IFFCO Palm Oil 2021 Roadmap
To achieve IFFCO’s 2021 goals for palm oil, IFFCO has set the following key themes with established milestones and action plans. IFFCO is confident these will not only guide its progress towards 2021’s commitment but will also allow it to establish the right partnership to create scalable impacts. Moving forward, IFFCO will report progress against these key themes and milestones under the Sustainability Dashboard. The key themes and milestones are formulated as below:
IFFCO’s milestone is to achieve full traceability to mill by mid-2019 and traceability to plantation by 2021. Given that IFFCO Group does not own or operate oil palm plantations and mills, thus 100% of the oil comes from third party mills, aggregators or refiners, IFFCO’s action plan will consist of:
- Establishing IFFCO’s global footprint and baseline traceability scores for palm oil.
- Working on traceability to mill by collecting mill name and GPS coordinates.
- Working with suppliers to map the supply base and achieve traceability to plantations.
- Analyzing the risks and opportunities of our suppliers.
During 2018, IFFCO has focused its efforts to collect all names and respective GPS coordinates of third party mills that supply IFFCO Tier 1 Refineries (Refineries that receive CPO). The below link shows this information.
IFFCO’s milestone is to have tools for verification of compliance and as a basis to create joint action plan to address the supplier gaps towards excellence.
This entails action plan to map gaps of direct suppliers according to the volumes they provide, execute the risks-based approach in the main sourcing area, and identify potential improvement, program and support needed for suppliers to comply with IFFCO’s policy and realize the full potential of palm oil.
IFFCO’s milestone is to create one partnership that leads to enhancing production, protection of environment and smallholder inclusion. IFFCO recognizes the importance of broader stakeholder action to maximize the progress and scale of IFFCO 2021 goals. By working together through public-private partnership, IFFCO believes this will help increase volume of RSPO materials processed in its facilities and also deliver tangible impact on environmental safeguards, social development and economic prosperity.
IFFCO’s milestone is to promote and communicate the practices by direct suppliers as part of the transformation of palm oil industry. This will include communicating HCS, HCV and peat areas that are conserved; biodiversity that is maintained and enriched; enhancement of productivities; and best management practices of smallholders.
IFFCO also measures its own operation against key sustainability performance indicators and contribution to specific elements of UN Sustainable Development Goals.
IFFCO Palm Oil Sustainability Journey
Below timeline shows our past journey and projected milestones to achieve a fully sustainable palm oil by 2021.