Last week GreenPalm was part of the delegation attending the 13th edition of TERI's annual flagship event, the Delhi Sustainable Development Summit (DSDS).
TERI in collaboration with the RSPO (Roundtable on Sustainable Palm Oil), WWF and CGF (Consumer Goods Forum) hosted a track at DSDS 2013 to discuss Global Trends in Sustainable Production and Sourcing of Edible Oil.
(Image on above courtesy of WWF India (C) Mr Adam Harrison, Senior Policy Officer - Food and Agriculture, WWF moderating Global Trends in Sustainable Production)
In 2011 India imported 7.2 MT of palm, 72% of which came from Indonesia - the largest producing nation of palm oil. The event saw the WWF launch a focused report on sustainable palm oil in India, commenting on the report Mr. Ravi Singh, Secretary General & CEO, WWF India said, “When forests shrink, so does the home of endangered species, such as the tiger, rhino, elephant and orangutan—species which are now on the brink of extinction. 15% of all human-induced GHG emissions are caused by deforestation, forest degradation and peatland emissions.”
Also commenting on the report Bhavna Prasad, Director Sustainable Business, WWF India said, “We are pleased that Indian membership of RSPO has gone up from 4 to 21 in the past year itself. We expect these numbers to increase further, as more and more companies become aware of this issue and also start meeting global demand for sustainable palm oil”
Europe is leading the way in demand for RSPO certified sustainable palm oil, but it can only go so far with a total consumption of 5-6 MT per year. If sustainble, market transformation is to be acheived then India must continue to increase its membership and its demand for sustainable palm oil via the approved RSPO supply chain options.