2015 saw GreenPalm register a record number of trades through the platform. The final volume closed at 3,867,427 certificates, each certificate representing one metric ton of RSPO certified production. The final volume added over 400,000 certificates onto the total amount traded during 2014. The GreenPalm option continues to play a vital role connecting RSPO certified mills and smallholders who are unable to ship their certified production via established physical supply chain routes to the demand markets, such as Europe and the US. The number of new RSPO smallholder projects is still very low. GreenPalm has worked with every new group in providing them with a route to market. We are pleased to AAK sustainable palm oil commitments AAK’s Sustainable Palm Oil Policy has been developed significantly over the past year, with contributions from various stakeholders. In a dynamic environment, commitments from customers and suppliers relating to sustainable palm oil have seen parallel development. AAK’s policy is consistent with a wider market move, and puts AAK at the forefront of palm sustainability. AAK’s policy is founded on the following pillars: support for the Roundtable on Sustainable Palm Oil (RSPO) traceability no deforestation no development of peatland free, prior and informed consent (FPIC) AAK has clear definitions for traceability, peatland development and FPIC. For deforestation and FPIC we rely on RSPO definitions, supplementing the High Conservation Value (HCV) RSPO definition used for deforestation with High Carbon Stock (HCS), but mindful that there is as yet no common industry definition of HCS. Until a common framework has been developed, AAK will apply the HCS framework and identification tool that have been developed by Greenpeace and others. We seek constantly to improve our policy as further issues and demands emerge, at the same time being mindful that implementation is even more important than words. AAK’s progress report on sustainable palm oil – August 2015 The Co-Development Company AAK’s progress report on sustainable palm oil – February 2016 The Co-Development Company AAK’s progress report on sustainable palm oil – August 2016 The Co-Development Company ” 2015 – a record year for GreenPalm 20 report that every ton of volume that was made available to trade through GreenPalm found a buyer. The average price of Independent Smallholder Palm certificates was also revealed to the marketplace to encourage more smallholder groups to become certified. The average smallholder certificate price was USD 14.28, a significantly higher premium than the standard palm certificate value. GreenPalm continues to innovate and provide an important option for RSPO certified growers and those businesses that want to support them. Bob Norman General Manager GreenPalm AAK’s policy is to communicate progress as a minimum annually in our Corporate Social Responsibility report. However, we report more frequently as appropriate. AAK’s progress reports and palm oil policy can be found at www.aak.com under Documentation/Policies.
To see the actual publication please follow the link above