Unilever Palm Oil Completely Sustainable by Year's End
October 31/New York/Dow Jones Newswires -- Netherlands-based consumer product giant Unilever (UN) has reduced the use of palm oil in its food products but is using more of the oil in its non-food products, so overall consumption has remained flat in recent years, a senior company executive said Wednesday.
In addition, all of the palm oil the company uses will be "sustainable" by the end of this year, three years earlier than its targeted date, but more than 90% of the volume consumed will be considered sustainable based on the company's purchase of so-called GreenPalm certificates, development director Jan Kees Vis told Dow Jones Newswires on the sidelines of an industry event.