The palm oil industry is changing. For too many years the industry stood by and waited for consumer demand or government policy to shape their approach to sustainability. Now is the time for businesses within the palm oil industry to take the wheel, to be the driving force behind sustainable practices, to lead by example.
There’s no escaping the fact that palm oil is the most cost-effective, versatile and widely used vegetable oil in the world. It can be found in over half of all products from cosmetics to chocolates. Production is only expected to increase over the coming years, with some estimates predicting that the palm oil market will be worth $88 billion by 2022.
As Frymax is manufactured by Olenex – one of the largest buyers of palm oil from Latin America – we see it as our responsibility to be a front-runner when it comes to implementing sustainable practices. This involves providing producers with the tools and expertise they need to foster environmentally friendly farming methods, as well as tackling exploitation on plantations.
So, what exactly is sustainable palm oil?
In short, sustainable palm oil is palm oil that can be produced to meet global demand without harming the people or environment involved in its production. Policies involved in achieving sustainable palm oil centre around the tenets of no deforestation, no development on peat soils and no exploitation – these are commonly known as NDPE policies.
The MARIPOSA Project
At Frymax, our commitment to creating a completely sustainable palm oil industry is reflected in our sponsorship of the MARIPOSA Project. This programme aims to revolutionise the traditional palm oil industry by raising funds to finance sustainability projects in the fast-growing agri-business of Latin America. MARIPOSA will enable growers to manage their palm trees sustainably, supporting thousands of families on their path to develop, improve and maintain their sustainable production practices.
Olenex will cooperate with implementation partners Wilmar Europe and NES Naturaleza to build on the success of previous sustainability projects such as WISSH – Wilmar Smallholders Support Honduras and WISSCo – Wilmar Small Growers Support Colombia.
Frymax’s other sustainability commitments:
- Fully segregated RSPO certification – our palm oil has been made from fully segregated RSPO certified sustainable palm fruit oil (i.e. not mixed with non-certified palm fruit oil).
- Subject to the Olenex Palm Supply Chain Policy – this requires our palm oil producers to respect the three core sustainability principles of the NDPE policies.