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Topic: Palm Oil Tag

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09 Dec [Premium] ESG Update: 9 – 22 November 2019

Resources Sustainability    Indonesia to launch voluntary carbon market (13 Nov) Indonesia, one of the world’s biggest emitters of greenhouse gases, is planning to launch a voluntary carbon trading scheme that could link to other countries if successful, a senior government official said on Tuesday. The South East...

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13 Nov [Premium] ESG Update: 26 October – 8 November 2019

Resources Sustainability   Indonesian Court Fines Palm Oil Firm $18.5m Over Forest Fires In 2015 (28 Oct) An Indonesian court has fined a palm oil company $18.5 million for fires that destroyed 970 hectares (2,400 acres) of forest on its concession in Borneo in 2015. The judgment is...

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13 Nov [Premium] ESG Update: 12 October – 25 October 2019

Resource Sector    Malaysia Warns New EU Rules Could Hurt Palm Oil Used In Food (15-22 Oct) The European Parliament will proceed with phasing out palm oil-based biofuel by 2030 despite threats of retaliatory action by Indonesia and Malaysia, the world’s biggest producers of the ubiquitous vegetable oil....

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15 Oct [Premium] ESG Update: 28 September – 11 October 2019

Resource Sector   Indonesia Finds One-Fifth of Palm Oil Plantations Are Illegal (10 - 11 Oct) Last year President Joko Widodo issued a ban on new permits for palm plantations for three years, aiming to protect the country's forests. The order also gave the government authority to review...

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27 Sep [Premium] ESG Update: 14 – 27 September 2019

Resource Sector   Agroforestry companies linked to forest fires causing haze (24 Sep) As forest fires rage on in Indonesia, connection with Singapore and Malaysia have surfaced. Three Indonesian firms with offices in Singapore have been linked to the haze-belching fires. One company, Hutan Ketapang Industri, sealed off...

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11 Apr Making sustainable consumption of palm oil the norm in Asia

By Chen Chen Lee and Lau Xin Yi For The Jakarta Post Relations between the European Union and Malaysia and Indonesia hit an obstacle when Malaysia’s Prime Minister Mahathir Mohamad and Indonesia’s Coordinating Maritime Affairs Minister Luhut Pandjaitan recently threatened to boycott EU’s products if the bloc...

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05 Apr [Premium] ESG Update: 22 March – 5 April 2019

Haze/ Resources/ EU Indonesia threatens to quit Paris climate deal over palm oil (27 Mar) Indonesian leaders have announced that they are considering leaving the Paris climate deal if the European Union proceeds to phase out palm oil in renewable transportation fuel. The announcement comes after the...

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Photo credit: “Aerial view of oil palm plantation” by Nanang Sujana/CIFOR

20 Dec EU’s palm oil curb may hurt campaign to save forests

By Simon Tay and Liyana Othman For The Straits Times As the global community seeks to address environmental and climate change concerns, attention has been increasing about palm oil. In recent months, the European Union passed a directive that disallows commodities like palm oil to be used...

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