RSPO and Global Green Growth Institute sign Memorandum of Understanding
In Jakarta, Indonesia, the Roundtable on Sustainable Palm Oil (RSPO) Secretariat and Global Green Growth Institute (GGGI) have recently signed a five-year Memorandum of Understanding (MoU), providing a framework for cooperation and collaboration in support of the 2030 Agenda for Sustainable Development and Paris Climate Agreement.
The five-year MoU, signed by RSPO Chief Executive Officer, Datuk Darrel Webber, and GGGI Assistant Director-General, Susanne Pederson is expected to align GGGI members’ initiatives towards green growth and low carbon development outcomes in the palm oil sector and related business opportunities to create green jobs and mobilise green investments globally.
GGGI and RSPO will work together towards common objectives, including the realisation of sustainable palm oil development, helping stakeholders to secure access to the global market and for responsible palm oil entrepreneurs to obtain premium prices for their certified sustainable products.
As an international intergovernmental organisation that promotes green growth development, the GGGI supports the commitments of the RSPO to stop deforestation, protect peatlands, and enforce human rights and socially responsible development. GGGI also recognises the important role of the palm oil sector to contribute to greenhouse gas emission reduction and the efforts to achieve the global climate and sustainable development goals. GGGI is interested to leverage the lessons learned from RSPO’s experiences to develop and/or strengthen national palm oil certification schemes and support our member countries to adopt and implement these lessons learned in their policies and plans, said GGGI Assistant Director-General Susanne Pederson.
Building on their comparative advantages and ensuring their complementarity and mutual reinforcement, this partnership will contribute to meeting the Nationally Determined Contributions of GGGI member countries involved in the palm oil supply chain.
The parties will work with palm oil producers, financial investors, and other stakeholders in their GGGI member countries to promote sustainable growth and production of palm oil, especially focusing on inclusiveness by building sustainable models and helping to increase access to markets for certified sustainable palm oil (CSPO) and market commitment to CSPO.
The RSPO will share knowledge from existing case studies on jurisdictional approaches to certification to aid in the alignment of pipeline projects with jurisdictional commitments to RSPO certification.
In a time in which we face a climate crisis, it is vital to increase collaboration between international organisations like GGGI and RSPO. Both organisations convene many global stakeholders across public and private sectors and share a common mission. Through collaboration, we can amplify our impact in our shared regions and programmes to better provide solutions, said RSPO CEO Darrel Webber echoing the importance of this partnership.