Our Senior Sales Manager, APAC Shira Omar
attended the public consultation for the Revised RSPO Principles & Criteria and RSPO Independent Smallholder Standard
Here’s more about the hot topics at the events, the opportunities we see for the palm oil industry in the near future, and a look at the role CarbonSpace plays in building a sustainable palm oil future.Deforestation diligence
The EU recently passed a new regulation requiring deforestation diligence for companies sourcing any of seven commodities: palm oil, soy, cattle, cocoa, wood, coffee and rubber. Companies must know and provide the exact locations from which they source these commodities and ensure no deforestation has taken place since December 31, 2020.
The regulation is a hot topic in the palm oil industry, of course. Now that deforestation diligence is law, companies need solutions for traceability and detection. And because up to 40% of palm oil production area is managed by smallholders, supply chain traceability will be a challenge at first.2
But achieving traceability creates opportunities beyond compliance. If companies sourcing palm oil will soon have fully traced their supply chains, there’s an opportunity to do more than just deforestation assessment but to track additional ecosystem metrics as well and communicate those.Benefits of supply chain monitoring, beyond deforestation diligence
If companies will soon know the location of plantations, why not perform the deforestation assessment and
monitoring that can lead to further sustainable sourcing decisions and communication around ecosystem regeneration at the plantation level?Net ecosystem exchange (NEE) monitoring
achieves these goals, tying together sourcing and sustainability indicators through a single metric. NEE represents the net exchange of CO2 between the atmosphere and the major ecosystem carbon pools. It’s a primary gauge of ecosystem carbon sink strength and productivity.
The key benefits of NEE monitoring for palm oil plantations are: