Towards Responsible And Inclusive Financing Of The Palm Oil Sector
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Toward Responsible And Inclusive Financing Of The Palm Oil Sector
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Author : Kusumaningtyas, R.
language : en
Publisher: CIFOR
Release Date : 2017-09-07
Toward Responsible And Inclusive Financing Of The Palm Oil Sector written by Kusumaningtyas, R. and has been published by CIFOR this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-09-07 with categories.
Key messages Many stakeholders, including governments, production and processing companies and non-governmental organizations (NGOs), are working towards a more sustainable palm oil sector. Although smallholders account for an important share of oil palm cultivation, the social and environmental challenges of smallholder practices receive relatively little attention.Financial Service Providers (FSPs), such as banks and pension funds, could play a more significant role developing a more sustainable and inclusive palm oil sector by tying Environmental, Social and Governance (ESG) conditions to the financial services they provide to palm oil companies that source products from smallholders.The majority of funds financing the major palm oil companies originate from FSPs based in Asian countries such as Japan, Malaysia, Indonesia and Singapore. Currently, these FSPs do not have adequate ESG policies.European and American FSP policies are more advanced in addressing such issues as deforestation and Roundtable on Sustainable Palm Oil (RSPO) certification. Nevertheless, they still pay very little attention to the inclusion of smallholders in sustainable supply chains.Due to the differences between ESG policies followed by European and American FSPs in comparison to Asian FSPs, palm oil companies still have ample alternatives to access financing with few conditions. As a result, the potentially significant contribution of FSPs to foster a more sustainable palm oil sector remains underutilized.Adoption of more adequate ESG policies by Asian FSPs could occur in the first place through an increased understanding by these FSPs of the financial risks involved in continuing business as usual. Second, peer pressure from European and American FSPs and sustainability initiatives would help. Third, financial regulators in the palm oil production countries increasingly look for instruments to stimulate the financial sector to contribute more to the sustainable development of their economies.
Towards Responsible And Inclusive Financing Of The Palm Oil Sector
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Author : Kusumaningtyas, R.
language : en
Publisher: CIFOR
Release Date : 2017-10-04
Towards Responsible And Inclusive Financing Of The Palm Oil Sector written by Kusumaningtyas, R. and has been published by CIFOR this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-10-04 with categories.
The global palm oil sector faces ongoing threats to sustainability caused by deforestation, peatland development, labor rights violations and land right conflicts. Additionally, integrating smallholders into sustainable palm oil supply chains continues to be a challenge for the industry. Financial service providers (FSPs) could play a role in stimulating sustainability commitments from the palm oil companies they finance. Their potential influence stems from their capacity to set environmental, social and governance (ESG) conditions for financial services. This research shows that European and US FSPs are further along than their counterparts in Asia in adopting policies that include ESG risk assessments as part of the process for providing financial services. However, attention to smallholder inclusion is insufficient in the policies of all FSPs included in this report. Differences between European and US versus Asian FSPs in adopting ESG standards, as well as the unique markets they finance, present a risk that two parallel but separate financial systems could emerge. Efforts by both government and nongovernmental organizations should emphasize the prevention of a two-tiered marketplace with different quality requirements for palm oil. All actors in this sector still require a significant shift in thinking on the benefits of including ESG standards in cultivation and production processes. In palm oil producing countries, the lack of specific banking regulations emphasizing sustainability concerns regarding the sector forms a further hindrance to positive developments.
Toward Responsible And Inclusive Financing Of The Palm Oil Sector
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Author : Retno Kusumaningtyas
language : en
Publisher:
Release Date :
Toward Responsible And Inclusive Financing Of The Palm Oil Sector written by Retno Kusumaningtyas and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.
Current Practices And Innovations In Smallholder Palm Oil Finance In Indonesia And Malaysia
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Author : Bronkhorst, E.
language : en
Publisher: CIFOR
Release Date : 2017-10-17
Current Practices And Innovations In Smallholder Palm Oil Finance In Indonesia And Malaysia written by Bronkhorst, E. and has been published by CIFOR this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-10-17 with categories.
