06 Apr '12, 4am

Certified palm oil profitable for companies, finds study

Certified palm oil profitable for companies, finds study

Certified palm oil profitable for companies, finds study mongabay.com April 06, 2012 A new study suggests shifting to certified palm oil production increases profitability despite higher production costs. The study, which was conducted by WWF, a major backer of the Roundtable on Sustainable Palm Oil (RSPO), indicates "that the business benefits gained from achieving RSPO certification "typically outweigh the costs of implementation—in many cases significantly.'" The benefits however come through "indirect" channels. "While many firms were initially attracted to RSPO for the price premiums commanded by certified sustainable palm oil, the larger financial gain often turned out to be resulting improvements in operations, documentation systems, labor relations, and other internal factors." The findings are interesting because they suggest palm oil companies may be doing better...

Full article: http://news.mongabay.com/2012/0406-rspo_good_for_business...

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