Quick 5 step guide on how GreenPalm works
An RSPO certified producer receives one GreenPalm certificate for each tonne of certified palm oil produced. The producer also has the option of selling their tonnage via physical supply chains eg segregated. They can not however double sell via GreenPalm certificates and physical supply chains.
The certificates are offered for sale on the GreenPalm market. Sellers and buyer have to join GreenPalm to setup a trading account, this provides access to our secure trading platform.
Manufacturer's / retailers place bids for certificates representing an equivalent volume to the amount it uses in its products during a calendar year.
The RSPO certified producer who places offers on the GreenPalm market receives the certificate price as a premium – additional income for working sustainably .
The manufacturer / retailer can show it has supported the production of RSPO certified palm oil or palm kernel oil.
Off market deal (OMD) option
An alternative to placing anonymous bids and offers on the market is to use our off market deal option. This allows manufacturers or retailers to partner with a selected RSPO certified producer, agreeing to buy their certificates at a set price / quantity.
This allows the manufacturer additional traceability, knowing exactly where the RSPO sustainable premium is going. Additional claims can also be made, making the off market deal facility the perfect option for manufacturers looking to support independent palm oil smallholders.
How it works for you ?
Palm oil mills and supply base
Independent palm oil growers and smallholders
Manufacturers and retailers