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Grocery giant commits zero-deforestation policy for palm oil sourcing

2014-03-26 00:59:00| Climate Ark Climate Change & Global Warming Newsfeed

Mongabay: Safeway has become the latest company to establish a policy that excludes deforestation-linked palm oil from its products. Safeway Inc. (NYSE: SWY), the second biggest U.S. grocery chain, made the commitment in response to a shareholder proposal by the New York State Common Retirement Fund. In exchange for the fund withdrawing its sustainable palm oil shareholder proposal, Safeway will ask its suppliers to implement social and environmental criteria that ensure the palm oil it uses in branded...

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