Despite the availability of 100% certified palm oil, WWF said most businesses in Malaysia and Singapore were still not sourcing it. A comparison of companies in Malaysia and Singapore against their international peers showed a significant gap in sustainable sourcing standards across South-East Asia. There was also a distinct lower level of transparency, number of RSPO memberships and sustainable palm oil commitments among these companies.
PETALING JAYA: Regional palm oil buyers have cited the price of sustainable palm oil, lack of consumer awareness and demand for certified sustainable products as deterrents when sourcing for certified sustainable palm oil (CSPO).
The latest findings were revealed in the WWF Palm Oil Buyers Scorecard – Malaysia and Singapore 2017 report released yesterday.
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