Olenex is committed to responsible development of palm oil production and building traceable and transparent palm oil supply chains. To this end, Olenex has committed to the following standards in our Olenex Palm Supply Chain Policy.
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1. No Deforestation of High Carbon Stock (HCS) forests or High Conservation Value (HCV) areas
Step 1: Knowing the origin of our products|
In order to ensure compliance of our oil palm products with our Olenex Palm Supply Chain Policy we implemented a traceability process that identifies all palm oil mills in our supply chain. Individual traceability results for each Olenex refinery can be found on our palm oil traceability map.
Olenex follows the traceability concept of the European Palm Oil Alliance (EPOA). EPOA explains how the industry defines, implements and uses traceability in order to progress towards a more sustainable palm oil supply chain:
Olenex palm oil is fully traceable.
Step 2: Engagement and Monitoring
Olenex follows the approach to palm oil sustainability by Wilmar, one of its joint venture parent companies. It is a landscape level approach ensuring policy compliance.
Olenex’s parent company Wilmar in cooperation with independent assessors performed a total of 68 mill assessments in the Olenex supply chain (as of May 2017). This represents more than 200% of the recommended ISEAL sample size for a set of 1000 supplying mills.
Sixty-eight mill assessments represent >200% of the recommended ISEAL sample size.