Major palm oil companies dissolve Indonesia Palm Oil Pledge in favour of govt. initiative; environmental groups condemn move

Author: Arlina Arshad, Straits Times (Singapore), Published on: 11 July 2016

“Palm oil companies ditch landmark Indonesian 'zero deforestation' pact”, 1 Jul 2016

Major palm oil companies that backed a landmark Indonesian "zero deforestation" pact on green practices have now ditched it in favour of less strict standards, triggering criticism the companies have caved into Indonesian government pressure.

The companies signed the 2014 Indonesia Palm Oil Pledge, or IPOP, in an agreement hailed as boosting efforts to fight rampant deforestation and annual forest fires and the haze. As part of the pledge, the firms, which include top palm oil producers and traders, pledged no development of peatlands of any depth. Peatland fires are a major source of the haze.

But on Friday (July 1), the companies said Ipop had run its course and was no longer needed. They supported the Indonesian government's efforts to "transform the palm oil sector" and to strengthen the country's own certification standards called the Indonesia Sustainable Palm Oil, or ISPO…

The Ipop companies are Wilmar International, Golden Agri Resources (GAR), Cargill, Asian Agri, Musim Mas and Astra Agro Lestari…

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Related companies: Astra Agro Lestari Cargill Golden Agri-Resources Musim Mas Wilmar International