Producers who joined the scheme have earned an additional $2.1M in the programme’s first year, in return for meeting strict sustainability guidelines set out by the Roundtable on Sustainable Palm Oil (RSPO).
With GreenPalm, there is no need to change or replace a company’s existing supply chain. This is how it works …
Palm oil producers which have gained RSPO certification are invited to register a quantity of their output with the GreenPalm programme. They are awarded one GreenPalm certificate for each tonne of palm oil which has been sustainably produced. They can then put those certificates up for sale on the GreenPalm web based trading platform: www.greenpalm.org
Any company that makes or sells products that contain palm oil, and wishes to show support for sustainable palm oil production, can bid for and buy the certificates. This helps consumers make informed choices when shopping for ethically produced goods.
The palm oil itself is sold, processed and purchased in the usual way. Of course raising $2.1M would not have been possible if purchasers had not begun to buy GreenPalm certificates. No fewer than– retailers and manufacturers have already redeemed GreenPalm certificates – and you can check out who by visiting the ‘Redeemed Certificate Owners’ page in ‘The market’ section of www.greenpalm.org.
Membership of GreenPalm is continuing to rise. More than 60 companies have signed up, from major manufacturers and retailers to food service giants. To check who is a member, visit the ‘GreenPalm Members’ page of ‘The market’ section of www.greenpalm.org.
GreenPalm is suitable for any company that sells or makes items containing palm oil or palm kernel oil. For some organisations, GreenPalm is the only feasible supply chain option that is endorsed by the RSPO.
Before palm oil reaches retailers and manufacturers, in more than three out of five cases it is processed into fractions, blends and derivatives. Segregating the product for further processing would normally cost far more than buyers would be prepared to pay. Until this changes, GreenPalm’s certificate trading initiative offers many organisations the only a commercially viable way to support sustainability.
A key benefit of GreenPalm is that is does not reward only the producers whose output is exported, but also the smallholders whose product is consumed locally, giving all producers an incentive to operate sustainably. And every certificate bought includes a $1 donation to the RSPO to support its important work. So far, this has raised more than $180,000.
Interested in joining GreenPalm? Then visit www.greenpalm.org or call Bob Norman on +44 (0)–82 332013 or +44 (0) 7776–4731.
