Malaysia is one of the major producer and exporter countries of palm oil and palm oil products in the world and in the last few years, both sustainability and climate action has been the core principles in developing this new emerging economy.
Hence, we align and recognise the United Nations Sustainable Development Goals (UNSDGs) Agenda 2030. Although it is not legally binding, Malaysia has adopted these SDGs as primary framework to drive and attain higher sustainability commitment within the palm oil industry. Such commitment is transpired primary through the mandatory implementation of Malaysian Sustainable Palm Oil (MSPO) certification along the supply chain of palm oil since January 2020. We have taken another leap by adopting policies on sustainable cultivation of oil palm in controlling the total planted area while banning the conversion of permanent forest reserves and new peatland area for oil palm.
In addition, the Ministry has ventured into biodiesel program since 2011 with the blending of 5% or B5 and has further enrolled towards B10 and higher blending rate. Such augmentation not only help in reducing GHG emission but also indirectly diversifying our downstream product and subsequently stabilizing the local CPO stock and price.
To further support the climate change action, MPIC through Malaysian Palm Oil Council (MPOC) has established the Malaysian Palm Oil Green Conservation Foundation (MPOGCF) to support conservation activities which reflect our commitment towards conserving our environment. Nevertheless, effort towards sustainability and climate change action in our palm industry will be further improved over the time.
The key to our success is premised on the continuous support, cooperation as well as commitment from all stakeholders to achieve the objectives set forth.
