Saturday, April 7, 2012

The Onus is on Big Business

It appears that there can be environmentally friendly palm oil after all. Howevever, the following reports suggest that the onus is ultimately on the corporations that purchase high volumes of palm oil.

"At the moment, demand for certified palm oil is only 1% of the [produced] volume, so this has been disappointing for the growers and we feel the food companies should keep their end of the promise," said Lee Yeow Chor, executive director of Malaysia's second-largest palm oil producer, IOI Corp. Bhd.
From "Backers Don't Buy 'Friendly' Palm Oil", The Wall Street Journal


The WWF praised companies including Nestle, Unilever, IKEA, Carrefour, Tesco, Morrisons, Sainsbury's and Cadbury for being responsible in how they purchase significant volumes of palm oil.

But overall, nearly half of retailers and more than 20 percent of manufacturers surveyed scored very poorly, the WWF said. The survey focuses on the main palm oil markets in Europe, Japan and Australia.
From "WWF: More firms should buy eco-friendly palm oil", The Boston Globe

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