Sustainability

Geoff Palm Limited would develop its oil palm plantations in adherence with stringent sustainability policies as defined by the Roundtable on Sustainable Palm Oil principals and criteria standards. These standards address the legal, economic, environmental and social requirements of producing sustainable palm oil.

Sourcing of palm oil from sustainable sources would be a key factor determining palm oil market in the coming years. The volume of certified sustainable palm oil (‘CSPO’) has increased from 1.5 million tons in 2009 to 3.5 million tons in 2010. This represents only 7.4% of the total palm oil production of 47 million tons in 2010. There is still a long way to go to ensure that majority of the palm oil sold in the market is from sustainable sources.

About 54 per cent of the world's current RSPO-certified palm oil production capacity is in Malaysia. Indonesia is second, with about 35 per cent of the current global supply. Papua New Guinea and Colombia provide the remaining 10 per cent and 1 per cent respectively.

Many big players and end-users of palm oil are turning to sustainable sources for their supply. Unilever and Nestle among others have committed their support towards using only sustainable palm oil in the future. Geoff Palm would contribute significantly towards this increased demand for sustainable palm oil by adopting policies and standards which ensure that the entire palm oil produced by Geoff Palm is sustainable. Geoff Palm Limited works closely with all the stakeholders including local communities, environmentalists, regional governments, distributors and end users to ensure the welfare and development of everyone involved.


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