Neste has published updated information about all its crude palm oil (CPO) suppliers on the company's website. The data covers the entire supply chain that supplied Neste with crude palm oil in 2016.
Finland-headed renewable fuels and oil refiner Neste has published updated information about all its crude palm oil (CPO) suppliers on the company’s website. After having published a comprehensive list of its palm oil suppliers for the first time last year, Neste became the world’s first major palm oil user company to operate in such a transparent fashion with regards to its raw material procurement.
The data covers the entire supply chain, including all companies, oil mills, and estates that supplied Neste with CPO in 2016 and the dedicated dashboard website offers information on the suppliers, certification systems used, and certification documentation, and provides access to a map service enabling the users to see the geographical location of the mills.
In addition to the information on the suppliers, the site also offers an update on Neste’s corporate level usage of CPO, as well as its activities and collaborative projects aiming at further developing the sustainability of the company’s supply chain, and supporting the larger scale development within the palm oil industry.
– Our new dashboard site is a significant step forward in our supply chain transparency. It is a result of continuous and fruitful co-operation over the past years with our suppliers who are fully committed to sustainability. Our customers and other stakeholders put great value on the work we have been doing together with our suppliers, and we aim at continuing to lead progress in the area of supply chain transparency even further in the future, said Simo Honkanen, Senior Vice President, Sustainability and Public Affairs at Neste.
According to Neste, the role of CPO in its feedstock portfolio has become less significant in recent years. In 2016, waste and residues accounted for nearly 80 percent of the company’s usage of renewable raw materials while CPO represented less than 20 percent.
Furthermore, all the CPO the company has used has been fully traceable to the oil palm plantation level since 2007, and 100 percent certified since 2013. Neste also points out that on a global basis, the food industry continues to be the world’s largest consumer of palm oil representing over 71 percent of the global usage.