Different Credit Types
On the PalmTrace platform, a variety of credits are on offer to provide for every desired demand from buyers and production possibilities & facilities of sellers. The different types of credits are listed below.
CSPO
Certified Sustainable Palm Oil Credits. The most ‘traditional’ credit sold, this credit represents the oil derived from the fruit of the oil palm. Palm oil is used in a wide variety of products, such as cosmetics and consumer foods.
CSPKE
Certified Sustainable Palm Kernel Expeller Credits. CSPKE credits represents a by-product of the crushing and expelling of oil from palm kernels. The components of Palm Kernel Expeller are often used in compound feeds for livestock.
CSPKO
Certified Sustainable Palm Kernel Oil Credits. Credits representing the oil drawn from palm kernels, which is for example used in home and personal care products.
RSPO NEXT
RSPO NEXT Credits are certified sustainable palm product credits that have exceeded the RSPO Principles and Criteria. This has been accomplished by additional, voluntary action and policy from both producers and buyers on the themes of No Deforestation, No Fire, No Planting on Peat, Reduction of Green House Gasses, Respect for Human Rights and Transparency. Although these efforts are voluntary, they are strictly monitored by independent accredited certification bodies to make sure the RSPO NEXT claim is legitimate. To claim they participate in RSPO NEXT, producers and buyers have to adhere to specific criteria that can be found here.
All of the credits named above are also available as credits distinctively produced from fresh fruit bunches grown by independent smallholders. These credits can be distinguished by their IS – prefix. If you wish to buy credits from independent smallholders, look for IS – CSPO, IS – CSPKE, IS – CSPKO and IS – RSPO NEXT credits in PalmTrace.
IS – CSPO
Independent Smallholder - Certified Sustainable Palm Oil Credits are produced from fresh fruit bunches grown by independent smallholders.
IS – CSPKE
Independent Smallholder - Certified Sustainable Palm Kernel Expeller Credits are produced from fresh fruit bunches grown by independent smallholders.
IS – CSPKO
Independent Smallholder - Certified Sustainable Palm Kernel Oil Credits.
*Please note: These credits can be distinguished by their IS – prefix in PalmTrace.