FGV Holdings Berhad (FGV), one of the world’s largest producers of Crude Palm Oil (CPO), has achieved a significant milestone by producing its first batch of Crude Palm Kernel Oil (CPKO) that is compliant with the European Union Deforestation Regulation (EUDR). This makes FGV one of the first Malaysian companies to meet these stringent standards.
The EUDR is a legislative framework designed to ensure that products imported into the European Union are free from deforestation and forest degradation. FGV’s compliance with these standards underscores its commitment to global sustainability and regulatory adherence.
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Key Details:
- CPKO Usage: CPKO is used in various products, including non-dairy ice cream, margarine, chocolate, confectionery, soap, and detergent.
- Sustainability Efforts: FGV sources Fresh Fruit Bunches (FFB) from its own estates, FELDA’s settlers, and independent smallholders who comply with EUDR, Malaysian Sustainable Palm Oil Certification (MSPO), or Roundtable on Sustainable Palm Oil (RSPO) traceability requirements.
- Impact: FGV’s Group CEO, Dato’ Nazrul Mansor, highlighted that this achievement is not only a step forward in environmental stewardship but also a strategic move to enhance the company’s bottom line and expand economic opportunities for smallholders in Malaysia’s palm oil industry.
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