Wilmar, Unilever pledges sustainable palm oil policies

The palm oil industry is definitely feeling the sustainability pinch from worldwide environmental groups, investors and even from large buyers such as multinational food companies.

Green Century Capital Management, a coalition of institutional investors from the US and Europe representing about $270bn in assets sent letters this month to about 40 major palm oil producers, financiers and consumers, asking the companies to adopt palm oil purchasing policies that go beyond the RSPO standards such as purchasing palm oil traceable to suppliers verified as not engaging in deforestation, development on peat, or exploitation of people and communities.

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