RSPO Celebrates 20 Years of Impact and Reaffirms the Power of Partnerships for the Next 20
Collective action and innovative practices sowed within the industry are reaping results, with RSPO global certification, membership, production and consumption volumes steadily on the rise, alongside greater environmental stewardship
JAKARTA, Indonesia, Nov. 21, 2023 (GLOBE NEWSWIRE) -- The Roundtable on Sustainable Palm Oil marked a special milestone at its Annual Roundtable conference (RT2023), themed “Partners for the Next 20”, to reflect on nearly two decades of impact made possible through the collaborative efforts of RSPO’s Members and partners. RT2023 presented an opportunity to take unified action on the core challenges facing the sustainable palm oil industry, including mitigating climate change, increasing uptake of certified sustainable palm oil (CSPO), protecting labour rights, and facilitating greater smallholder inclusion in green supply chains through compliance with emerging international regulations.
For nearly twenty years, the RSPO has facilitated global change to make the production and consumption of palm oil sustainable. Starting from 200 members from 16 countries in 2004, RSPO now counts more than 5,700 members in over 100 countries and territories spanning the globe.
In his opening remarks, RSPO CEO Joseph D’Cruz said, “Through nearly two decades of voluntary action, RSPO Members have banded together to raise the bars of sustainability within the industry. The impact we have collectively achieved is increasingly being acknowledged by stakeholders outside our industry, and we are seeing a definite shift in the sustainable palm oil narrative in our favour. As a global partnership to make palm oil sustainable, we must ride this trajectory and continue to evolve and pursue new territory. There is room now for us to move beyond a standard and certification system and develop tools that would enable the industry to demonstrate sustainability in the way that markets, regulators and customers demand today.”
RSPO’s key achievements over the last two decades were highlighted, including the increase in global certified area from just 125,000 hectares in 2008 to 4.9 million hectares across 23 countries in 2023. Certified Sustainable Palm Oil (CSPO) supply reached a new milestone at 15.4 million metric tonnes, while RSPO Trademark licences have increased significantly to more than 1,600 licences in over 100 countries and territories, with growth seen in China, Japan and Southeast Asia, signalling significant opportunities in these markets. The RSPO Smallholder Support Fund (RSSF) has provided US$4.2 million in funding to support 44,203 farmers in 12 countries since 2013. Accounting for 40% of total palm oil production output in key producing countries, smallholders featured strongly at RT2023, focused on opportunities and pathways to facilitate greater inclusion in green supply chains through compliance with emerging international regulations.
Charting new territory, RSPO’s Certification, Trade and Traceability System (CTTS), launched recently in October 2023 with the formation of the tripartite consortium of global agri-tech experts, exemplifies how the organisation is advancing and digitising its tracking and traceability systems into an end-to-end digital infrastructure. This is rooted by best-in-class solutions that will be able to meet current demands and anticipate the future needs of a sector that is rapidly evolving to meet tightening global regulations, starting with the EU Deforestation Regulation (EUDR), and is actively engaging with the European Commission for knowledge-sharing on this topic with all relevant parties.
Anne Rosenbarger and José Roberto Montenegro, Co-Chairs of the RSPO Board of Governors, together called for the successes of the past 20 years to be leveraged and scaled further through collective action and innovative approaches. “RSPO is strategically evolving to meet current and forthcoming challenges, including shifting regulatory and market expectations, by improving the auditability and implementability of our current standards and Assurance systems in order to be ready to connect to the broader industry’s sustainability platforms,” said Anne Rosenbarger. Following a comprehensive and highly consultative review of its current 2018 RSPO Principles and Criteria and 2019 RSPO Independent Smallholder Standard, a technical revision process is underway to produce a revised set of standards in 2024.
The conference also featured the RSPO Excellence Awards, which saw fifteen of its Members nominated for their outstanding contributions to sustainable palm oil. The winners were DSN Group for Innovation; Bumitama Agri Ltd. for Conservation Leadership; Musim Mas for Smallholder Impact; Cheyenne Mountain Zoo for Communicating for Good, and WWF International for Shared Responsibility. Learn more about the winners, nominees and their award-worthy initiatives here.
The Roundtable on Sustainable Palm Oil (RSPO) is a global partnership to make palm oil sustainable. Formed in 2004, the RSPO is a multi-stakeholder non-profit organisation that unites members from across the palm oil value chain, including oil palm producers, palm oil processors and traders, consumer goods manufacturers, retailers, banks, and investors, environmental or nature conservation non-governmental organisations (NGOs), and social or developmental NGOs. As a partnership for progress and positive impact, the RSPO facilitates global change to make the production and consumption of palm oil sustainable. To inspire change, we communicate the environmental and social benefits. To make progress, we catalyse collaboration. To provide assurance, we set the standards of certification. The RSPO is registered as an international association in Zurich, Switzerland, with main offices in Malaysia and Indonesia, and offices in China, Colombia, Netherlands, United Kingdom, and the United States. For further information, kindly contact: email@example.com
Photos accompanying this announcement are available at:To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.
To view this piece of content from ml.globenewswire.com, please give your consent at the top of this page.
