Luxembourg, 12 March 2021. – Inexperienced palm oil: the Swedish plant-oil firm AAK groups up with two tech and house firms, Earthqualizer and Satelligence, to watch its provide base for palm oil, the corporate stated.
The partnerships permit AAK to watch its world provide base for palm oil with nice accuracy and in actual time, the Nasdaq-listed, Malmö-based firm stated. This might permit to detect indicators of deforestation early and take speedy motion.
“This new progressive monitoring know-how is a vital a part of AAK’s sustainability technique and by 2025, our purpose is that 100 % of the palm oil that we supply must be 100 % verified deforestation-free”, stated Johan Westman, President and CEO, AAK Group. “As co-founders of the RSPO (Roundtable on Sustainable Palm Oil), AAK’s ambition is to play a number one function in reworking the palm oil business in direction of sustainability. By investing in these partnerships, we are going to contribute to the complete visibility and verification of deforestation-free provide chains.”
Satelligence is a geodata analytics firm offering day by day insights into the worldwide efficiency of agricultural manufacturing and provide chain dangers, corresponding to deforestation, forest fires and flooding.
Earthqualizer deploys a well known and credible threat administration device that screens and screens compliance with NDPE insurance policies (No Deforestation, No Peat, No Exploitation) amongst palm oil refineries, mills, and plantations.