“A group of palm oil and timber companies that have pledged to eliminate deforestation from their supply chains have agreed to establish a standard for determining what constitutes “forest” in terms of carbon storage.
Asia Pulp and Paper (APP), Cargill, Golden Agri-Resources (GAR), Golden Veroleum Liberia, Wilmar, Agropalma and New Britain Palm Oil have agreed to establish a body that standardizes the High Carbon Stock (HCS) Approach, the methodology being used to implement zero deforestation commitments.”