I have been loosely following environmental issues concerning the sustainability of global palm oil supply and production given my interest in the oleochemical sector where palm oil derivatives is a major feedstock.
Japan-based fragrance company Shiseido was just one of the latest global consumer/food product firms that announced their initiative to make sure their palm oil supply comes from a sustainable supply chain.
Shiseido has already joined the Roundtable on Sustainable Palm Oil (RSPO) since 2010. RSPO is an international non-profit organization established by the World Wide Fund (WWF), companies and organizations involved with palm oil production. According to RSPO, total members as of October 23 was 755.
Shiseido said it will make sure its total volume of palm oil used as raw material for their cosmetic products will be RSPO-certified oil by 2013. All RSPO members are required to submit a time bound plan to produce, trade, process and/or purchase and use 100% certified sustainable palm oil before their general assembly meeting which was held in November 1 (somewhere...).
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