Because the oil palm can only be cultivated in tropical areas of Asia, Africa and South America, there are environmental, social and economic pressures on its rapid expansion. In order for EPO to continue to be an attractive proposition for investors in the global palm oil market and within its supply chain, and to make a positive environmental and social investment where we operate, we must ensure that we adhere to the highest possible sustainability standards. The Company, through KLK, its JV partner, is a member of the international body tasked with promoting sustainable palm oil production. This is a core aspect of the Company’s activities.
The RSPO is a not-for-profit that unites stakeholders from the 7 sectors of the palm oil industry: oil palm producers, processors or traders, consumer goods manufacturers, retailers, banks/investors, and environmental and social non-governmental organisations (NGOs), to develop and implement global standards for sustainable palm oil.
The RSPO has developed a set of environmental and social criteria which companies must comply with in order to produce Certified Sustainable Palm Oil. When they are properly applied, these criteria can help to minimize the negative impact of palm oil cultivation on the environment and communities in palm oil-producing regions.
The RSPO has more than 3,000 members worldwide who represent all links along the palm oil supply chain. They have committed to produce, source and/or use sustainable palm oil certified by the RSPO.
These principles, together with the forty-three supporting criteria defined by RSPO, are recognised as being the most stringent global standards for sustainable palm oil production and demonstrate the Company’s commitment to being a leader in industry best practice. In order to do this, it has appointed key personnel on the ground to ensure that the Company will meet all the principles of the RSPO and review its performance regularly.