The objective of this study was to evaluate past and current policies and smallholder financing schemes in the palm oil industry in Indonesia and Malaysia. The outcomes of these models for smallholders were also evaluated, in terms of income security, sustainable practices and environmental impact. Finally, financing schemes that could contribute to more sustainable smallholder oil palm development were analyzed, and compared to past and existing schemes. The focus of this study is on oil palm smallholders, who play a crucial role in the palm oil production industry and account for the vast majority of oil palm cultivation in Malaysia, and even more so in Indonesia. A number of past and current financing schemes in Indonesia and Malaysia were evaluated through a literature analysis and field assessment. In Malaysia, the main long-term financing challenges faced by smallholders have been solved by large government-sponsored financing schemes and are, thus, less relevant for the report’s discussion. As such, the case studies regarding current innovative financing schemes are restricted geographically to Indonesia. The report proposes potential models to increase the mobilization of long-term finance to smallholders in the palm oil sector. Furthermore, it identifies and reflects on the key enabling conditions that would help overcome the bottlenecks in smallholder long-term financing and create an enabling environment for sustainable oil palm investments. These are: 1) incentives to meet sustainability requirements including Good Agricultural Practices, RSPO certification and deforestation-free production; 2) land tenure security; 3) improved market linkages between smallholders and mills; 4) support for FSPs to assess and manage risks; and 5) strong and effective smallholder organizations.
In Search Of Sustainable And Inclusive Palm Oil Production
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Author : Idsert Jelsma
language : en
Publisher: Eburon Uitgeverij B.V.
Release Date : 2019-08-30
In Search Of Sustainable And Inclusive Palm Oil Production written by Idsert Jelsma and has been published by Eburon Uitgeverij B.V. this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-08-30 with Political Science categories.
In search of sustainable and inclusive palm oil production builds on the old debate regarding the role of smallholder farmers in society and links it to the integration of smallholders into modern global value chains. Since the peak in global agro-commodity prices in 2007/08, interest in agriculture has increased again among policymakers and in the private sector. Modern global value chains provide opportunities for smallholder farmers but also increasingly dictate conditions in terms of production practices, and thereby determine conditions for inclusion. The Indonesian oil palm sector provides an interesting case regarding smallholder inclusion in modern global value chains and the role they play in sustainable agro-commodity production. Palm oil production in Indonesia has thrived due to insertion in global value chains, experienced massive smallholder engagement, faces considerable sustainability challenges and illustrates the impacts sustainability initiatives can have on smallholders. It thus provides a promising case to further explore the nexus of sustainable and inclusive development, smallholder agriculture and policy. The primary aim of this book is to advance the understanding of how the oil palm sector can be made more sustainable and inclusive. It does so by exploring independent and organized oil palm smallholders in Sumatra, explaining their emergence and performance, and discussing strategies to improve their performance. Whereas the smallholder oil palm sector clearly has its unique characteristics, this book unpicks some stereotypical views on smallholders and highlights the dynamics impacting farmers’ organizations over time, and thereby contributes to debates on the future of farming.
Sustainable Development Of The Palm Oil Sector In The Congo Basin
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Author : Ordway, E.M.
language : en
Publisher: CIFOR
Release Date : 2019-05-09
Sustainable Development Of The Palm Oil Sector In The Congo Basin written by Ordway, E.M. and has been published by CIFOR this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-05-09 with categories.
The Congo Basin is rich in biodiversity and stores an estimated 25%-30% of the world’s tropical forest carbon stocks. As agricultural land becomes increasingly scarce in Southeast Asia, and regulatory pressures continue to intensify, the Congo Basin could become the next frontier for oil palm expansion. Most of the roughly 280 million hectares (Mha) of additional land suitable for oil palm in the Congo Basin are found in the Democratic Republic of Congo (60%), Cameroon (11%) and the Republic of Congo (10%). Many heavily forested countries in the Congo Basin are setting national targets to increase production to meet national and regional demands. Land area allocated to oil palm increased by 40% in the Congo Basin and five additional top-producing countries in Africa between 1990 and 2017. Without intervention, future production increases in the region will likely come from expansion rather than intensification due to low crop and processing yields, possibly at the expense of forest. Sustainability strategies initiated by companies and aimed at certifying palm oil mills are unlikely to be effective at curbing deforestation in the Congo Basin. Smallholder farmers are an engine of growth in the region’s palm oil sector, and recent evidence suggests they are actively clearing forest to expand. Because of the proliferation of non-industrial processing facilities (artisanal mills), a substantial fraction of the palm oil produced by smallholders never passes through a company’s jurisdiction. Smallholders are also disadvantaged by power imbalances and limited access to technical and financial resources. Including smallholders in sustainability strategies offers opportunities to achieve multisectoral goals. Recommendations to improve the sustainability of the palm oil sector in the Congo Basin include (1) improving access to finance for smallholders and non-industrial mill managers; (2) implementing policies to safeguard natural resources and facilitate access to appropriate market opportunities that offer incentives to prevent future deforestation; (3) intensifying production by replanting aging plantations, rehabilitating abandoned plantations with disease-resistant and high-yielding varieties, and increasing fertilization, without further expansion into high conservation value or high carbon stock forest areas; and (4) improving processing capacity and extraction rates by upgrading mill technologies. Sustainable palm oil development in the Congo Basin will require careful consideration of the governance, institutional, environmental and socioeconomic factors that underpin the complex regional supply chains.
