In mid-2018, PIL made a commitment to develop its own Responsible Palm Oil Policy. The policy is intended to guide the organizations’ sustainability practices as well as our third-party suppliers.
The Responsible Palm Oil Policy incorporates No Deforestation, No Peat, No Exploitation (NDPE) practices and recognizes Human Rights responsibilities. This supports PIL’s efforts to ensure an environmentally and socially accountable palm oil industry. This Responsible Palm Oil Policy is released on 31 December 2018 and is effective immediately.This Responsible Palm Oil Policy is released on 31 December 2018 and is effective immediately.
Palm oil is a crucial commodity to the world. It is the most cost effective oilseed crop since the production of palm oil gives the highest yield per hectare while using the least area compared to other vegetable oil crops. Palm oil is seen as a solution when it comes to feeding the growing number of people on our planet. By 2050, it is estimated that the global population will increase up to 9 billion people. The production of this vegetable oil provides job opportunities, supports livelihoods and eradicate poverty for communities and workers in developing countries.
PIL believes that producing palm oil sustainably safeguards environment, economic viability and supports social elevation of communities living and working in palm oil plantations. Being a leading global player, PIL commits to play a significant role in supporting sustainable practices in the palm oil industry. PIL also compels to adopt these sustainability standards in its own business operations. This policy is applicable with immediate effect to all PIL operations and we expect all our third party suppliers of palm oil, palm kernel oil and its derivatives to adhere to these commitments in their operations. PIL will work to ensure that our third party suppliers complies to our policy and PIL will only source our supply through transparent and traceable network.
PIL is committed to ensure a transparent, traceable and responsible supply chain by adopting no deforestation, no peatland planting and no exploitation of local communities and workers in palm oil plantation. PIL’s promise is further explained in the following core commitments;