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Roundtable No 2 (RT2) in Zürich in 2005. The Roundtable on Sustainable Palm Oil (RSPO) was established in 2004 with the objective of promoting the growth and use of sustainable palm oil products through global standards and multistakeholder governance.
The World Wildlife Foundation (WWF) publishes an annual report on the use of sustainable palm oil by major corporations. In the 2011 report, 31 of the 132 companies surveyed received a top score for their use of sustainable palm oil. This represents an increase from 2009, the first year the report was issued, where no companies received top scores.
The ISPO (Indonesian Sustainable Palm Oil) was launched in March 2011, with audits beginning in May 2012 and all palm oil producers expected to be in compliance by the end of 2014. The MSPO (Malaysian Sustainable Palm Oil) was launched in November 2013, and came into full effect on 1 January 2015, although it was not mandatory for all oil ...
Six years later, as a member of the Roundtable on Sustainable Palm Oil, they sold that operation to Felda Global Ventures, the third-largest palm oil company in the world, for almost $200 million.
Palm oil has long been used by food and consumer product companies as an ingredient in everything from ice cream and chips to lotions and soaps. ... of the Roundtable on Sustainable Palm Oil ...
Products containing Certified Sustainable Palm Oil (CSPO) can carry the RSPO trademark. [125] Members of the RSPO include palm oil producers, environmental groups, and manufacturers who use palm oil in their products. In 2014, Indonesia accounted for 40% of global palm oil production and 44% of the total RSPO-certified areas. [126]