Malaysian Sustainable Palm Oil (MSPO): This is the national certification scheme in Malaysia specifically designed for the palm oil industry. Here’s what it entails:
- Purpose: MSPO aims to promote sustainability within the oil palm sector.
- Launch and Implementation: It was launched in 2013, and the certification scheme began its implementation in 2015 on a voluntary basis.
- Coverage: MSPO covers various aspects of palm oil production, including plantations, smallholdings, and processing facilities.
- Certification Standards: Companies undergo audits to meet the MSPO Standards, ensuring responsible practices.
- Areas Addressed
- Environmental: Encourages practices that protect the environment, such as efficient resource use and waste management.
- Social: Focuses on fair labor practices, community engagement, and human rights.
- Governance: Emphasizes transparency, accountability, and ethical decision-making.
- Logo Usage: Certified entities can display the MSPO logo to showcase their commitment to sustainability.
Why does MSPO matter?
- It contributes to a more sustainable palm oil industry.
- Investors and consumers increasingly value companies with responsible practices.
- Malaysia aims to achieve carbon neutrality by 2050 through its i-ESG Framework, which aligns with MSPO goals 12.
MSPO listing
- KSCP Sdn Bhd
- Pantai Remis Palm Oil Mill Sdn Bhd
- KKSJ Sdn Bhd
- KKS LUM
- Ladang Kampung Banjar Sdn Bhd
- Seri Alam Plantation Sdn Bhd
- Tai Seng Estate (1942) Sdn Bhd