A coalition of signatories to the Principles for Responsible Investment (PRI) has called on palm oil producers to improve practices with the aim of “decoupling palm oil production from deforestation.”
The PRI’s Sustainable Palm Oil Investor Working Group (IWG) calls on all palm oil producers to commit to ceasing deforestation, development on peat lands, and violations of human rights. The IWG noted in a statement that major producers including Wilmar International and Golden-Agri Resources have made strong commitments to this effect. IWG also stated support for other large producers understood to be working with palm oil purchasers on similar commitments on no deforestation, no development on peat and no exploitation of people, land and communities.
To read more of this article, please subscribe to The Sustainability Report
Latest posts by Rachel Alembakis (see all)
- Northern Trust opens Australia/NZ asset management office - April 17, 2015
- Community 21 issues shares after phase one capital raising - April 17, 2015
- Utilities sector face material ESG issues: Sustainalytics - April 17, 2015