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First Resources the latest palm oil giant to announce zero-deforestation commitment
July 3, 2015
First Resources the latest palm oil giant to announce zero-deforestation commitment
Philip Jacobson
July 03, 2015
Palm oil giant First Resources has committed to eliminate deforestation and rights abuses from its supply chain, making it the industry's first company operating primarily at the grower level to do so.
The policy, announced on Wednesday, is the latest in a wave of sustainability commitments from corporations that produce, trade and use palm oil.
First Resources' policy was designed in conjunction with a coalition of environmental groups, including Switzerland-headquartered The Forest Trust (TFT), whose founder, Scott Poynton, argues that companies must move beyond certification schemes for timber and agricultural commodities.
Singapore-listed First Resources has long been a member of the Roundtable on Sustainable Palm Oil (RSPO), an eco-certification initiative that requires its members to abide by certain social and environmental criteria when opening up new lands for plantations. But First Resources' new policy marks the installment of more stringent standards than those to which the RSPO holds its members.
Read more at Mongabay.com.
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