Giant palm oil trader commits to ending deforestation
Wilmar International, the world’s largest palm oil trader has made a new commitment that could mean the difference between saving or wiping out the last Sumatran tigers.
Wilmar announced that it would stop clearing forests and stop buying oil from companies that it knew were engaged forest destruction. “We know from our customers and other stakeholders that there is a strong and rapidly growing demand for traceable, deforestation-free palm oil,” said Wilmar’s CEO, Kuok Khoon Hong as he launched their new ‘no deforestation’ policy, “and we intend to meet it.”
Wilmar is a commodities trader and 45% of the world’s palm oil passes through its hands. Greenpeace evidence linked Wilmar and its customers to the destruction of tiger and Orangutan habitat, human rights abuses and conflict with forest communities.
Wilmar was selling palm oil to major brands, like Gillette, Ferrero, Cadbury, L’Oreal and Clearasil.
Greenpeace described the company's move as "incredible."
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