The ten companies officially joined the Southeast Asia Alliance for Sustainable Palm Oil (SASPO), a business initiative led by the World Wide Fund for Nature Singapore aiming to lower barriers to sustainable sourcing policies. Formed in 2016 with Danone, Ayam Brand, Wildlife Reserves Singapore, IKEA, and Unilever, SASPO has experienced a 200% spike in new membership, according to the initiative.
"Numerous beauty and food products use palm oil, a popular replacement for hydrogenated vegetable oils and other emulsifiers, Triple Pundit reported. Demand has grown for palm oil, but production is rife with social and environmental issues not limited to deforestation and forced labor. Currently 85% of the world’s palm oil comes from Southeast Asia, Channel NewsAsia noted."