IOI Loders Croklaan, Channahon, IL , has introduced a new and strengthened Sustainable Palm Oil Policy that supersedes its existing policy and further ensures:
- No deforestation through the conservation of High Carbon Stock (HCS) forests and the protection of peat areas, regardless of the depth.
- Building a traceable and transparent supply chain.
- Respecting the rights of employees, indigenous peoples and local communities.
- Increased focus on driving beneficial economic change and ensuring a positive social impact on people and communities.
The new policy is effective immediately.
“We felt it was necessary to work towards ensuring our Sustainable Palm Oil requirements were set out more clearly than in our existing Sustainable Palm Oil Sourcing Practices,” says Ben Vreeburg, IOI Loders Croklaan’s sustainability director. “Our new policy leaves no room for differences in interpretation and is better aligned with recent market and stakeholder’s requirements.”
IOI Loders Croklaan’s commitment to sustainable practices affects the company’s entire supply chain, from the choice of its suppliers of palm (kernel) oil to how it operates refineries. The policy also applies to all of its palm oil, palm oil fractions and palm kernel oil suppliers.
IOI Loders Croklaan has implemented a time-bound action plan to ensure that all palm oil products it sources are compliant with its own policy. “We strongly believe that a multi-stakeholder approach is the right way forward to transform the palm oil sector,” says Vreeburg. “We will continue to work with various stakeholders, including our suppliers, customers, nongovernmental organizations (NGOs), governments and independent verification bodies to implement our policy.”