RSPO RT 2024 Bangkok: Background on the 21st General Assembly
Bangkok – The 21st General Assembly of the Roundtable on Sustainable Palm Oil (RSPO-RT), held from November 11-13, 2024, in Bangkok, marked a significant milestone with the adoption of the revised RSPO Principles and Criteria (P&C) 2024 and the updated Independent Smallholder (ISH) Standard. The event brought together stakeholders from various sectors, including companies, NGOs, and smallholder representatives.
Objectives and Key Focus of the New Standards
The updated standards aim to enhance clarity, auditability, and implementation while integrating the PRISMA digital certification system for improved efficiency. Developed over two years with input from smallholders, NGOs, auditors, and regional experts, the new standards will take effect after a 12-month transition period, providing members ample time to adapt.
Key Updates in the RSPO 2024 Standards
The revised standards introduce several significant updates:
Enhanced HCV-HCS Framework – Clearer guidelines for implementing the High Conservation Value-High Carbon Stock (HCV-HCS) framework ensure responsible land use.
Mandatory Human Rights Due Diligence – Companies must now conduct due diligence to identify and address human rights impacts.
New Water Management Indicators – Address future challenges related to water scarcity.
Impact and Implementation
The revisions are designed to strengthen compliance and streamline auditing processes. RSPO Chief Executive Joseph D'Cruz emphasised that the new standards aim to facilitate the effective and efficient implementation of sustainable practices across the industry.
Partnership with High Conservation Value Network (HCVN)
During the assembly, RSPO renewed its partnership with the High Conservation Value Network (HCVN) to promote the protection of high-value ecosystems and forests. As of 2023, RSPO certification has safeguarded more than 646,700 hectares of high-conservation-value forests globally.
Peterson Indonesia’s Commitment to Smallholders
Peterson Indonesia, represented by Mr. Nurhadi, reaffirmed its dedication to supporting smallholders as a key component of sustainable supply chains. The company highlighted the indispensable role of smallholders in achieving sustainability within the palm oil industry. Peterson Indonesia’s initiatives, including certification programs and training, aim to help smallholders access broader markets, secure competitive pricing, and enhance their livelihoods. These efforts are expected to drive sustainable local economic growth and strengthen the industry's overall commitment to equitable development.
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