SOURCE: Mars, IncorporatedDESCRIPTION:
Mars, Inc. launched a new palm oil policy six months ago and recently released an update on its progress. The food manufacturer best known for its chocolate committed to developing a palm oil supply chain that is both sustainable and traceable by the end of this year. The company requires palm oil to be traced back to known mills and for its suppliers to confirm they will comply with its sourcing charter by the end of 2015. It is currently on track to meet its commitment to achieve 100 percent traceability of its palm oil supplies by the end of this year.
Mars is a member of the Roundtable on Sustainable Palm Oil (RSPO) . By the end of 2013, it purchased all of its palm oil from RSPO-certified sources through the “mass balance” program. Mass balance requires processors to purchase palm oil from certified sources, but allows them to mix it with conventional palm oil. As a result, some of the palm oil in its supply chain is from non-certified sources. Tracing palm oil back to known mills allows the company to assess the environmental and social practices of the plantations and farms the mills source from and see that improvements are made.
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KEYWORDS: Ethical Production and Consumption, Business & Trade, Mars Incorporated, Roundtable on Sustainable Palm Oil, Forest Trust, Deforestation, Palm Oil, 100 percent traceability, RSPO