About GlobeNewswire by notified
One Liberty Plaza - 165 Broadway
NY 10006 New York
GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
Subscribe to releases from GlobeNewswire by notified
Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from GlobeNewswire by notified
The Cadmium Yellow Alert: Study Explains the Rapid Deterioration of One of Juan Mirò’s Favourite Colours6.12.2023 15:57:37 CET | Press release
Researchers from the Politecnico di Milano and Ca' Foscari University of Venice are part of the team unravelling the causes of the degradation of cadmium yellow, used by the Spanish painter: the presence of zinc in the crystalline matrix of the pigment, the production process and the environmental conditions in which paint was stored. The research is published in the scientific journal Heritage Science. MILAN, Italy, Dec. 06, 2023 (GLOBE NEWSWIRE) -- A photo from 1978 shows famous Catalan surrealist painter Juan Miró in his Taller Sert, surrounded by his paintings. In the background, the bright, intense yellow of Femme dans le rue (1973), stands out. Fifty years later, that cadmium-based yellow is faded and chalky. The same phenomenon has affected 25 other paintings in the Fundació Miró Mallorca. The degraded yellow paint used by Mirò is made from cadmium yellow, a modern pigment composed of cadmium sulfide and introduced in the late 19th century. The pigment was used extensively by ar
Baltic Horizon Fund general meeting of investors and a notice to convene a new general meeting of investors6.12.2023 15:20:00 CET | Press release
Extraordinary General Meeting (hereinafter the “General Meeting”) of Baltic Horizon Fund unit-holders and Swedish Depositary Receipt (hereinafter the “SDR”) holders (hereinafter together the “Investors”) took place on 6 December 2023 in Tallinn, Estonia. Proposed agenda of the meeting was the following: Decision to elect Reimo Hammerberg as a new member of the supervisory board of Baltic Horizon Fund as of 1 January 2024 for an indefinite period.Decision to pay remuneration to Reimo Hammerberg for fulfilling obligations of the member of the supervisory board in the amount of EUR 16,000 per calendar year.Decision to elect Monica Hammer as a new member of the supervisory board of Baltic Horizon Fund as of 1 January 2024 for an indefinite period.Decision to pay remuneration to Monica Hammer for fulfilling obligations of the member of the supervisory board in the amount of EUR 11,000 per calendar year.Decision to elect Per V. Jenster as a new member of the supervisory board of Baltic Horiz
Vicinity Showcased Industrial 5G Solution in 5G-ACIA Industrial 5G day6.12.2023 15:08:22 CET | Press release
TAIPEI, Taiwan, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Vicinity Technologies Limited (Vicinity) showcases the advanced industrial 5G solution in the 5G Alliance for Connected Industries and Automation (5G-ACIA) Industrial 5G Day 2023, being held in Taipei, Taiwan on 7th December 2023. Vicinity is demonstrating a low latency industrial 5G wireless networking solution to enable industrial safety applications in factories with 5G connected Automatic Guided Vehicles (AGV). Vicinity developed 5G integrated small cell (ISC) network wirelessly connects an emergency stop controller with the AGVs. The demonstration emulates an emergency scenario where the stop button is activated. The AGVs are stopped with the latency within 3ms. The response time is 200 times faster compared with the conventional 5G mobile networks. To achieve such a fast response time, the ISC supports the User Plane Function (UPF) offloading. This allows the user application running on the ISC to minimise the latency. The ISC is
International Directional Services and Veracio Announce Strategic Partnership to Advance Drilling and Downhole Technologies in North America6.12.2023 15:00:00 CET | Press release
WATSONVILLE, Calif. and SALT LAKE CITY, Dec. 06, 2023 (GLOBE NEWSWIRE) -- International Directional Services (IDS), a Granite Company (NYSE:GVA) and Veracio, a leading mining technology company, today announce a partnership to offer Veracio’s complete suite of driller-operated tooling to IDS’ clients. Veracio is making significant steps toward leveraging advanced geological technologies to enhance the mining lifecycle. While IDS and Veracio have an existing relationship, the announcement of this partnership acknowledges the vision both companies share for transforming how the drilling workflow can be enhanced with better data. By combining IDS’s expertise in directional drilling and Veracio’s geological data collection, the partnership will empower IDS and Granite clients to reduce unnecessary drilling costs, mitigate operational errors, minimize waste, and foster sustainable mining practices. “Our collaboration further strengthens Veracio’s position in the US market and reinforces our
Zoom delivers AI-powered customer experiences at an unmatched value for companies of every size6.12.2023 15:00:00 CET | Press release
New innovative product offerings include robust omnichannel and advanced AI solutions SAN JOSE, Calif., Dec. 06, 2023 (GLOBE NEWSWIRE) -- Today Zoom Video Communications, Inc. (NASDAQ: ZM) announced enhancements across its AI-powered customer experience (CX) suite and new pricing plans that are expected to be available in the coming weeks. “Zoom Contact Center has seen incredible momentum since its launch last year, reaching more than 700 customers and expanding to businesses of all sizes, from mid-market companies to global enterprises,” said Vi Chau, head of product, Zoom Phone and Contact Center at Zoom. “We have strategically invested in areas like advanced AI, workforce management, and omnichannel expansion to help build meaningful customer experiences. These new plans provide exceptional value at all levels, including enterprise-grade features at the base tier that other companies charge extra for.” To support its growing customer base and its various business needs, Zoom Contact