A report by global non-profit CDP says only 22% of companies producing or sourcing palm oil in Indonesia have implemented “public and comprehensive” no deforestation policies. Data from CDP suggests just 2% of companies sourcing or producing palm oil are using deforestation-free compliant third-party verified schemes covering over 90% of their production of palm oil. Whilst 86% of companies have implemented policies, only 22% have public and comprehensive no-deforestation policies and although three quarters of companies have no deforestation commitments, CDP says only 28% “demonstrate good practice”. Other key findings of the report include traceability systems being implemented by 87% of companies, but only a quarter have the capacity in practice to scale these to over 90% of their production or consumption. John Leung, CDP’s Southeast Asia and Oceanic Director, said: “The report shows several companies are already taking steps to protect biodiversity, but more companies are needed to accelerate the rate of action. Importantly, biodiversity needs to be tackled in the same way as climate emissions.”
Today CDP launched its annual palm oil report. ‘Measuring progress towards a sustainable palm oil supply chain: A company’s journey’ assesses actions companies have taken to decouple palm oil from deforestation within their supply chain.
Read the report: https://t.co/AzKupivzZp pic.twitter.com/0IbfQiPNHq
— CDP (@CDP) August 16, 2022