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Tag: palm oil
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...
Progressive palm oil group opens door companies, NGO adopting zero deforestation policies
2014-03-12 21:20:00| Climate Ark Climate Change & Global Warming Newsfeed
Mongabay: The Palm Oil Innovation Group (POIG), an alliance formed last year, has opened its doors to new members who commit to social and environmental safeguards that go beyond the Roundtable on Sustainable Palm Oil (RSPO) eco-certification standard. Founding members of POIG include three palm oil producers - Brazil-based Agropalma, Colombia-based DAABON, and Papua New Guinea-based New Britain Palm Oil - and four non-profits: WWF, Rainforest Action Network (RAN), Forest Peoples Programme and Greenpeace....
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Palm oil corporations blamed as smog chokes Indonesia
2014-03-07 09:51:00| Climate Ark Climate Change & Global Warming Newsfeed
RTCC: Fires in Indonesia are destroying large areas of forest on land owned by lumber and palm oil companies, casting further attention on western companies that buy commodities from the affected regions. The fires, which have been burning since late February, have emitted a blanket of smog, which has triggered respiratory problems in more than 30,000 people, according to local reports. Sutopo Purwo Nugroho, a spokesperson at Indonesias National Disaster Management Agency, said that causes of pneumonia,...
Tags: oil
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Over 50% of world's palm oil bound by zero deforestation commitments
2014-03-03 20:27:00| Climate Ark Climate Change & Global Warming Newsfeed
Mongabay: Over half the world's palm oil traded internationally is now bound by zero deforestation commitments after Singapore-based Golden-Agri Resources (GAR) extended its forest conservation policy across all palm oil it produces, sources and trades. In a filing posted Friday Singapore Stock Exchange, GAR announced its breakthrough forest conservation policy - which when established in 2011 was the first by a palm oil major - now applies to all the palm oil it trades. "Golden Agri-Resources (GAR)...
Can palm oil move past its bad reputation?
2014-03-02 22:13:00| Climate Ark Climate Change & Global Warming Newsfeed
Mongabay: Indonesias palm oil industry has gained a notorious reputation in recent years. Palm oil companies are routinely accused of clearing primary forests, destroying the habitats of endangered species, releasing massive amounts of carbon by draining peat swamps and fueling land conflicts with local communities. In the face of this widespread criticism, some palm oil companies are exploring ways to clean up their operations by implementing innovative programs to minimize harm to the environment and...
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