices. The Roundtable on Sustainable Palm Oil (RSPO) was established to promote the growth and use of sustainable palm oil products through credible global standards. Additionally, companies are increasingly adopting "zero deforestation" policies and are engaging in traceable supply chain processes to ensure sustainability. Certification schemes and regulations play a pivotal role in the market, as they provide assurance to consumers and stakeholders regarding the sustainability credentials of the palm oil being purchased. Some prominent companies in the Sustainable Palm Oil market include Wilmar International Limited, Sime Darby Plantation Berhad, Golden Agri-Resources Ltd, IOI Corporation Berhad, and Bunge Limited. These companies are actively involved in producing and supplying sustainable palm oil and have made commitments to uphold environmental and social standards throughout their operations. Show Less Read more