Compulsory annual audit 2011 onwards
On instruction from the RSPO trade & traceability working group GreenPalm implemented annual compulsory member audits to check redeemed
certificates and claims made against them on the 2011 markets. The qualifying redeemed certificate level from trading year
2011 onward is set at 500 certificates.
Retailer members are automatically selected for an audit and will qualify if they: a) request their private label suppliers to cover certificates or b) redeem more than the qualifying level of 500 under their own account. If they purchase under the qualifying level and do not request any coverage via their suppliers they will not require an audit.
GreenPalm's trading year operates from January to December, offsetting your physical palm (CPO) /
palm kernel (PKO) and palm kernel expeller (PKE) usage during that period. The annual GreenPalm
markets do not close until March 31st the following year. The additional three months allow members to balance up to ensure the correct
number of certificates has been purchased.
Why we audit and what will be checked?
The reason for the rule change was to bring the Book & Claim option in
line with the other three approved RSPO supply chain systems:
Each of the above requires an annual physical RSPO audit against the supply chain standard. See the bottom of the page to download a copy.