In February, ISEAL held a webinar on how to strengthen demand for sustainable palm oil, based on Asian case studies. ISEAL has also published a full report summarising insights, strategies and activities in 5 Asian countries (China, India, Indonesia, Malaysia and Singapore) on how to boost demand for sustainable palm oil.
Key insights of the study include:
- Corporations in India and China are lagging behind their peers in other countries, regarding sustainable palm oil commitments.
- In Asia, price sensitivity and lack of knowledge are some of the largest barriers for businesses.
- The interest for sustainable palm oil in Singapore largely stems from industry associations and the finance sector. This is in line with global trends, where financial actors are seen as the key drivers to shift company behaviour.