Sri Trang Agro-Industry joins GPSNR

PRESS RELEASE

Global Rubber Industry kickstarts a plan for equitable distribution of costs and benefits of sustainability in their supply chain

Singapore, 14 July 2022: Members of the Global Platform for Sustainable Natural Rubber (GPSNR), who represent 55% of the rubber value chain, convened their annual General Assembly yesterday, where they defined and charted out a path for a concept they call shared responsibility. This concept acknowledges the lack of equity in the natural rubber supply chain and charts out a mechanism where the costs and benefits of the platform’s sustainability initiatives will be equitably distributed across all actors within the supply chain.

To this end, GPSNR members passed a resolution that binds them to a shared responsibility framework with 3 pillars – Shared Investments, Value Transfer & Target setting, and Knowledge & Data sharing – which will help share the costs and benefits across all actors in the value chain. Each stakeholder group has a different role to play to contribute to a sustainable natural rubber sector and within the three pillars. By the third quarter of 2023, each of the three pillars will be in the testing, implementation or pilot stage of their specific goals.

According to GPSNR director Stefano Savi, “Systemic change does not happen overnight. While we have been putting together pillars on the sustainability side of our vision, this is our first pillar that also requires commitment to an equitable supply chain. With this shared responsibility framework, parties from across the natural rubber value chain are agreeing to take accountability for sustainability in an equitable and fair manner. As we work to translate this to actionable outcomes, I hope more stakeholders will join us, and existing ones will be inspired to accelerate the process of changing our supply chain.’’

In addition to voting on resolutions like the shared responsibility framework, GPSNR members also voted in a guidance for implementation of the policy framework that they all abide by, which includes some stringent commitments on deforestation and human rights. They also voted on some procedural resolutions on their statutes and elected representatives to the 2022-2023 Executive Committee, which comprises representatives from each of the membership categories.

Access the Shared Responsibility Framework here.

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About GPSNR: 

GPSNR is an international membership driven platform set up to define sustainability for the natural rubber value chain. It brings together various stakeholders to a common ground based on fairness, equity and environmental sustainability. More on sustainablenaturalrubber.org

For more information, please contact:

Bani Bains

Communications Manager

Email: bani.bains@gpsnr.org

Ph: +65 97268165

This full-time educational program enrolls a talented pool of diverse students from across the globe and includes academic courses such as Geopolitics, Economics, Asian Cultures and International Business in Asia. For the course ‘Company Project’, which is aimed at giving the participants broad practical knowledge, students interact and work closely with corporate companies and organizations. For the 2019 course, students had the option of choosing from a list of 5 unique partner companies/organisations, which ranged from the likes of International Finance Corporation (IFC) and South East Asia based mobility service provider Grab, and which were involved in different types of sectors including NGOs, FinTech, Healthcare, Mobility. 30 Students who were interested in working with non-profit organizations in Asia were selected to work with GPSNR as their host organization.

As a partner organization for the program, GPSNR was given the responsibility of assigning a research project to the selected group of highly motivated students, who will work on the given topic for a duration of two and a half months. After discussions with the strategy and objective Working Group, ‘Equity in the Natural Rubber supply chain’ in Asia, with main focus on China, Thailand and Indonesia, was concluded to be the chosen main topic of research for the participants. The research will focus on better understanding the cost benefit analysis at different levels of the supply chain, including social and environmental externalities. Students will work on this research project, the findings of which will be submitted to the platform by 12 September 2019.  

Increasing engagement with research organizations and academic institutions such as ESSEC Business School in Singapore, to ensure a science based approach to sustainability in the rubber industry, will remain a key objective for the Platform.