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The palm oil financing handbook - Practical guidance on responsible financing and investing in the palm oil sector |
Dec 2008
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The aim of this handbook is to:
• help financial institutions to reduce the environmental and social risks associated with transactions in the palm oil sector;
• enable more sustainable palm oil production.
The how-to guidance focuses on developing and implementing a responsible palm oil finance and investment policy. By establishing such a policy, your financial institution can confirm its commitment to sustainable palm oil production and set out its requirements for current and prospective clients or investees in the palm oil sector, including producers, processors and traders of palm oil.
A responsible palm oil policy will need to cover the full range of companies involved in the palm oil sector, including upstream companies (those involved in the production of crude palm oil) and downstream companies (those involved in the refining, trading and use of palm oil products).
The guidance provided here has benefited from the input of representatives of several financial institutions including ABN Amro Bank, Fortis, HSBC, the International Finance Corporation, ING Bank, Rabobank, and Standard Chartered, and from CIS Cooperative Insurance, as an institutional investor.
The model responsible palm oil policy proposed in this handbook is based on standards developed by the Roundtable on Sustainable Palm Oil (RSPO) - a multi-stakeholder group comprising industry, NGOs and government. The RSPO’s Principles and Criteria for Sustainable Palm Oil Production (RSPO criteria) represent the most credible, transparent and robust standards in the market.
By: WWF International
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