The Malaysian Sustainable Palm Oil (MSPO) has launched the MSPO Impact Alliance, a multi-stakeholder platform established to position and strengthen Malaysia's leadership in sustainable palm oil.
The MSPO Impact Alliance is backed by 28 founding members including plantation leaders, global fast-moving consumer goods companies, financial institutions, civil society partners, international organizations, and smallholder representatives.
The Malaysian government-backed body said in a statement on Friday that the MSPO Impact Alliance will serve as a structured platform for collaboration, envisioned as a hub for feedback, innovation, and exchange of collective expertise.
It will provide a formal channel for stakeholders to share input and ensure MSPO remains aligned with international benchmarks, while also acting as a testbed for new solutions such as advanced traceability, sustainable financing, cost-sharing models, and inclusive supply chain mechanisms aimed at delivering tangible improvements across the industry.
"Malaysia is committed to ensuring that palm oil continues to power economic growth and provide livelihoods, while meeting the highest international standards of sustainability," said Johari Abdul Ghani, the Minister of Plantation and Commodities of Malaysia.
Xinhua/RSS
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