Risky Business Uptake And Implementation Of Sustainability Standards And Certification Schemes In The Indonesian Palm Oil Sector
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Author : Sophia M Gnych
language : en
Publisher: CIFOR
Release Date : 2015-11-12
Risky Business Uptake And Implementation Of Sustainability Standards And Certification Schemes In The Indonesian Palm Oil Sector written by Sophia M Gnych and has been published by CIFOR this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-11-12 with Palm oil categories.
Evolving international sustainability norms demand greater environmental and social responsibility from business across global commodity chains – from countries of origin to countries of consumption. Conventional commandand-control regulation has had limited success in addressing negative environmental and social impacts. As a result, advocacy groups and NGOs have championed a diversity of market-based and multi-stakeholder governance approaches aimed at shifting the private sector towards delivering more sustainable business models. Multiple non-state, market-driven social and environmental standards have emerged for palm oil. Through interviews with growers and key stakeholders in the Indonesian palm oil industry this occasional paper explores the motivations driving the uptake of sustainability standards, as well as the factors supporting and preventing implementation of sustainability standards, and asks, what model of sustainable oil palm agriculture is ultimately being built?
Towards Better Practice In Smallholder Palm Oil Production
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Author : S. Vermeulen
language : en
Publisher: IIED
Release Date : 2006
Towards Better Practice In Smallholder Palm Oil Production written by S. Vermeulen and has been published by IIED this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Economic development categories.
Review Of The Diversity Of Palm Oil Production Systems In Indonesia
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Author : Baudoin, A.
language : en
Publisher: CIFOR
Release Date : 2017-05-09
Review Of The Diversity Of Palm Oil Production Systems In Indonesia written by Baudoin, A. and has been published by CIFOR this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-05-09 with categories.
This paper proposes an overview of the development of oil palm production in Indonesia combining two levels: (i) a national and historical perspective of the development of the sector; (ii) a regional approach considering two contrasting provinces, Riau and Jambi. Starting with colonial times, the national approach deals first with the main periods that punctuate the development of oil palm plantations up to the contemporary period, marked by the liberalization of the economy. It emphasizes several factors that played a strategic role in the development of palm oil production, such as the role of the State and migration. After presenting the different models that structure the relationships among stakeholders and how these relationships have evolved, the role of small family planters is analyzed. This section ends with a review of some controversial issues: livelihood improvement, land tenure and customary rights, inclusion versus exclusion, market risks, forest and environmental threats and governance. The regional approach gives context to the development of palm oil production within two territories that have different historical backgrounds, with Jambi entering into production relatively recently. In each of the two provinces, the themes and issues involved in palm oil development identified at national level are analyzed, with specific emphasis on stakeholders’ strategic behaviours. The paper concludes with a comparative perspective on both provinces.
The Public And Private Regime Complex For Governing Palm Oil Supply
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Author : Pacheco, P.
language : en
Publisher: CIFOR
Release Date : 2017-05-01
The Public And Private Regime Complex For Governing Palm Oil Supply written by Pacheco, P. and has been published by CIFOR this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-05-01 with categories.
Key messages The global palm oil value chain has grown in complexity over time as have the public and private regulations governing the sector. This influences stakeholder decisions along the palm oil supply chain and the territories where it is produced.Weak alignment between the many regulatory initiatives has given rise to a 'transnational regime complex' that is struggling to resolve effectively many structural performance issues that have long plagued the palm oil sector.Key performance issues facing the palm oil sector relate to pervasive land conflict and informality, yield differences between companies and smallholders, and a high carbon debt linked to emissions arising from deforestation and peatlands conversion.Different disconnects, complementarities and antagonisms characterize current governance. Building connections and enhancing complementarities are important ways to gradually reduce antagonisms.Complementarities have emerged among instruments with global reach, whereas disconnects persist especially within public regulations, between regulations and private standards, and between standards operating across different territorial scales.Several connections can be built by better linking existing regulations, and public regulations and private standards at different levels. These could arise by embracing approaches that look at both supply chain and territorial management.The main policy targets to achieve sustainability and inclusivity are: 1) limiting the expansion of palm oil in high-carbon forests and peatlands; 2) adopting mechanisms to enhance transparency and accountabilities; 3) creating conditional incentives to intensify palm oil supply, mainly of smallholder farmers; 4) adopting new approaches to facilitate the upgrade of smallholder production systems; and 5) legalizing tenure claims under different types of rights recognition schemes.