11 August, 2022

First sustainable oil palm producing farm certified in Panama

PABO operates a plantation of 1,930 hectares located in the Province of Chiriquí in the west of the country, which has been endorsed with the seal and guarantee of the Round Table on Sustainable Palm Oil, RSPO (for its acronym in English).

Editorial Dept. Voz de la Diaspora

Panama – The company Industrias Panama Boston (PABO) became the first in the country to obtain an international certificate for sustainable oil palm production, after complying with an audit process of production procedures, human resource management, and impacts on the environment.

PABO operates a plantation of 1,930 hectares located in the Province of Chiriquí in the west of the country, which has been endorsed with the seal and guarantee of the Round Table on Sustainable Palm Oil, RSPO (for its acronym in English).

The CEO of the company, Carlos Ortiz said that the company, whose production in a 90% is exported, showed that their crops do not impact the forests since they occupy old pastures, and that with good management both the soil and the vegetation cover and the microbial life have recovered.

Ortiz explained that in general oil palm cultivation has the property of helping to capture CO2 with about 11 tons per hectare of planting, It is also one of the crops that requires fewer agrochemicals., while the oil can be used as a raw material for a renewable energy source such as biofuels..

He added that through environmentally and socially responsible cultivation, a significant economic impact is generated in the region that reaches suppliers and communities., In addition to the generation of jobs that are occupied in a 85 hundred by workers who come from the Ngäbe Buglé Comarca.

African palm oil (Elaeis guineensis) is the most used in the world, of every ten products that contain oil, seven include palm oil, according to PABO.

Globally, 19,3 percent of palm oil is certified, as the market demands sustainable palm oil, that demonstrates that the operation complies with the legal requirements, that it is economically viable, environmentally appropriate and socially beneficial”.

With this objective, the Round Table on Sustainable Palm Oil (RSPO) with its headquarters in Malaysia promotes the certification standard in principles and criteria, that establishes compliance metrics.