GreenPalm is a certificate-trading program for "

sustainably Specific definitions of sustainability are difficult to agree on and have varied in the literature and over time. The concept of sustainability can be used to guide decisions at the global, national, and individual levels (e.g. sustainable livi ...

produced"

palm oil Palm oil is an edible vegetable oil derived from the mesocarp (reddish pulp) of the fruit of the oil palms. The oil is used in food manufacturing, in beauty products, and as biofuel. Palm oil accounted for about 33% of global oils produced from ...

. Established in

Hull, England Kingston upon Hull, usually abbreviated to Hull, is a port city A port is a maritime facility comprising one or more wharves or loading areas, where ships load and discharge cargo and passengers. Although usually situated on a ...

, in November 2006, GreenPalm is a trading name of Book & Claim Ltd., "a wholly owned subsidiary of" AarhusKarlshamn UK Ltd."GreenPalm and the RSPO,"
GreenPalm.org. Accessed: 26 June 2013.

Operation

Once an

oil palm ''Elaeis'' () is a genus of palms containing two species, called oil palms. They are used in commercial agriculture in the production of palm oil. The African oil palm ''Elaeis guineensis'' (the species name ''guineensis'' referring to its co ...

grower has gone through the RSPO certification process and has been certified, they have four supply chain options to sell through. These options are: * Identity Preserved * Segregated * Mass Balance * Book and Claim (GreenPalm) If the palm oil growers chose GreenPalm, then each tonne of certified palm oil &

palm kernel oil Palm kernel oil is an edible plant oil derived from the kernel of the oil palm tree ''Elaeis guineensis''. It is related to other two edible oils: ''palm oil'', extracted from the fruit pulp of the oil palm, and ''coconut oil'', extracted from th ...

they are certified to sell is transferred into a GreenPalm Palm & Palm Kernel Oil certificate. The certificates are offered for sale on the GreenPalm market. Manufacturers based around the globe that use palm oil, palm kernel oil or any derived product can then join GreenPalm. Once they are a member they can place bids for, buy and then redeem certificates equal to the amount of physical oil they wish to cover. All those manufacturers that have redeemed certificates can see their commitment on the GreenPalm redeemed certificate holder’s page. Once redeemed, the manufacturer can use the GreenPalm logo and make claims that they or their products support/advance the production of RSPO certified sustainable palm, palm kernel oil. The palm oil grower receives the full certificate premium, the physical RSPO certified oil that this relates to will be sold into the global market – someone, somewhere will consume sustainably produced palm / palm kernel oil. This process stimulates other palm oil growers to start the certification process for their plantation and mill.

Support

Dave McLaughlin, agriculture vice-president,

World Wildlife Fund The World Wide Fund for Nature Inc. (WWF) is an international non-governmental organization founded in 1961 that works in the field of wilderness preservation and the reduction of human impact on the environment. It was formerly named the Wo ...

, is reported as stating that "GreenPalm is a transitional tool to give growers the right market signals" that it is worth their while to participate in the RSPO's sustainable palm oil

auditing An audit is an "independent examination of financial information of any entity, whether profit oriented or not, irrespective of its size or legal form when such an examination is conducted with a view to express an opinion thereon.” Auditing ...

and certification programs. In an interview subtitled, "The rocky road to sustainable palm oil," Dave Mclaughlin,

vice-president for agriculture, states that "buying GreenPalm certificates now might be the only way to stimulate enough production of sustainable palm oil to reach a critical mass that will make fully traceable products economically viable in future."Watson, Elaine. (16 July 2013). "In conversation with the WWF: The rocky road to sustainable palm oil," ''Food Navigator USA''
Accessed: 24 September 2013.

References

External links

* {{Palm oil Palm oil companies Environmental certification Companies based in Kingston upon Hull Renewable resource companies established in 2006 2006 establishments in England British companies established in 2006 Agriculture companies established in 2006