I still have 1 incomplete post of the monthly production of FFB for my shortlisted palm oil companies, TDM. However, today I come across a terms in this week’s “The Edge” which is really new to me, RSPO, or so called Roundtable on Sustainable Palm Oil.
Basically RSPO is a non-profit association promoting the growth and use of sustainable oil palm products through credible global standards and engagement of stakeholders.
To my knowledge, palm oil is just a plantation industry which should have no much side effects to our mother nature. I’m wrong. Palm oil industries is really a new area for me to explore. Now i only noticed that palm oil industrial also having GHG (greenhouse gas) criteria which being pushed by the RSPO. It does affect the revenues for palm oil companies to comply with those standards. However, this should be the social responsibility for all plantation companies.
Below are some of the explanation why should we use sustainable palm oil, please refer to RSPO for original posting.
Development of new plantations has resulted in the conversion of large areas of forests with high conservation value and has threatened the rich biodiversity in these ecosystems. Use of fire for preparation of land for oil palm planting has been reported to contribute to the problem of forest fires in the late 1990s. The expansion of oil palm plantations have also given rise to social conflicts between the local communities and project proponents in many instances.
I did a quick check on TDM’s 2008 annual report and actually it did mentioned that the company take great effort to meet the principles and criteria prescribed by the Roundtable on Sustainable Palm Oil (“RSPO”) covering the social and
environmental development requirements for the production and use of sustainable palm oil.