Action for Sustainable Derivatives (ASD), a collaborative initiative between users of palm oil derivatives users to transform their supply chains, has announced plans to pool funding to support to “an on-the-ground project in a priority region that has strong supply chain links and systemic environmental and human rights challenges”. The ASD Impact Fund was developed in partnership with Tides Foundation.
Action for Sustainable Derivatives (ASD), a collaborative initiative between users of palm oil derivatives users to transform their supply chains, has announced plans to pool funding to support to “an on-the-ground project in a priority region that has strong supply chain links and systemic environmental and human rights challenges”. The ASD Impact Fund was developed in partnership with Tides Foundation.
Those participating are Croda International, Estée Lauder, GSK Consumer Healthcare, Natura & Co, Seppic and Stéarinerie Dubois. They have undertaken a process to identify existing projects that address underlying issues influencing responsible practices in palm production landscapes. The funding model will enable them to collectively direct resources to those projects, they said.
