Palmoil.io Newsletter - August 2024

Palmoil.io brings exciting updates! Discover advanced mapping tricks from our recent webinar, including tools for sharper EUDR compliance and a new GeoJSON feature to keep you legally covered. We’ve hit a milestone with over 1,000 risk insights, helping you stay ahead in tracking deforestation risks. Dive into our 3D Map View for a fresh perspective on your supply chain, and check out our new 6-month EUDR risk assessment subscription to stay fully compliant. Plus, get the inside scoop on what you need to do for your next palm oil shipment under EUDR rules.

What’s new?

Feature Highlight: Maps 101: Tips & Tricks

The webinar provided an in-depth exploration of Palmoil.io’s advanced mapping features. The session covered essential tools like zooming, base map switching, and metric layers for forest cover, deforestation alerts, and GHG emissions. Attendees learned how to leverage specialized tools such as the Coordinate Tool, 3D View, and Full Screen Mode for more precise and comprehensive analysis. The webinar also introduced future updates, including new metric layers focused on EUDR compliance, and highlighted subscription plans for in-depth risk assessments. The Q&A session addressed common questions about data sources and customization options. Overall, the webinar offered practical insights into maximizing Palmoil.io's mapping capabilities, helping our users to make data-driven decisions with greater accuracy and efficiency.

Leo attends spatial cluster event in NYC

While perhaps more famous for investment banks and corporate headquarters, New York City is also a global tech hub with a burgeoning geospatial scene. Last month, Space Capital, a NY-based space investor, brought business leaders from across the city's diverse scene for food, drinks, and conversation. Our founder, Leo Bottrill, joined in to discuss the latest and greatest in decision-making, disaster response, and business intelligence technology. Leo caught up with luminaries from companies such as Mapbox and Carto and was excited to see so many other companies addressing climate change and other environmental issues.

A presentation by Space Capital's laid out the challenges to monetizing space-based infrastructure and ensuring the commercial success of these technologies. This is a perennial issue. Launching satellites is, after all, still an expensive and risky endeavor. but with its expertise finance and tech, New York can continue growing its position as a leading space-tech hub. We look forward to being part of it.

Legal Risk/Grievances linked to Palmoil.io Plot Check

The GeoJSON download feature in Plot Check is designed to mitigate legal risks and address grievances by providing comprehensive and traceable data. This feature includes unique IDs and shipment IDs that enable seamless linking of GeoJSON data to other related reports. The unique ID remains consistent across different shipments, enhancing data tracking and ensuring continuity. The data is carefully cleaned and formatted to be fully compatible with the European Union's Data Distribution Service (EU DDS) information system. This attention to detail ensures that the data integration is smooth and effective. As the EU DDS system evolves and becomes fully operational, we are committed to making ongoing adjustments to the GeoJSON data to maintain compatibility and meet emerging requirements.

We now have over 1,000 Risk Insights

If you are familiar with Palmoil.io, you’d know that we take pride in our analyst-reviewed risk insights. We don't rely solely on algorithms—our analysts manually review alerts with high-resolution imagery and trace any deforestation to the nearest mill. This takes time and expertise, but it's a proven methodology for correctly identifying and quantifying palm-related deforestation. The reports cover cases that are potentially EUDR risk and are traceable to the plot; and we have now completed over 1000 of these risk insights in Palmoil.io. With deforestation rates spiking, Risk Insights help our subscribers remain observant about deforestation risks facing their supply chain.

Tip of the month

3D Map View

Did you know you can explore 3D maps on Palmoil.io? Our platform offers sophisticated tools, including a 3D view for in-depth visualization, a map showcasing supplying mills, and global refinery links. These features significantly enhance our capability to analyze and interpret geographic and logistical data. By zooming into mountainous areas, you can view RADD alerts that highlight various land uses. Small alerts on steep terrain are less likely to be oil palm plantations, which helps in distinguishing between palm plantations and other land uses. This detailed view offers a clearer contrast between different land types and its distribution, allowing you to better understand the land, terrain, and contours you’re working with.

Benefit of the month

6-month EUDR risk assessment subscription

Palmoil.io is offering a 6-month EUDR Risk Assessment subscription that provides comprehensive access to EUDR risk insights, deforestation analytics, and mill traceability. Subscribers can use the Plot Check tool to securely analyze plot boundaries for compliance and access detailed reports on forest conversion risks. The service includes mill list analysis, supplier risk assessments with updated deforestation data, and tools for preparing Due Diligence Statements. Specializing in palm oil supply chains since 2017, Palmoil.io delivers expert, evidence-based monitoring to help businesses ensure EUDR compliance. For more information or to sign up, visit palmoil.io/eudr or contact support@maphubs.com.

Understanding the EUDR

You may be asking yourself now “What do I need to do for EUDR? What needs to be done now, and what needs to be done for each shipment or batch?” Palmoil.io got you covered, below is a summary for Articles 9 - 12 of the main requirements for EUDR.

To comply with the EUDR, you need to take specific actions both now and for each shipment or batch. Initially, you should conduct a risk assessment to identify any potential issues. Palmoil.io can assist with this, particularly with deforestation-free checks. However, these checks must be performed for each shipment, as new oil palm might have been planted, or deforestation might have occurred since the previous shipment. Palmoil.io updates its data and Risk Insights reports monthly, ensuring you have the most current information to meet EUDR requirements.