BASF has partnered with Cargill, Procter & Gamble and German Development Agency GIZ to build a sustainable and transparent supply chain for coconut oil in the Philippines and Indonesia. The partnership is organized under a German Federal Ministry for Economic Cooperation and Development (BMZ) program.

Through the process, I gained an insight into the current state of corporate sustainability: how far it's come in this sector, and how far it still needs to go. Here are three themes that emerged.

US toy firm Radio Flyer has revealed its safer material strategy in a webinar this week on the Chemical Footprint Project (CFP).

Radio Flyer

Supplier collaboration and sustainability can drive innovation and growth in top supply chains, but only 43 percent of suppliers feel fully empowered to collaborate with their partners, says new research from 3M. Surveying 237 suppliers across the U.S., the report uncovers insight on the most urgent trends, opportunities and challenges facing suppliers today.

This month BNP Paribas, the world's seventh-largest financial institution, announced a new palm oil policy that sets responsible palm oil production as a pre-condition for financing. The policy requires that companies receiving financing protect forests and indigenous people. It also requires companies to adhere to strict human rights and labor standards, end the use of hazardous pesticides, and reduce greenhouse gas emissions, among other significant measures. The move charts a new path for responsible financing that all major financial institutions should follow - or else face the growing consumer backlash against environmentally destructive institutions.

A cap-and-trade bill proposed last month by California state Sen. Bob Wieckowski also would set aside hundreds of millions of dollars for the California Climate and Clean Energy Research Fund. The bill is headed to a Senate committee hearing, which hasn't yet been scheduled.

British supermarket group Sainsbury's has launched its own in-house sustainability standard, provoking backlash from The Fairtrade Foundation and Fairtrade producers alike. Developed as part of its Sustainability Standards Program, the 'Fairly Traded' label is Sainsbury's attempt to simplify the complex landscape of certifications, while providing more direct support to farmers. But the Fairtrade community fears the move will put the producer-buyer relationship out of whack, with producers ultimately coming out on the losing end.

Personal care products containing microbeads will be banned from Canada beginning Jan. 1. A statement from Environmental Defence Canada lauds the ban and sees it as a proactive move, as other nations around the world consider similar regulations.

ExxonMobil and other major oil companies, as well as several multinational firms in other sectors, are set to announce support for a tax on carbon emissions as a practical tool for fighting global warming. The firms argue that if energy produced from fossil fuels costs more, it will accelerate the market-driven transition to renewable energy and other sources that produce low carbon emissions.

Kimberly-Clark will feature the World Wildlife Fund (WWF) logo on its Forest Stewardship Council- certified products to raise consumer awareness about the importance of choosing products made from responsibly sourced fiber. As part of the partnership, the company will contribute $4 million to WWF's forest and ecosystem protection programs.

Researchers at Royal Melbourne Institute of Technology in Australia have developed solar paint containing a moisture-absorbing compound that also is able to split water into oxygen and hydrogen. If water vapor is in the air, then any surface painted with this product can produce hydrogen fuel, researchers said, regardless of the location or climate.

Two of the world's leading sustainability certification bodies, Rainforest Alliance and UTZ, plan to merge later this year in an effort to simplify the certification process for sustainable agriculture. Under the name Rainforest Alliance, the organization create a single global certification standard by 2019 that will streamline certification for farmers and empower companies to build more responsible supply chains, more efficiently.

Beer maker Carlsberg Group introduced its Together Towards ZERO campaign Tuesday, which aims to eliminate carbon emissions by 2030 and increase its focus on renewable electricity at its breweries. The company will also work to decrease brewery water usage and improve water management in high-risk areas.

Albertsons has committed to preventing and reducing marine pollution, working to cut down on ocean acidification, taking better control of overfishing practices and other initiatives under the United Nations' sustainable "Oceans Goal." The retailer has also become part of the Seafood Task Force, which targets unregulated and illegal fishing

Fifty of the world's largest businesses, retailers and fishing companies from across the tuna supply chain have banded together to stamp out illegal, unreported and unregulated fishing in their industry, protect the health of oceans and eliminate forced labor from fishing vessels. The agreement was brokered by the World Economic Forum and is supported by policymakers and 18 civil society organizations.

Last month we announced a major step forward with respect to "free-from" products: We will remove parabens, phthalates and the most prevalent formaldehyde donors (preservative ingredients that can release formaldehyde over time) across nearly 600 of our beauty and personal care products from our CVS Health, Beauty 360, Essence of Beauty and Blade store brands.

Increased conservation advocacy by groups including the Leonardo DiCaprio Foundation and the World Wildlife Fund encouraged the Mexican government to renew efforts to save the critically endangered vaquita porpoise from extinction. Mexican President Enrique Pena Nieto has signed a memorandum of understanding that includes stricter enforcement of a permanent ban on fishing nets in Mexico's Upper Gulf of California, where about 30 vaquitas are estimated to be left.

Home goods producer SC Johnson announced a program to increase recycling of its plastic Ziploc storage bags. The company says it is disappointed with recovery rates at store drop-off locations, and is working on a process to allow the bags to be included in curbside recycling.

Almost 21% of the global supply of palm oil is now certified as responsible and sustainable by the Roundtable on Sustainable Palm Oil. Demand for RSPO-certified palm oil is growing due to many factors, including more food companies pledging to cut deforestation in their supply chains, SCS Global Services reports.