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Palm oil buyers face green scorecard: WWF

Source:  Copyright 2009, Reuters
Date:  May 12, 2009
Original URL: Status ONLINE

Major palm oil buyers face being graded for their green credentials after figures showing they have bought only a fraction of the sustainable palm oil available, environmental group WWF said on Tuesday.

About 1.3 million tonnes of certified sustainable palm oil has been available since November last year, but only about 15,000 tonnes have been bought, WWF said.

Palm oil is used as a vegetable oil for cooking, in chocolate bars and margarine, as well as in soaps and cosmetics and in biofuels for transport. Buyers include Unilever, Colgate-Palmolive, L'Oreal and Cadbury.

WWF, in a statement, said it would assess the world's major users of palm oil over the next six months and publish a "buyer's scorecard" that would show companies that support sustainable palm oil and those that have not fulfilled commitments to buy it.

"We don't have a lot of information about what's happening in the market yet," Carrie Svingen, forest conversion ...

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