Traceability can be a powerful step on the journey towards sustainability. Transparency in the supply chain is of great value, for a variety of stakeholders. For companies, it creates opportunities to engage with their suppliers, and to manage risk. For NGOs, it is a verifiable basis for dialogue with companies, on their implementation of sustainability commitments. For both, it identifies opportunities for improvement.
This is the rationale behind a stakeholder engagement assignment for FoodReg, provider of the “KnownSources” traceability platform developed for the palm oil industry. Today, more than 50% of all palm oil produced globally is traced through the KnownSources platform.
Wilmar International, the worlds largest palm oil company, uses KnownSources since 2013. “Many days were spent pursuing our suppliers, collecting data and plotting maps, in order to be able to achieve transparency of our originating CPO mill sources. (…) Traceability is useful because the information can be utilised to evaluate our suppliers’ performance against our policy, and to engage with our supply base to achieve improvements where needed”, says Wilmar in its “2013-2015 Progress Report”.