In an online conference, plantation companies with estates in top producers Indonesia and Malaysia said supply chain traceability, and policies surrounding no deforestation, no planting on peatland and no exploitation were now a standard requirement from major global buyers such as Nestlé and Unilever.
"If a company like Wilmar wants to remain globally relevant, it is important to maintain sustainability as part of the business." The European Union, the third largest palm importer, has already decided to phase out palm-based transport fuels from its consumption of renewables by 2030 and is expected to set new rules on the use of palm oil in food.
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