Malaysia is the largest exporter of palm oil and is positioned as the world No.2 producer of palm oil used to make products from bio-diesel to cooking oil. According to Adnan (2014), RSPO were unhappy with the Malaysian Palm Oil Association (MPOA) were delaying towards the implementation of the measures which would help in facilitating sustainable plantation. This was given by the Malaysian body to consider its position in the international multi-stakeholder organization. The social impact initiates the uses of palm oil cultivation as a part of poverty. Based on the environmental impact, palm oil was criticized towards the natural environment. Financial impact was closely related to the revenue which Indonesia and Malaysia had accounted for over 80% of the Crude Palm Oil (CPO) production globally. More than half a million people were employed by Malaysia’s palm oil industry. Sustainable palm oil Malaysia supports the living of an estimated one million people and has constricted the income gap among city residents and backwoods farmers. This development pursues to meet the needs and aim of the latest generation without negotiating the strength to meet the needs of those in the future. Sustainability is mainly about management being carried out efficiently of resources that are available now days. Moreover, it is all about the long duration security of the supply chain if the oil palm business is to move on with quality values and trust of consumer. There are massive balance between social, environmental, and economic needs of country and people addressed by Malaysian oil palm industry which are social improvement of the Malaysian people, protection and management of the environment, and ensuring growth of the nation as a whole through economic advancement. The biological production potential and help maintain future will be managed a proper management of natural resources. There are several solutions
References: Panda.org, (2014). Palm Oil Buyers Scorecard Measuring the Progress of Palm Oil Buyers. [online] Available at: http://assets.panda.org/downloads/po_scorecard_2013_latest.pdf [Accessed 2 Sep. 2014]. Rspo.org, (2014). RSPO - Roundtable on Sustainable Palm Oil. [online] Available at: http://www.rspo.org/[Accessed 3 Sep. 2014]. WWF, (2013). Roundtable on Sustainable Palm Oil. [online] Available at:http://wwf.panda.org/what_we_do/footprint/agriculture/palm_oil/solutions/roundtable_on_sustainable_palm_oil/[Accessed 25 Aug. 2014]. Mongabay (2011). Malaysian government to launch RSPO rival for palm oil certification. Mongabay. Available from:< http://news.mongabay.com/2011/0802-malaysian_palm_oil_standard.html > Accessed : [25 August 2014] Orangutanrepublik.org(n.d) Mongabay (2011). Malaysian government to launch RSPO rival for palm oil certification. Mongabay. Available from:< http://news.mongabay.com/2011/0802-malaysian_palm_oil_standard.html > Accessed : [25 August 2014] Orangutanrepublik.org(n.d)