MPOB-UKM ENDOWMENT CHAIR

 

Enhancing Malaysia Palm Oil Global Activities As A Sustainable Product Through Strategic Focus Alignment With The Council Of Palm Oil Producing Countries (CPOPC)

Cluster Research Grant, 2024

Abstract

The palm oil industry is under heightened scrutiny and criticism due to mounting concerns about sustainability, environmental impact, and social responsibility. While the Council of Palm Oil Producing Countries (CPOPC) has been instrumental in promoting sustainable practices and improving the global image of palm oil, it is essential to explore additional strategic activities beyond CPOPC's efforts to further enhance the perception of palm oil as a sustainable product. This executive summary outlines a proposal to identify and implement these complementarily independent strategies through international collaboration.
Objectives
• Diversify Strategic Activities: Identify and implement new strategic activities that complement and extend beyond CPOPC’s initiatives to promote sustainable palm oil practices.
• Strengthen International Collaboration: Foster stronger international partnerships with stakeholders in the palm oil supply chain to create a unified approach towards sustainability.
• Enhance Public Perception: Develop comprehensive communication strategies to improve the global perception of palm oil as a sustainable and socially responsible product.
• Promote Innovation and Research: Invest in innovative technologies and research to advance sustainable practices in the palm oil industry.
The proposed methodology includes conducting a literature review, surveys, interviews, and case studies to gather data and insights into the global perception of palm oil and the effectiveness of CPOPC initiatives. Data analysis will be conducted to identify patterns, trends, and key findings, which will inform the development of recommendations and strategies for enhancing the global perception of palm oil.
The expected outcomes of this research include a better understanding of consumer attitudes towards palm oil, insights into the effectiveness of initiatives, and recommendations for international collaboration to promote sustainable palm oil production. By implementing these strategies, the palm oil industry can improve its image and strengthen its position in the global market, ensuring long-term sustainability and viability.
In conclusion, this proposal outlines a comprehensive plan for enhancing the global perception of palm oil as a sustainable product through collaboration with CPOPC. By leveraging international partnerships and promoting sustainable practices, the palm oil industry can overcome challenges and secure its place as a vital contributor to the global economy while preserving environmental and social values.

Project Leader

Lokhman Hakim Osman (Faculty of Economics and Management, Universiti Kebangsaan Malaysia (UKM), lokhman@ukm.edu.my)