22 Mar 2017 --- According to the latest analysis from the Zoological Society of London (ZSL) there are large masses on land used in connection with corporate palm oil production than currently are not reported - with several global palm oil producers failing to publicly disclose their total land holdings.

The international conservation charity’s analysis reveals almost one million undisclosed hectares “missing” from corporate palm oil land banks.

Conducted by ZSL’s specialist SPOTT team (Sustainable Palm Oil Transparency Toolkit), the new report - called Hidden Land, Hidden Risks - found that many companies frequently report on the areas of planted land they hold, rather than the total land under their management.

This misreporting potentially excludes vast areas of land at environmental and social risk – such as undeveloped land that, if converted into plantations in the future, could be at risk of environmental damage, including deforestation.

Unreported areas could also include infrastructure areas (e.g. roads) where negative impacts must be mitigated, or areas set aside for the conservation of critically endangered forest species such as Sumatran tigers and orangutan, where positive impacts must be demonstrated.

Transparent reporting on these ‘land banks’ is regarded as a fundamental cornerstone for palm oil growers in demonstrating their sustainability commitment, according to the ZSL.

Speaking with FoodIngredientsFirst ZSL’s SPOTT palm oil manager Izabela Delabre explains the importance of comprehensive reporting on land holdings and how essential it is for greater accountability in the palm oil sector.

“Producers can’t manage what they can’t measure. While some companies are failing to disclose this information publicly through platforms such as the Roundtable on Sustainable Palm Oil (RSPO), some may even lack accurate figures on their holdings,” she said.

“There is a lack of clear expectations on transparency and reporting. ZSL’s SPOTT initiative is working to bring clarity to this, by working with other stakeholder groups and reporting initiatives, to clearly communicate to companies what is expected from stakeholders in terms of disclosure of information.”

“There is also lack of understanding across the industry, including from investors, that unplanted areas are important to report on, in terms of assuring against environmental and social risks. Some companies might not declare how much unplanted land they hold because they may have yet to assess its suitability for development. Land may also be at different stages in the permitting process, complicating disclosure of total land under management.”

Source: Food Ingredients First