Palm Oil



Links to the TEEBAgriFood Valuation Framework

This document provides a brief outline of the Palm Oil study commissioned by the UN Environment TEEB Office. This note contextualizes the study within the larger mandate of TEEBAgriFood. Specifically, it presents the objectives of the study, the methodologies employed, the results, and future work that may be commissioned to meet the goals of the TEEBAgriFood project in the context of the comprehensive and universal valuation framework of TEEBAgriFood. [ read the document ]


Improving business decision making: Valuing the Hidden Costs of Production in the Palm Oil Sector

The report demonstrates how natural and human capital accounting can be used to understand and reduce the environmental and human impact costs of palm oil production. It was commissioned by TEEB as part of a series of studies for its Agriculture and Food (TEEBAgriFood) project.

This research is organized in two parts. First, a materiality assessment quantifies and monetizes a selection of material natural capital impacts of palm oil across the 11 leading producer countries. This is followed by a case study that quantifies and monetizes natural capital impacts in more detail in Indonesia, the largest palm oil producer, and also quantifies and monetizes a selection of human capital impacts. A scenario analysis illustrates how natural and human capital accounting can be used in Indonesia to compare a selection of alternative techniques for growing palm oil which may lower impact costs.

The scope of the research is limited to palm oil production and its supply chain for inputs such as fertilizers and pesticides. This approach was chosen rather than a full value chain assessment because this is where most natural capital impact costs occur.


» Read the Executive Summary

» Download Full Study


The study on Palm Oil has been commissioned by UNEP TEEB to: TrucostTrue Price & RSPO



TEEB is hosted by the UNEP and «TEEB for Agriculture & Food» is supported by the European Commission,
the Global Alliance for the Future of Food and the Government of Norway. 


Latest Publications

TEEBAgriFood Interim Report

The Interim Report introduces the key questions, issues and arguments to be addressed by TEEBAgriFood.

Read more

Towards TEEBAgriFood

TEEB is bringing together economists, business leaders, agriculturalists and experts in biodiversity and ecosystem services to systematically review the economic interdependencies between agriculture and natural ecosystems, and provide a comprehensive economic valuation of eco-agri-food systems. Alexander Müller, TEEB for Agriculture & Food…

Read more

TEEB Challenges and Responses

TEEB ‘s progress, challenges and responses towards mainstreaming the economics of nature. [ENG] [ESP]

Read more

TEEB for Agriculture & Food Concept Note

February 2014- The Concept Note presents the case for and proposed outline content of a TEEB for Agriculture & Food study.

Read more

Natural Capital Accounting and Water Quality: Commitments, Benefits, Needs and Progress

December 2013 – The briefing note outlines existing guidance and examples on water quality accounting and identifies the ongoing challenges related to the development of natural capital accounting and water quality accounting. Inspired by the growing global focus on natural capital accounting, the note identifies the ongoing challenges related to the development of natural capital accounting and water quality accounting, in order to encourage debate and commitment towards effective water and biodiversity policy.

Read more