2024 China Sustainable Palm Oil Forum Calls for Bold Action on Supply Chain Sustainability

July 10, 2024 11:18 PM AEST | By Cision
 2024 China Sustainable Palm Oil Forum Calls for Bold Action on Supply Chain Sustainability
Image source: Kalkine Media

Annual forum of RSPO Members in China underscored the key role of RSPO Certified sustainable palm oil in reducing greenhouse gas emissions and reaffirmed strong partnerships in driving China's sustainable market transformation.

NANJING, China, July 10, 2024 /PRNewswire/ -- The 2024 China Sustainable Palm Oil Forum (8th RSPO China Forum) strongly called for decisive action to enhance inclusivity and sustainability within the palm oil supply chain. Hosted at the Shangri-La Hotel in Nanjing, Jiangsu Province, the annual event highlighted the crucial role of RSPO Certified sustainable palm oil in reducing greenhouse gas emissions, introduced new sustainability initiatives, and emphasised the importance of strong partnerships to drive market transformation in China.

Certification award ceremony for new RSPO Members in China
Certification award ceremony for new RSPO Members in China

Co-organised by the China Chamber of Commerce of Foodstuffs and Native Produce and Animal By-products (CFNA) and the Roundtable on Sustainable Palm Oil (RSPO), the forum showcased the sustainability efforts of Chinese enterprises. It attracted significant participation from RSPO Members, government bodies, industry associations, financial institutions, research organisations, NGOs, and certification bodies. Discussions focused on shared responsibility within the palm oil supply chain, urging stakeholders to increase their commitment to sustainable production and trade practices.

Joseph D'Cruz, CEO of RSPO, emphasised the forum's role in raising awareness and promoting  certified sustainable palm oil (CSPO) in China. Celebrating RSPO's 20th anniversary, he highlighted the organisation's positive impacts over the past two decades, including s preserving over 300,000 hectares of forests within conservation areas, transitioning nearly five million hectares of palm oil landscapes to sustainable production, and certifying over 20% of total global production. He also stressed the value of local partnerships, including a five-year Memorandum of Understanding with CFNA, and reaffirmed RSPO's support for China's sustainability objectives. D'Cruz remarked, "By enhancing sustainability performance and demanding transparency, we can drive sustainable procurement and consumption of CSPO in China."

CFNA President Cao Derong expressed that "The food and agriculture system is a cornerstone of sustainable development. By adopting sustainable practices in the sourcing and processing of palm oil, China can position itself as a leader in building a global green value chain. Meanwhile, we are committed to strengthening global partnerships to address climate change and promote sustainable agriculture."

A significant highlight of the forum was the introduction of RSPO's new certification, trade, and traceability platform – prisma (Palm Resource Information and Sustainability Management). Designed to enhance trade efficiency and ensure compliance with global regulations, prisma aims to facilitate the adoption of certified sustainable palm oil among RSPO Members and regional market players.

Currently with over 400 RSPO members, China currently consumes approximately half a million tonnes of certified sustainable palm oil (CSPO) annually. Fang Lifeng, RSPO's Head of China, noted, "Initially led by multinational brands, efforts to promote sustainable palm oil practices in China have significantly evolved. Today, prominent Chinese listed companies and domestic brands are actively engaging in RSPO membership, showcasing their commitment to sustainability and enhancing their ESG performance. "

This year's forum serves as a platform for RSPO members to showcase their sustainability journeys. Building on the member case studies released by the RSPO China office last year, several outstanding RSPO member representatives shared their commitments regarding sustainable palm oil policies, strategies, and targets. They also presented their ongoing sustainable procurement efforts and plans, as well as their market communication initiatives. During the keynote speech, Zhu Chunxian, QA Director at Glico China, stated: "Glico products currently have the highest presence of RSPO Trademark in the domestic market. We hope this initiative can convey the significance of sustainability behind it to consumers, while also driving sustainable development in the industry."

The positive progress and actions demonstrated by these leading Chinese enterprises and supply chain companies clearly indicate that Chinese businesses are sending strong signals of sustainable demand to the market, upstream supply chain, and growers. This proactive approach is instrumental in driving sustainable production at the source. Participants also exchanged views on topics such as China's sustainable palm oil market strategy and its role in promoting global sustainable development.

The forum concluded with a strong call to action for all stakeholders to intensify efforts towards sustainable palm oil adoption. As China solidifies its position as one of the leading actors in the region, the outcomes of the 8th China Forum are poised to resonate globally, influencing sustainability practices across the palm oil industry.

About RSPO:
The Roundtable on Sustainable Palm Oil (RSPO) is a global partnership to make palm oil sustainable. Formed in 2004, the RSPO is a multi-stakeholder non-profit organisation that unites members from across the palm oil value chain, including oil palm producers, palm oil processors and traders, consumer goods manufacturers, retailers, banks and investors, environmental or nature conservation non-governmental organisations (NGOs), and social or developmental NGOs.

As a partnership for progress and positive impact, the RSPO facilitates global change to make the production and consumption of palm oil sustainable. To inspire change, we communicate the environmental and social benefits. To make progress, we catalyse collaboration. To provide assurance, we set the standards of certification.

The RSPO is registered as an international association in Zurich, Switzerland, with main offices in Malaysia and Indonesia, and offices in China, Colombia, Netherlands, United Kingdom and the United States. 


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (“Kalkine Media, we or us”), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content.
Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have made reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.


AU_advertise

Advertise your brand on Kalkine Media

Sponsored Articles


Investing Ideas

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.