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To trade credits on the PalmTrace platform, you need to be an RSPO member. Calculate your palm (kernel) oil usage per year and choose a membership type accordingly. Here you can find detailed information about types of memberships. Click here to directly apply.
1. Create an RSPO PalmTrace account here
2. Set your company up for credit trading by filling in the form at (link). Send the form to firstname.lastname@example.org
3. You will recieve an e-mail when your setup is complete
Your are now able to place bids and buy RSPO credits online. Off market deals are also reported on the PalmTrace platform. Enjoy transforming the market!
Once you have been setup on PalmTrace, you can place bids on a variety of credits that are clearly listed on the platform. These bids are placed anonymously; the producers will not know who has placed the bid and you do not know who produced the credits you are trying to buy. This ensures a level playing field for both buyers and sellers. Once a credit producer has accepted your offer on their credits, both parties will know who they have traded with. You will then also have all the information on the origin of your credits.
RSPO credit trading offers you the opportunity to buy according to the current needs and wants of your company. There are various options available. You can choose to account for your total palm oil usage through buying credits, or account for only a part of it. Another option is to combine offsetting through credits with sourcing RSPO Segregated or Mass Balance certified palm (kernel) oil. You have to make sure the claims you make on products comply to the supply chain model(MB, SG or credits). For examples on how you can communicate your efforts through claims, please see the information on conversions, claims and fees.
The PalmTrace platform has multiple credits on offer that will cater to your company’s need when offsetting used palm oil products. The following credits are available:
Certified Sustainable Palm Oil Credits
Certified Sustainable Palm Kernel Expeller Credits
Certified Sustainable Palm Kernel Oil Credits
Certified Sustainable Palm Oil credits that have exceeded the Principles and Criteria by additional, voluntary action and policy on the themes of No Deforestation, No Fire, No Planting on Peat, Reduction of Green House Gasses, Respect for Human Rights and Transparency. To claim you are participating in RSPO NEXT, you have to adhere to the following criteria as a buyer.
Independent Smallholder - Certified Sustainable Palm Oil Credits are produced from fresh fruit bunches grown by independent smallholders. These credits can be distinguished by their IS – prefix in PalmTrace.
Independent Smallholder - Certified Sustainable Palm Kernel Expeller Credits are produced from fresh fruit bunches grown by independent smallholders.
Independent Smallholder - Certified Sustainable Palm Kernel Oil Credits.
*Please note: These credits can be distinguished by their IS – prefix in PalmTrace.
Information on off-market deals and supporting independent smallholders.
More on offsetting your palm oil usage, hot to use credits for claims and PalmTrace fees
Read more on if and how your company will be audited for using PalmTrace credits.