OLEOFINOS' WORLD

Corporate policy


Procurement Policy of Sustainable Palm Oil Industrializadora Oleofinos S.A. de C.V.

Introduction

Oleofinos is a company dedicated to refine palm oil to supply industries in the food sector, processing of milk formulas and personal care. The sustainable palm oil is a nourishing raw material whose production among vegetable oils, is the most efficient in terms of land use.

Policy Framework
Considered as the basis of principles and criteria (P&C) on which is founded, Oleofinos' supply policy of sustainable palm oil, is designed to promote market development, focusing on stopping deforestation, protecting all peatlands, promoting a positive economic and social impact on people and their communities, as well as to ensure traceability of the origin of the palm oil through its supply chain from plantations, to collection centers and extraction mills. 

Compromise
Oleofinos is committed to eliminate any kind of burning, cutting or deforestation from its supply chain and create a positive impact for workers, farmers and local communities. As result, Oleofinos is committed to ensuring that all the palm oil used, has to be traceable to fully identified sources.

Principles of sustainable palm oil.
1. Palm oil suppliers of Oleofinos must demonstrate the implementation or deployment of a traceability system in order to provide evidence of the origin of the plantations, where it is shown that they are not taking natural reserves or protected areas for palm oil plantations, without any developing at High Conservation Value (HCV) zones or High Carbon Stock (HCS) forest and using HCSA methodology.

2. Palm Oil suppliers of Oleofinos must have a quality system that ensures that the processes are traceable in a consistent manner, as well as establishing best practices on their plantations, a policy for new plantations, respect for buffer zones, waste water treatment, etc.

3. Palm oils suppliers must subscribe a supply contract with Oleofinos.

4. Respect and support for the Universal Declaration of Human Rights.

5. Respect and recognition for the rights of all workers.

6. Respect for the rights of land tenure.

7. Respect for the rights of indigenous and local communities, to grant or deny their Free Prior and Informed Consent (FPIC), about palm expansion plans in lands over which they have legal, communal or customary rights.

8. Facilitate the integration of small holders to the supply chain through advice and training in Mexico.

9. Resolve conflicts and valid claims through an open, transparent and consultative process.

Complying with corporate platforms of safety, quality and innovation we reiterate our fundamental commitment to abide with the provisions mentioned in the 8 RSPO principles applied in our daily activities strengthening our business strategy in the different divisions of our organization.

Sincerely

Industrializadora Oleofinos S.A. de C.V.