Latest news with #CSPO
Business Wire
11-06-2025
- Business
- Business Wire
CFP Board Convenes AI Working Group
WASHINGTON--(BUSINESS WIRE)--CFP Board is convening an AI Working Group on June 10-11 at its Washington, D.C., headquarters to explore how artificial intelligence is transforming the financial planning ecosystem and to define the evolving role of human expertise in a tech-powered future. As part of CFP Board's broader strategy to help the profession thrive in an AI-powered world, the group is developing strategic, actionable recommendations to guide the profession forward, helping ensure that technology enhances the human relationships at the core of financial planning. 'AI is not a distant wave. It's already reshaping client expectations and how advisors deliver value,' said CFP Board CEO Kevin R. Keller, CAE. 'CFP Board is taking the lead to help the profession harness AI's potential to elevate financial planning and strengthen engagement.' In partnership with consulting company Heidrick & Struggles and led by CFP Board COO K. Dane Snowden, the AI Working Group brings together financial and technology leaders to explore how the financial planning profession can rise to meet the challenges and opportunities of an AI-driven future. The group is examining emerging trends, real-world use cases and ethical considerations shaping AI adoption across the profession. From enhancing client experiences and streamlining advisor workflows to protecting public trust, the conversations reflect both the complexity and the promise of this pivotal moment. Discussion topics include the Current State of AI, Regulation and The Financial Planner Lens, as well as exercises on exploring future scenarios and evaluating key stakeholder implications. The AI Working Group includes the following members: Andrew Altfest, CFP ®, MBA, Founder and CEO, FP Alpha and President, Altfest Personal Wealth Management Joel Bruckenstein, CFP ®, CMFC, CFS, President, T3 Technology Alan Davidson, former Assistant Secretary of Commerce and Administrator, National Telecommunications and Information Administration Tristan Fischer, Managing Director, Financial Services Consulting, Ernst & Young LLP Tim Foley, Head of Artificial Intelligence Accelerator, LPL Financial David Goldberg, Senior Vice President, Chief Data and Analytics Officer, Edelman Financial Engines Brooke Juniper, CFA ®, CAIA ®, Chief Executive Officer, Sage Trent Mumma, Chief Product Officer, Orion Advisor Solutions Celeste Revelli, CFP ®, BFA ™, CSM ®, CSPO ®, Vice President of Financial Planning Technology, Fidelity Institutional ® (FI) Noah Rosenberg, Chief Financial Officer, Morning Consult Apoorv Saxena, Managing Director, Head of AI/Data Driven Value Creation, Silver Lake Megan Shearer, Ph.D., Senior Data Scientist, Janus Henderson Zar Toolan, General Partner, Head of Data & AI, Edward Jones Brian Walsh, Ph.D., CFP ®, Head of Advice & Planning, SoFi For more information on using AI in financial planning, download CFP Board's Generative AI Ethics Guide, which provides a framework for CFP ® professionals to integrate AI into their practices ethically. ABOUT CFP BOARD CFP Board is the professional body for personal financial planners in the U.S. CFP Board consists of two affiliated organizations focused on advancing the financial planning profession for the public's benefit. CFP Board of Standards sets and upholds standards for financial planning and administers the prestigious CERTIFIED FINANCIAL PLANNER ® certification — widely recognized by the public, advisors and firms as the standard for financial planners — so that the public has access to the benefits of competent and ethical financial planning. CFP ® certification is held by more than 100,000 people in the U.S. CFP Board Center for Financial Planning addresses diversity and workforce development challenges and conducts and publishes research that adds to the financial planning profession's body of knowledge.
Sinar Daily
06-05-2025
- Business
- Sinar Daily
SD Guthrie marks historic tariff-free sustainable palm oil shipment to UK under CPTPP
A total of 8,000 metric tonnes of fully traceable and segregated CSPO, produced entirely from SD Guthrie's supply chain in Sabah, arrived at the company's Liverpool refinery on April 4. SD Guthrie Berhad group managing director,Datuk Mohamad Helmy Othman Basha (centre, sixth from right) celebrates the departure of the first tariff-free palm oil shipment under the CPTPP agreement from Kunak Port, together with the company's senior upstream operations management team in Sabah. United Kingdom's SD Guthrie International Liverpool Refinery manufacturing operations manager Tim Pemberton (fourth from right) dressed in traditional Malay attire, celebrates the arrival of the first tariff-free palm oil shipment from Malaysia to the UK under the CPTPP agreement together with the workers at the refinery. SHAH ALAM - SD Guthrie Berhad has achieved a major milestone in international trade and sustainable agriculture, following the arrival of its first-ever tariff-free shipment of Roundtable on Sustainable Palm Oil-certified sustainable palm oil (CSPO) into the United Kingdom under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). A total of 8,000 metric tonnes of fully traceable and segregated CSPO, produced entirely from SD Guthrie's supply chain in Sabah, arrived at the company's Liverpool refinery on April 4. Describing the shipment as a proud moment for the company, SD Guthrie's Group Managing Director Datuk Mohamad Helmy Othman Basha said the delivery marked a key chapter in strengthening Malaysia–UK trade ties and demonstrated the company's capability to supply top-quality, sustainable palm oil at scale. 'This milestone highlights not only the strength of Malaysia–UK trade relations but also SD Guthrie's strong commitment to ensure quality, traceability and security of sustainable palm oil supply to our discerning customers in the UK,' he said. The cargo, transported aboard the Dolphin 19 from Kunak Port, Sabah, was shipped on Feb 19 and underwent rigorous testing to ensure minimal levels of mineral oil saturated hydrocarbons (MOSH) and aromatic hydrocarbons (MOAH), reinforcing its commitment to food safety and quality. The CPTPP, a high-standard free trade agreement among 11 Pacific Rim nations including Malaysia, came into full effect for the UK on 15 December 2024. As part of the deal, tariffs previously ranging between 2% and 10% on Malaysian palm oil products entering the UK were removed, providing a significant boost to exporters like SD Guthrie. While SD Guthrie's UK-bound supply has traditionally been sourced from its operations in Papua New Guinea, the Sabah-origin shipment reinforces the company's capacity to diversify supply points while maintaining consistent standards. 