{"id":2400,"date":"2021-04-13T04:04:51","date_gmt":"2021-04-12T21:04:51","guid":{"rendered":"https:\/\/hellonimbly.home.blog\/?p=2400"},"modified":"2021-07-09T18:04:58","modified_gmt":"2021-07-09T11:04:58","slug":"rspo-certification-improve-palm-oil-companies-profitability","status":"publish","type":"post","link":"https:\/\/hellonimbly.com\/th\/rspo-certification-improve-palm-oil-companies-profitability\/","title":{"rendered":"How RSPO Certification Can Improve Palm Oil Companies Profitability"},"content":{"rendered":"<p class=\"wp-block-paragraph\">It is increasingly clear that RSPO certification is positively correlated with the increase of a palm oil company's profitability. The existing evidence has encouraged many palm oil companies to have RSPO certification by implementing sustainable business processes.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The following are two explanations of how the RSPO certification can improve Palm Oil Companies profitability:<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/hellonimblyhome.files.wordpress.com\/2021\/04\/09_rspo-certification_blog-long.png\" alt=\"\" class=\"wp-image-2403\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Selling Crude Palm Oil at A Higher Price<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Referring to Dr Steffen Preusser's paper on 34 palm oil companies certified by the Roundtable on Sustainable Palm Oil (RSPO), companies with more than 40% RSPO certified growing area are able to sell crude palm oil at the global market up to $690 per metric ton.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It is 6.84% higher than the normal average price of the crude palm oil. Compared to companies that are only 20% or less certified, their average crude palm oil price is only around&nbsp; $ 570 per metric ton.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Upgrading Operational Indicators to The Max<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">In addition to increasing the value of its products, initiating RSPO certification drives palm oil companies to intensify their operations, documentation systems, employment relationships and other internal factors. As a result, it goes to the profitability increase.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The World Wildlife Fund's 2012 report corroborates the fact that companies with a greater proportion of RSPO-certified planted areas experience higher yields and oil extraction rate.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Key Takeaway<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">To sum up, sustainability and profitability are two essential things which in fact can be positively correlated to one another.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This is also an impetus for palm oil companies to continue applying sustainable systems in operating their business.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Embark your journey to success with Nimbly, a digital audit tool which helps your company to simplify all business processes and achieve maximum profit.\u00a0<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/hellonimbly.com\/?utm_source=Infographic_RSPOCertificationForPalmOilCompanies&amp;utm_medium=CTA_IssueTracker&amp;utm_campaign=ProductEducation#request-demo\"><img decoding=\"async\" src=\"https:\/\/hellonimblyhome.files.wordpress.com\/2021\/04\/4.-product-edu_cta-issue-resolution.png?w=1024\" alt=\"\" class=\"wp-image-2402\" \/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>","protected":false},"excerpt":{"rendered":"<p>The following are two explanations of how the RSPO certification can improve Palm Oil Companies profitability<\/p>","protected":false},"author":205847466,"featured_media":2407,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_crdt_document":"","_uf_show_specific_survey":0,"_uf_disable_surveys":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false,"jetpack_post_was_ever_published":false},"categories":[1894],"tags":[2088,2238],"class_list":["post-2400","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-agriculture","tag-palm-oil","tag-profit-maximization"],"acf":[],"aioseo_notices":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/hellonimbly.com\/wp-content\/uploads\/2021\/04\/social-media_apr_05_rspo-certification.png?fit=1281%2C721&ssl=1","jetpack_likes_enabled":false,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pd19a7-CI","_links":{"self":[{"href":"https:\/\/hellonimbly.com\/th\/wp-json\/wp\/v2\/posts\/2400","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hellonimbly.com\/th\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hellonimbly.com\/th\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hellonimbly.com\/th\/wp-json\/wp\/v2\/users\/205847466"}],"replies":[{"embeddable":true,"href":"https:\/\/hellonimbly.com\/th\/wp-json\/wp\/v2\/comments?post=2400"}],"version-history":[{"count":1,"href":"https:\/\/hellonimbly.com\/th\/wp-json\/wp\/v2\/posts\/2400\/revisions"}],"predecessor-version":[{"id":2740,"href":"https:\/\/hellonimbly.com\/th\/wp-json\/wp\/v2\/posts\/2400\/revisions\/2740"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hellonimbly.com\/th\/wp-json\/wp\/v2\/media\/2407"}],"wp:attachment":[{"href":"https:\/\/hellonimbly.com\/th\/wp-json\/wp\/v2\/media?parent=2400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hellonimbly.com\/th\/wp-json\/wp\/v2\/categories?post=2400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hellonimbly.com\/th\/wp-json\/wp\/v2\/tags?post=2400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}