August 26, 2016
Green Century is heading to the front lines of the fight against deforestation in Southeast Asia. We invite you to follow along as our Shareholder Advocate, Kate Kroll, sees firsthand the results of Green Century’s forest protection work in transforming the palm oil supply chain.
Palm oil is the most widely used vegetable oil in the world, showing up in everything from cosmetics to candy bars. Unfortunately, palm oil production is also a major cause of deforestation in Southeast Asia, which creates land conflicts with local communities, destroys habitat critical for endangered species like tigers, orangutans and the Borneo Pygmy elephant, and contributes to climate change.
Mitigating deforestation is one of the most cost-effective ways to address climate change (globally, deforestation is responsible for the same amount of carbon pollution as the entire transportation sector), which is why in 2012 Green Century started working to stop the deforestation caused by palm oil.
Green Century pressed highly recognizable household brand name companies to adopt sustainable palm oil purchasing policies, promoted government action that supported forest protection, and mobilized investors to follow suit. The results were swift: the agreement by the largest palm oil supplier alone is expected to prevent 1.5 gigatons of carbon pollution between now and 2020, equivalent to the annual emissions from all of Latin America. Read more about our success here.
The success of our initial campaign reinforced our commitment to ending deforestation throughout the palm oil supply chain. We were invited to join the palm oil advisory committee of the United Nations Principles on Responsible Investment (PRI), an international network of investors representing over $59 trillion in assets under management working together to promote socially and environmentally conscious investing. We’re joining other representatives from PRI and heading to the front lines of the fight against deforestation – Southeast Asia.
Kate Kroll, Green Century’s lead shareholder advocate on forest protection work, will be visiting with representatives of the Indonesian government, meeting with the biggest palm oil suppliers that are moving towards sustainable practices and seeing their plantations, and presenting at the UN PRI conference in Singapore.
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