'Depending on market conditions and customer requirements, we can offer customers the security of supply they need to run their businesses, from Malaysia or PNG,' Helmy added. SD Guthrie's Liverpool refinery plays a vital role in the UK's food industry, supplying approximately 50 to 55 per cent of the nation's palm oil demand. Its products are used widely, from deep fryers in traditional fish-and-chip shops to ingredients in baked goods and iconic British confectionery. Crucially, the consignment's traceability guarantees that every drop of palm oil can be traced back to specific estates and mills within SD Guthrie's Sabah operations. The segregated CSPO supply chain ensures the oil remains uncontaminated by conventionally produced palm oil throughout its journey, from plantation to refinery. More Like This
The Star
02-05-2025
- Business
- The Star
SD Guthrie delivers first tariff-free palm oil shipment under CPTPP to UK
KUALA LUMPUR: SD Guthrie Bhd delivered its first-ever tariff-free shipment of Roundtable on Sustainable Palm Oil (RSPO)-certified sustainable palm oil (CSPO) to the United Kingdom (UK) under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). In a statement today, the company announced that its SD Guthrie International Liverpool Refinery received 8,000 tonnes of fully traceable and segregated CSPO. The cargo was shipped aboard the Dolphin 19 from Kunak Port, Sabah on Feb 19. The CSPO had also undergone stringent testing to ensure low levels of mineral oil saturated hydrocarbons and mineral oil aromatic hydrocarbons, it added. "The CPTPP is a free trade agreement initially signed in 2018 by 11 Pacific Rim countries, including Malaysia. The agreement removes most tariffs while promoting economic integration and maintaining strong labour and environmental protections among its member states. "With the UK's official membership in the CPTPP taking effect on Dec 15, 2024, tariffs on crude palm oil and its derivatives imported from Malaysia into the UK have been eliminated. Previously, these tariffs ranged from two per cent to 10 per cent,' it said in a statement today. SD Guthrie group managing director Datuk Mohamad Helmy Othman Basha said the shipment highlighted not only the strength of the Malaysia-UK trade relations but also the company's strong commitment to ensure quality, traceability and security of sustainable palm oil supply to customers in the UK. For over a decade, SD Guthrie's Liverpool refinery has been the company's gateway for CSPO to enter the UK market, supplying approximately 50 per cent to 55 per cent of domestic palm oil demand. Its refined products are widely used for deep-frying in fish-and-chip shops across the country and as key ingredients in the production of many popular brands of biscuits, baked goods and British confectionery favourites. "While our supply chain in Papua New Guinea (PNG) has been and remains the main source of our products for the UK market, this latest shipment originating from our supply chain in Sabah underscores our capability to provide consistent and stable supply of CSPO to the UK, while maintaining the highest standards of quality, sustainability and food safety. "Depending on market conditions and customer requirements, we can offer customers the security of supply they need to run their businesses, from Malaysia or PNG,' he added. - Bernama
New Straits Times
02-05-2025
- Business
- New Straits Times
SD Guthrie delivers maiden tariff-free sustainable palm oil to UK under CPTPP
Previous Next KUALA LUMPUR: SD Guthrie Bhd has delivered its first tariff-free sustainable palm oil to the United Kingdom under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). SD Guthrie International Liverpool Refinery on April 4 received the 8,000 tonnes of fully traceable and segregated Roundtable on Sustainable Palm Oil (RSPO)-certified sustainable palm oil (CSPO). The cargo, shipped aboard the Dolphin 19 from Sabah's Kunak Port on Feb 19, underwent rigorous testing to ensure it met stringent standards. This includes low levels of mineral oil saturated hydrocarbons (MOSH) and mineral oil aromatic hydrocarbons (MOAH). The CPTPP, a landmark free-trade pact initially signed in 2018 by 11 Pacific Rim countries including Malaysia, eliminates most tariffs and promotes economic integration, while upholding robust labour and environmental standards. With the UK's official membership of the agreement coming into effect on Dec 15 last year, tariffs ranging from 2.0 to 10 per cent on Malaysian crude palm oil and its derivatives were lifted. SD Guthrie group managing director Datuk Mohamad Helmy Othman Basha said the shipment highlights the strength of Malaysia–UK trade relations and the company's strong commitment to ensure quality, traceability and security of sustainable palm oil supply to customers in the UK. For over a decade, SD Guthrie's Liverpool refinery has been the company's gateway for CSPO to enter the UK market, supplying 50-55 per cent of domestic palm oil demand. The refined products are widely used for deep-frying in fish-and-chip shops across the country and as key ingredients in the production of many popular brands of biscuits, baked goods and British confectionery favourites. "While our supply chain in Papua New Guinea has been and remains the main source of our products for the UK market, this latest shipment originating from our supply chain in Sabah underscores our capability to provide consistent and stable supply of CSPO to the UK, while maintaining the highest standards of quality, sustainability and food safety. "Depending on market conditions and customer requirements, we can offer customers the security of supply they need to run their businesses, from Malaysia or Papua New Guinea," Helmy added.
