The rules will ensure safeguards are in place to strengthen labour conditions and close loopholes to curtail land grabbing incidents, says Leena Ghosh, head of human rights and social standards at the Roundtable on Sustainable Palm Oil.
The prevailing mood of uncertainty seems to have emboldened companies and governments to justify slowing climate action. Experts say these delay tactics exploit people's economic and security fears.
The Roundtable on Sustainable Palm Oil’s updated standards aim to improve smallholder inclusion as EUDR kicks in. But decline in credit prices – which growers heavily rely on to recoup certification costs – sparks fears of financial strain.