Malaysia’s commodities minister is touting palm oil biomass as a coal alternative, while signalling a hard stance on deforestation. But experts warn that the full lifecycle emissions of biomass could exceed that of coal.
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About one-fifth of global palm oil is certified by the Roundtable on Sustainable Palm Oil, but growth has plateaued. Chief Joseph D’Cruz explains why 100 per cent certification is not the end goal and how it plans to engage China and India.
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“Homeshoring”, or moving production back to a company’s home country, to counter geopolitical tensions is driving demand for low-cost migrant workers, raising labour risks in markets once deemed “low risk”, says the global assurance firm.
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The rules will ensure safeguards are in place to strengthen labour conditions and close loopholes to curtail land grabbing incidents, says Leena Ghosh, head of human rights and social standards at the Roundtable on Sustainable Palm Oil.