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The industry is now regulated by a group called the Roundtable on Sustainable Palm Oil (RSPO), consisting of palm growers, retailers, product manufacturers, and other interested parties. Over the past decade or so, an agreement has gradually been reached regarding standards that producers of palm oil have to meet in order for their product to be regarded as officially ‘sustainable’. The RSPO insists upon no virgin forest clearing, transparency and regular assessment of carbon stocks, among other criteria. Only once these requirements are fully satisfied is the oil allowed to be sold as certified sustainable palm oil (CSPO). Recent figures show that the RSPO now certifies around 12 million tonnes of palm oil annually, equivalent to roughly 21 percent of the world’s total palm oil production.
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