FT – Nestlé warns palm oil trade over rainforest destruction

Nestlé is to blacklist palm oil suppliers that do not comply with its responsible sourcing policy as it turns to satellite technology to help identify corporate culprits behind the destruction of rainforests linked to the commodity.

The Swiss food group behind KitKat and Nescafé said it would publish a full list of companies in its supply chain and their compliance with its no-deforestation policies from next March. Those that fail to adhere to its guidelines would be axed.

Read more here.