Towards a Resilient Palm Oil Industry

Credible certification will increase the export competitiveness of the national palm oil industry. Exploration of the status of ISPO (Indonesian Sustainable Palm Oil) and RSPO (Roundtable on Sustainable Palm Oil)

certifications is increasingly important in today's green economy era. Moreover, in 2022 it is estimated that the price of palm oil will continue to be high. With ISPO and RSPO certification, Indonesia's market share can continue to be expanded. Indonesian Sustainable Palm Oil (ISPO) Certification, hereinafter referred to as ISPO, is a business system in the field of oil palm plantations that is economically viable, socially viable, and environmentally friendly based on the prevailing laws and regulations in Indonesia. ISPO is mandatory. In response to the global push for sustainable palm oil management, the Roundtable on Sustainable Palm Oil (RSPO) was formed in 2004 with the aim of promoting the growth and use of sustainable palm oil products through credible global standards and stakeholder engagement. Voluntary. To face a green economy, the RSPO should also be mandatory, so that the strength of the national palm oil industry is getting stronger in the ESG (environment, social, and governance) era. ISPO is a technical regulation set by the government and enforced obligatory for oil palm plantation companies. Meanwhile, the RSPO initiative is a member agreement, where membership is voluntary, but the implementation of standards is mandatory for members. Thus, RSPO membership is mandatory as well as mandatory to prevent the European Union from attacking the national palm oil industry.

|•SOURCE•| Articles :INVESTOR | Image :REUTERS |

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