Industry watchdog Roundtable on Sustainable Palm Oil (RSPO) is set to introduce new rules next month that will force companies such as Unilever and Procter & Gamble to buy greener palm oil or face penalty charges, according to a report by Reuters.
The move aims to help stop deforestation in South East Asia, according to RSPO, with palm oil growers stating the consumer goods companies must share responsibility of the problem due to the fact they’re not purchasing enough sustainably-sourced oil.
Set to be implemented in November, the new draft will require RSPO members that purchase palm oil to increase their sustainable purchase commitment by 15 percent a year. If this is not achieved, they will face fines or risk removal from the body.
Unilever spokesperson Gemma Shaw explained the company’s pledge to sustainable practices, she said, “Although consumer demand … does vary from market to market, our commitment is a global one.”